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Transportation Road and Rail

  • The Omaha, Nebraska- based company said on Thursday freight revenue from coal surged 25 percent in the first quarter ended March 31. Union Pacific's net income rose to $1.07 billion, or $1.32 per share, in the first quarter, from $979 million, or $1.16 per share, a year earlier. Analysts on average had expected first-quarter profit of $1.23 per share, and revenue of...

  • April 27- Union Pacific Corp, No. 1 U.S. railroad, reported a 9.5 percent rise in quarterly profit, led by higher freight revenue from coal. The company's net income rose to $1.07 billion, or $1.32 per share, in the first quarter ended March 31, from $979 million, or $1.16 per share, a year earlier. Total operating revenue rose 6.3 percent to $5.13 billion.

  • MONTREAL April 24- Canadian National Railway Co on Monday reported an 8 percent increase in quarterly revenue as the railroad moved record volumes, boosted by grain, frac sand and coal. Canada's largest railroad also approved a quarterly dividend and said total carloads rose 9 percent in the first quarter ended March 31, although rail freight revenue per...

  • "The long-term outlook continues to be extremely positive, chief executive Patrick Ottensmeyer said in a call with analysts." Nevertheless, shares slipped on Friday on worries about the company's operations in Mexico. The railroad has an extensive network in Mexico.

  • April 21- Regional U.S. railroad Kansas City Southern reported a 36 percent jump in quarterly net profit on Friday, driven by an increase in overall carload volumes. The company's net income available to common stockholders rose to $146.5 million, or $1.38 per share, in the first quarter ended March 31, from $107.7 million, or 99 cents per share, a year earlier.

  • CSX freight lines run through center city Philadelphia

    CSX saw its shares rise over 6 percent in early trading after the railroad giant topped Wall Street's expectations with strong earnings.

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...

  • Amtrak has support on both sides of the aisle: CEO

    Wick Moorman, Amtrak CEO, discusses support in Congress to improve the company's train network, as resources and service could diminished under President Trump's proposed budget.

  • Japan wants to build high speed rail in US

    CNBC's Morgan Brennan reports on the world's fastest train, which tops 370 miles per hour.

  • MONTREAL, April 19- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit as it earned more from shipments of commodities such as grain and coal, and the company expressed optimism that demand was improving. The results are the first under Chief Executive Keith Creel, who officially took the reins in the middle of the quarter from...

  • MONTREAL, April 19- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit as it earned more from shipments of commodities such as grain and coal, and the company expressed optimism that demand was improving. The results are the first under Chief Executive Officer Keith Creel, who officially took the reins in the middle of the quarter...

  • CHICAGO, April 19- No. 3 U.S. railroad CSX Corp on Wednesday reported a better-than-expected quarterly net profit driven by rising freight volumes across most of the markets it covers and said it plans to cut costs and boost profitability moving forward. After almost two years in which the Jacksonville, Florida- based railroad experienced precipitous declines...

  • CHICAGO, April 19- No. 3 U.S. railroad CSX Corp on Wednesday reported a better-than-expected quarterly net profit driven by rising freight volumes across most of the markets it covers and said it plans to cut costs and boost profitability moving forward. These were the first quarterly results for the Jacksonville, Florida- based railroad since the appointment...

  • The Jacksonville, Florida- based railroad posted first-quarter net profit of $362 million or 39 cents a share, up from $356 million or 37 cents per share a year earlier.

  • Next stop for rail stocks

    Donald Broughton, Broughton Capital takes a look at the railroad sector to see if stocks are back on track.

  • *Financials decline ahead of bank earnings later this week. NEW YORK, April 10- U.S. stocks ended a choppy session slightly higher on Monday as gains in energy shares offset losses in financials ahead of quarterly corporate earnings later this week. Secretary of State Rex Tillerson said on Sunday the military strikes against Syria over its alleged use of...

  • NEW YORK, April 10- U.S. stocks were higher in choppy trading Monday as gains in energy shares offset losses in financials ahead of quarterly earnings later this week. The index is currently trading at 17.4 times forward earnings estimates, above its long-term average of 15, according to Thomson Reuters data. JPMorgan, Citigroup and Wells Fargo are scheduled to...

  • 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...