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Transportation Road and Rail

  • 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.

  • Infrastructure approval process insane:  Richard LeFrak

    Richard LeFrak, The LeFrak Organization, says EPA rules will be respected but the system of going about getting approval for infrastructure improvement is "insane."

  • US 'behind the curve' on infrastructure upgrading: Richard LeFrak

    Richard LeFrak, The LeFrak Organization, says if there ever was a president prepared to fix U.S. infrastructure problems, it's President Trump. He has concrete in his blood, says LeFrak.

  • DETROIT/ NEW YORK/ MONTREAL, March 9- Shortly after being named CEO of Canadian Pacific in 2012, Hunter Harrison hoisted himself onto a roof near a Montreal rail yard, pulled up a beach chair and timed the company's switch engines using a stopwatch and binoculars. Harrison's appointment came amid shareholder pressure that was led by activist investor Paul Hilal...

  • DETROIT/ NEW YORK/ MONTREAL, March 9- Shortly after being named CEO of Canadian Pacific in 2012, Hunter Harrison hoisted himself onto a roof near a Montreal rail yard, pulled up a beach chair and timed the company's switch engines using a stopwatch and binoculars. The septuagenarian railroad legend's obsessive attention to detail- his Florida home was equipped...

  • US cities pose crumbling infrastructure risks

    CNBC's Aditi Roy reports civil engineers are sounding the alarm that thousands of levees across the nation are in dire need of repair and pose a risk of flooding to many farms, real estate and entire cities.

  • DETROIT, March 7- U.S. truck maker Navistar International Corp on Tuesday reported a much wider-than-expected quarterly loss on continued industry weakness but said its new product line positioned it well for an expected market rebound in the second half of 2017.. "This marks an exciting new chapter in Navistar's history, and another step in our journey to...

  • NEW DELHI, March 1- Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy. For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000...

  • NEW DELHI, March 1- Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy. For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000...