WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter profit of $9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research. » Read More
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Alstom has won two rail contracts in India worth up to €3.7B as the country ups spending in its outdated network, the Financial Times reports.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.
Christian Wetherbee, Citi Research, discusses how fuel surcharges are impacting the trucking industry.
Johnson Leung, head of regional transport at Jefferies Group, discusses the interest that China had shown in the building of a high-speed railway in Indonesia.
A stronger economy usually leads to more traffic congestion on the roads
CNBC's Mary Thompson reports on the unusual relationship between Pennsylvania and private partners to implement a fast fix for the state's crumbling bridges.
Thomas Friedman, New York Times columnist, discusses why it's time for Congress to pass a transportation bill to fund the rebuilding of America's crumbing roads, railways, and airports.
A group led by Canada's Brookfield will buy Australian logistics company Asciano for $6.5B, creating a global port and freight business.
Traffic deaths spike 14% in the first six months of 2015; injuries are up by a third.
Hong Kong's first major IPO to brave the market since the depths of the China market rout, CRSC, opened nearly flat on debut Friday.
Kelvin Leung, CEO, Asia Pacific at DHL Global Forwarding, says the company's third rail service from China to Europe offers customers with a cheaper and faster option.