Transportation Road and Rail

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  • "There is no' sell' signal as far as I'm concerned," said Katie Stockton, chief technical strategist at BTIG in New York. Analysts point to specific transports, such as United Parcel Service Inc, FedEx Corp, and hard-hit railroads, down 25.1 percent this year, as places to bargain hunt. "For investors who have a longer time horizon, that is more than a couple of months, we...

  • GE vs Alstom for massive Indian rail contracts Wednesday, 28 Oct 2015 | 10:37 PM ET

    A division of General Electric and Alstom, the French engineering company, are frontrunners to supply locomotives, the FT reports.

  • Oct 26- Tempur Sealy International Inc plans to cut about 140 jobs, or 2 percent of its workforce, as the mattress maker looks to cut costs and boost margins under new Chief Executive Scott Thompson. Thompson, a former CEO of car rental company Dollar Thrifty Automotive Group, was appointed Tempur Sealy's CEO and chairman on Sept. 8, four months after Mark Sarvary...

  • LONDON, Oct 26- U.S. diesel consumption has been flat this year after growing strongly in 2013 and 2014, mirroring a slowdown in inland freight movements and the worldwide slowdown in the raw materials sector. Diesel consumption measured by the Energy Information Administration's data on distillate supplied is closely correlated with freight movements...

  • BEIJING, Oct 26- China's rail freight volume in September fell 15.6 percent from a year earlier to 270 million tonnes, the nation's top economic planner said on Monday. The volume of goods carried by China's railways in the first nine months was down 11.4 percent from a year earlier to 2.53 billion tonnes, the National Development and Reform Commission said on its...

  • Made in China? Think railways Thursday, 22 Oct 2015 | 6:52 PM ET
    Made in China? Think railways

    Chinese rail companies that have built more than 10,000 miles of track lines domestically now want to expand into infrastructure developments overseas. CNBC's Eunice Yoon has more.

  • WASHINGTON, Oct 16- The U.S. House and Senate are "very close" to reaching bipartisan agreement to extend the Dec. 31 federal deadline for passenger and freight railroads to implement new safety technology for avoiding major accidents, an aide said on Friday. One aide said four principal lawmakers from the House and Senate, Republicans as well as Democrats, agreed...

  • ACCC on Brookfield-Asciano deal concerns Wednesday, 14 Oct 2015 | 11:15 PM ET
    ACCC on Brookfield-Asciano deal concerns

    Rod Sims, chairman of the Australian Competition and Consumer Commission, says the integration could hit competition in the rail haulage sector.

  • CHICAGO, Oct 13- No. 3 U.S. railroad CSX Corp said on Tuesday its third-quarter net profit fell slightly, mainly on slumping coal freight volumes, and that "significant coal headwinds" will continue into 2016.. Coal revenue fell 19 percent to $583 million from $721 million a year earlier. The Jacksonville, Florida- based company reported net income of $507 million, or...

  • Trucking indicator: Road bumps ahead for big rigs? Tuesday, 13 Oct 2015 | 6:43 AM ET
    Trucking indicator: Road bumps ahead for big rigs?

    Christian Wetherbee, Citi Research, discusses how fuel surcharges are impacting the trucking industry.

  • NEW YORK, Oct 6- When U.S. regulators adopted new rules last May to make hauling crude by rail safer, shippers anticipated relatively moderate costs and adjustments while rail tank car makers geared up for a retrofitting bonanza. "No one anticipated the new rules would require all these bells and whistles," Robert Pickel Jr., a senior vice president at Canadian rail...

  • The bill, introduced by lawmakers on the House Transportation and Infrastructure Committee, could avert a threatened service suspension by major railroads that cannot meet the current Dec. 31 deadline, which Congress imposed in 2008, for implementing positive train control technology. The proposed legislation would extend this year's deadline to Dec. 31,...

  • WASHINGTON, Sept 30- U.S. lawmakers, under mounting pressure from the railroad industry, announced bipartisan legislation on Wednesday to extend a Dec. 31 deadline for costly new safety technology for at least another three years. The bill, introduced by Republicans and Democrats on the House Transportation and Infrastructure Committee, could avert a...

  • CHICAGO/ NEW YORK, Sept 28- Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending. The major publicly-traded U.S. railroads including Union Pacific Corp, CSX Corp and Norfolk Southern Corp have missed estimates or...

  • WASHINGTON, Sept 16- A U.S. watchdog office urged Congress on Wednesday to empower regulators to extend a Dec. 31 deadline for freight and passenger railroads to adopt new safety technology that could prevent major derailments and other deadly crashes. The report surfaced a week after major freight railroads stepped up pressure on Congress to extend the...

  • Sept 9- XPO Logistics Inc said it would buy trucking and logistics company Con-way Inc for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America. Con-way's shares jumped 33 percent to $47.20 in after market trading on Wednesday, just shy of XPO's offer of $47.60 per share in cash.

  • XPO Logistics to buy trucker Con-way in $3 bln deal Wednesday, 9 Sep 2015 | 4:40 PM ET

    Sept 9- XPO Logistics Inc said it would buy trucking and logistics company Con-way Inc for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America.

  • WASHINGTON, Sept 8- U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator. In a Sept. 3 letter to the Senate Commerce Committee, U.S. Surface Transportation Board...

  • LONDON, Sept 2- Truckers caught up in Europe's migrant crisis say business is increasingly disrupted by queues and stowaways, but they are far more worried governments will step up border controls. If the border-free zone within Europe were to disintegrate or be scrapped, it would call into question not only the road haulage industry's own, time-sensitive...

  • Why China wants to build Indonesia's high-speed rail Wednesday, 2 Sep 2015 | 12:19 AM ET
    Why China wants to build Indonesia's high-speed rail

    Johnson Leung, head of regional transport at Jefferies Group, discusses the interest that China had shown in the building of a high-speed railway in Indonesia.