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Transportation Road and Rail

  • JPMorgan, Citigroup and Wells Fargo are scheduled to report earnings on Thursday and could throw some light on the U.S. banking industry's performance amid a rally in financial shares since the election of President Donald Trump. "The financial sector has been a darling performer since the election and we've seen some of that performance retreat in the last...

  • April 10- U.S. stocks were set to gain the most in nearly two weeks late-Monday morning as higher oil prices lifted energy stocks, while investors braced for big banks to kick off the first-quarter earnings season later in the week. JPMorgan, Citigroup and Wells Fargo are scheduled to report earnings on Thursday and could throw some light on the U.S. banking...

  • *Brent crude prices rise above $55/ barrel. JPMorgan, Citigroup and Wells Fargo are scheduled to report quarterly earnings on Thursday and could throw light on the U.S. banking industry's performance amid a rally in financial shares since the election of President Donald Trump. "It looks like the start of a quiet holiday week after an underwhelming Friday, where...

  • *Brent crude rises above $55/ barrel. Investors are keenly watching the quarterly results to justify lofty market valuations following a post-election rally, sparked off by bets that President Donald Trump would introduce pro-growth policies. "It looks like the start of a quiet holiday week after an underwhelming Friday, where much could have happened but...

  • BERLIN/ PARIS, April 5- BlaBlaCar, whose amateur chauffeurs share costs with passengers on long-distance journeys, will offer them cheaper car leases through French bank Societe Generale in the latest threat to traditional transport models. The Paris- based start-up will first offer the new packages for Opel models through the bank's leasing business to more...

  • No question there is bipartisan support for infrastructure: Bill Rudin

    Bill Rudin, Rudin Management Company, provides highlights from the White House CEO summit, including talk about shortening the timeline on infrastructure projects and the outlook for tax reform. There was a lot of talk about creating jobs of the future, says Rudin.

  • Updating Hong Kong's trams

    Emmanuel Vivant, MD of Hong Kong Tramways, talks about how the tram operator is modernizing even while retaining its affordable HK$2.30 fares.

  • All aboard Hong Kong's iconic 'Ding Ding'

    Uptin Saiidi takes a closer look at the environmentally-friendly trams that help 200,000 commuters get around Hong Kong every day.

  • MTR expands its UK footprint

    Lincoln Leong, CEO of MTR Corporation, talks about the company's joint venture with First Group to run the U.K.'s South West rail franchise.

  • NEW YORK, March 30- A federal judge on Thursday dismissed a lawsuit by taxi owners and lenders accusing New York City and its Taxi and Limousine Commission of jeopardizing their survival by imposing burdensome regulations and letting the Uber ride-sharing service take passengers away. "Make no mistake about it- we fully expect the fight on behalf of the New York...

  • March 30- A federal judge on Thursday dismissed a lawsuit by taxi owners and lenders accusing New York City and its Taxi and Limousine Commission of jeopardizing their survival by imposing burdensome regulations and letting the Uber ride-sharing service take passengers away. The growth of services such as Uber and Lyft in New York City has caused the value of...

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. The acquisition would come at a sensitive time for relations between the United States and Mexico, following a pledge by U.S.

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. Grupo Mexico has prevailed in an auction for Florida East Coast Railway and is now negotiating final terms with the U.S. regional...

  • NEW YORK, March 22- Trucking company Daseke Inc plans to double its pretax earnings over the next three years as it seeks aggressive growth through acquisitions to consolidate a fragmented area of the industry, the companys president, chief executive and founder said on Wednesday. The companys trucking fleet includes more than 3,000 tractors and 6,000 open...

  • BEIJING, March 21- China's rail freight volume in February rose 19.4 percent from the same period last year to 281.21 million tonnes, the National Bureau of Statistics said on Tuesday. The amount of cargo carried by railways went up 14.5 percent year-on-year to 591.78 million tonnes in the first two months of 2017, the data showed. China's rail freight volume in...

  • OBOR represents huge potential for France's Alstom

    Jean-Francois Beaudoin, SVP at Alstom, says the "One Belt, One Road" project has plenty of potential, but regulation issues lie ahead.

  • NEW YORK, March 15- While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the creek below. But the incident in Iowa underscores the growing risk of another serious accident along...

  • LeFrak's 'clean sheet' approach to rebuilding America

    Richard LeFrak, The LeFrak Organization, talks about using a streamlined system to infrastructure projects.

  • Tesla's CEO Elon Musk

    Richard LeFrak, The LeFrak Organization, talks about Elon Musk's plans to build a mile of tunnel in California for his transportation project using his own money. And LeFrak shares his thoughts on public-private partnerships.

  • Trump wants projects he can implement immediately: Richard LeFrak

    Richard LeFrak, The LeFrak Organization, talks about President Trump's focus on shovel-ready infrastructure projects.