WILLINGTON, Conn.— Somewhere in America, a tractor-trailer loaded with hidden surveillance equipment is parked at a truck stop or warehouse while authorities wait for thieves to steal it. Cargo theft has become a huge problem that the FBI says causes $15 billion to $30 billion in losses each year in the U.S. The prevention efforts aren't new, but the reason for them...» Read More
Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...
CHICAGO, July 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, beating forecasts as productivity gains and lower fuel prices offset a drop in coal volumes that took a bite out of revenue. But CSX received a boost from a fuel bill of $263 million for the quarter, 37 percent lower than the $416 is paid out in the second quarter of 2014. The...
WASHINGTON, July 14- Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. On Wednesday, the panel will decide whether to send the measure to the full...
BARRANCABERMEJA, Colombia, July 9- The hulking backhoe dredges up rocks and silt from the shallows of the muddy Magdalena River in the first laborious step to transform the waterway into an engine of economic growth. By clearing logjams, the aim is to allow big cargo barges to steam up 900 km from the Caribbean coast to Puerto Salgar, close to the capital Bogota.
HOUSTON, July 1- Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Union Pacific said it changed its tariff in response to stronger U.S. rules for handling flammable liquids...
Kelvin Leung, CEO, Asia Pacific at DHL Global Forwarding, says the company's third rail service from China to Europe offers customers with a cheaper and faster option.
WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...
Truckers also want consistent standards throughout the country instead of a separate state rule in California. The EPA has said it intends to propose "performance-based" standards, allowing truck makers and operators to hit the target either through the engine, aerodynamic add-ons to trucks and trailers or software to make driving more fuel efficient.
Bob Picciano, IBM svp of analytics, discusses how IBM's smart traffic management system is using hi-tech to tackle traffic jams in New Jersey.
Discussing investment in America's rail infrastructure, with Ed Hamberger, Association of American Railroads.
Discussing the derailment of the Amtrak train and infrastructure issues in the U.S., with Richard Ravitch, former New York LT. Governor.
The U.S. has not invested in infrastructure, which is vital to a safe transportation system, former U.S. Transportation Secretary Ray LaHood said.
Brian Pallasch, ASCE Managing Director, discusses the grade of America's rail infrastructure and lack of funding.
The Canadian government unveiled tougher new proposed oil tank car standards.
Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.
CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.
Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.
Amtrak plans to move holiday travelers through a snowstorm forecast to hit the East Coast, but the system needs investment badly, said its CEO, Joseph Boardman.
CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.
Up until today, transportation stocks had been showing signs of strength. CNBC's Dominic Chu reports the road and rail group is still one of the best performing in the S&P this month, and provides insight to trucking and transport company Ryder System.