EDEN PRAIRIE, Minn. _ C.H. Robinson Worldwide Inc. on Tuesday reported second-quarter profit of $143.1 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of $1 per share. Eight analysts surveyed by Zacks expected $3.44 billion. » Read More
Ogden, Utah was once a hub of rail and industry. But beginning in the 1970’s, people left and the town slipped into decline. Reporter Mary Thompson heads there to see what’s working now in this town near the Wasatch Mountains.
The commodities giant aims to raise as much as $1.1-billion by selling the Hunter Valley rail business.
SAN FRANCISCO, March 14- Drivers for ride-hailing app Lyft will no longer face the imperative of owning a car under a rental program launched on Monday with General Motors Co. Depending on how many rides drivers complete, the cost will range from $99 a week plus 20 cents per mile to free for drivers who complete at least 65 trips a week, Zimmer said.
Several cars on a train derailed west of Dodge City early Monday.
LONDON, March 10- Global distillate markets remain heavily oversupplied but the glut will not clear unless the world economy avoids recession and there is a renewed acceleration in freight demand. Freight movements picked up in January despite the exceptionally severe weather across much of the country that month, according to data from the U.S. Bureau of...
LISLE, Ill., March 2- Navistar International Corp Chief Executive Troy Clarke is pushing the door open for potential deals as he fights to keep the truck maker's turnaround on track amid a U.S. sales slump. Navistar, under Clarke, agreed to manufacture a line of medium-duty trucks for the CEO's former employer, General Motors Co, due to launch in 2018 for sale through...
NEW YORK, Feb 27- The following are excerpts from Warren Buffett's annual letter to Berkshire Hathaway Inc shareholders, which was released early Saturday:. To attain that result, we invested about $5.8 billion during the year in capital expenditures, a sum far and away the record for any American railroad and nearly three times our annual depreciation charge.
Jim Cramer explains what to watch ahead of the open, including why rail stocks are cheap and he'd be willing to buy CSX.
SAN FRANCISCO, Feb 18- California's ambitious plan for high-speed rail service will become reality within a decade with service between the state's agricultural Central Valley and high-tech Silicon Valley, state officials announced on Thursday. In an updated draft plan for the rail line that will whisk passengers from Los Angeles to San Francisco in under...
Justin Long, Stephens railroad analyst, discusses the ripple effect of crude's crush and declining rail demand on the railroad sector.
CNBC's Morgan Brennan reports transporting oil by railroad has hit a detour as crude prices collapse and volumes for the biggest railroads have dropped.
NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...
LONDON, Feb 3- The United States was one of the biggest sources of oil demand growth in 2015 but the outlook for 2016 is much more muted, according to official forecasters. The volume of traffic on U.S. roads has also hit a new record and is growing at the fastest rate for almost two decades, according to the Federal Highway Administration. But the volume of freight...
Urban Engines wants commuters to travel during off-peak hours to reduce congestion in cities.
With a 48,000-driver shortfall, U.S. trucking fleets are recruiting from a little-tapped labor pool: women.
Alstom has won two rail contracts in India worth up to €3.7B as the country ups spending in its outdated network, the Financial Times reports.
Asciano said it had received a takeover proposal from a consortium led by Qube, challenging a rival offer from Canada's Brookfield.
A division of General Electric and Alstom, the French engineering company, are frontrunners to supply locomotives, the FT reports.
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.
Rod Sims, chairman of the Australian Competition and Consumer Commission, says the integration could hit competition in the rail haulage sector.