Transportation Road and Rail

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  • Google-backed start-up aims to fix traffic

    Urban Engines wants commuters to travel during off-peak hours to reduce congestion in cities.

  • BEIJING, Jan 26- China's rail freight volume dropped 11.9 percent in 2015 from a year earlier to 3.36 billion tonnes, the nation's top economic planner said on Tuesday, compared with a decline of 3.9 percent in 2014.. For the fourth quarter, the amount of cargo moved by railways declined 13.4 percent year on year, the National Development and Reform Commission said...

  • TORONTO, Jan 24- The oil price rout and related Canadian dollar slide that is ravaging the country's economy is starting to take its toll on corporate profits, from rail and retail to seemingly unrelated sectors like telecoms. "It's a huge negative impact on earnings," said John Stephenson, head of Stephenson& Co Capital Management, who predicts the fallout will be...

  • CHICAGO, Jan 21- Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 U.S. railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient- the American consumer. "What's causing us some concern is it's hard to figure out where the consumer is at," Chief Executive...

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business. The news sent the Omaha, Nebraska- based company's shares down more than 7 percent to $68.20 in early trading.

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as a slump in commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned that 2016 does not look much better for its business. "Overall economic conditions, uncertainty in the energy markets, commodity prices, and the strength of the...

  • CP's net income slipped 29 percent to C $319 million, or C $2.08 per share, in the three months ended Dec. 31. Calgary-based CP, Canada's No. 2 railroad, unveiled a $28 billion offer for Norfolk Southern in mid-November. CP's adjusted profit of C $2.72 per share fell short of the average analyst estimate of C $2.77, according to Thomson Reuters I/B/E/S.

  • Canada's No. 2 railroad said its net income slipped to C $319 million, or C $2.08 per share, in the three months ended Dec.31, from C $451 million, or C $2.63 per share, a year earlier. Revenue slipped 4 percent to C $1.68 billion. CP says a merger would enhance competition and create new markets and options for customers across North America.

  • FREIGHT VOLUME FALLS FOR FIRST TIME IN ALMOST. LONDON, Jan 15- Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Statistics. The total volume of freight moved by road, rail, pipeline, inland waterways and as air cargo in November 2015 was 1.1...

  • CHICAGO, Jan 13- No. 3 U.S. railroad CSX Corp does not see any compelling benefits stemming from mergers of major railroads in North America and fears regulatory burdens could be attached to the approval of deals that would add to the cost of doing business, the railroad's top executive said on Wednesday. "The benefits seem somewhat unconvincing, I really think the...

  • CHICAGO, Jan 13- No. 3 U.S. railroad CSX Corp does not see any compelling benefits stemming from mergers of major railroads in North America and fears regulatory burdens could be attached to the approval of deals that would add to the cost of doing business, the railroad's top executive said on Wednesday. "The benefits seem somewhat unconvincing, I really think the...

  • CHICAGO, Jan 12- No. 3 U.S. railroad CSX Corp on Tuesday reported a lower quarterly net profit, citing a drop in freight volumes, and said the weak global economy and U.S. industrial markets would weigh on results in the coming year. "With negative global and industrial market trends projected for 2016, full-year earnings per share are expected to be down compared to...

  • CHICAGO, Jan 12- No. 3 U.S. railroad CSX Corp on Tuesday reported a lower quarterly net profit citing a drop in freight volumes, especially a 32 percent decline in the amount of coal hauled. The Jacksonville, Florida- based railroad reported fourth-quarter net income of $466 million or 48 cents per share, down 5 percent from $491 million or 49 cents per share a year...

  • *China's rail freight volumes fall 10.5 pct in 2015. *Likely to add to concerns over China's economic growth rate. SHANGHAI, Jan 5- China's national rail freight volumes declined by a tenth in 2015, their biggest ever annual decline, business magazine Caixin reported on Tuesday, a figure likely to raise questions about how sharply the economy is really slowing.

  • SHANGHAI, Jan 5- The total volume of goods transported by China's national railway dropped by a tenth last year, its biggest ever annual decline, business magazine Caixin reported on Tuesday, a figure likely to fan concerns over how sharply the economy is really slowing. The amount of cargo moved by railways around China is seen as an indicator of domestic...

  • BEIJING, Dec 28- China's rail freight volume in November 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 11 months was down 12.3 percent from a year ago to 3.07 billion tonnes, the National Development and Reform Commission said on its website.

  • LONDON, Dec 23- Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain. The number of railcars and containers carried by the major railroads was down 8 percent last week compared with the same week a year...

  • *Deal for 250,000 vehicles including 150,000 based on Saab 9-3. STOCKHOLM, Dec 17- The China- focussed consortium that bought bankrupt Swedish automaker Saab- and bet on going all electric- unveiled its first major deal on Thursday, a mammoth $12 billion order for electric cars for a Chinese leasing company. Those based on the Saab 9-3 compact sedan will have a new...

  • Woman in Trucking

    With a 48,000-driver shortfall, U.S. trucking fleets are recruiting from a little-tapped labor pool: women.

  • *India has 13 of world's 20 most polluted cities- WHO. NEW DELHI, Dec 3- India will force all commercial trucks more than 15 years old off the road from April and is reviewing how it checks vehicle emissions, a senior transport official said, as the government tries to curb soaring urban air pollution. The World Health Organization said last year that India had 13 of the...