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Transportation Road and Rail

  • 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...

  • *Brent crude rises above $55/ barrel. Investors are keenly watching the quarterly results to justify lofty market valuations following a post-election rally, sparked off by bets that President Donald Trump would introduce pro-growth policies. "It looks like the start of a quiet holiday week after an underwhelming Friday, where much could have happened but...

  • BERLIN/ PARIS, April 5- BlaBlaCar, whose amateur chauffeurs share costs with passengers on long-distance journeys, will offer them cheaper car leases through French bank Societe Generale in the latest threat to traditional transport models. The Paris- based start-up will first offer the new packages for Opel models through the bank's leasing business to more...

  • No question there is bipartisan support for infrastructure: Bill Rudin

    Bill Rudin, Rudin Management Company, provides highlights from the White House CEO summit, including talk about shortening the timeline on infrastructure projects and the outlook for tax reform. There was a lot of talk about creating jobs of the future, says Rudin.

  • Updating Hong Kong's trams

    Emmanuel Vivant, MD of Hong Kong Tramways, talks about how the tram operator is modernizing even while retaining its affordable HK$2.30 fares.

  • All aboard Hong Kong's iconic 'Ding Ding'

    Uptin Saiidi takes a closer look at the environmentally-friendly trams that help 200,000 commuters get around Hong Kong every day.

  • 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...