×

Transportation Road and Rail

  • BEIJING, Nov 17- China's October rail freight volume rose 11.2 percent from a year earlier, the biggest increase in three years, as a construction boom and government infrastructure spending spurred demand for raw materials from steel to cement. Rail freight volume increased to 307.2 million tonnes last month, the National Bureau of Statistics said on...

  • BEIJING, Nov 17- China's rail freight volume in October rose 11.2 percent from the same period last year to 307.2 million tonnes, the National Bureau of Statistics said on Thursday.

  • Getting rails back on track

    CNBC's Morgan Brennan takes a look at how Trump's presidency and the potential of major infrastructure spending could give the rail sector a much-needed boost.

  • MARRAKESH, Morocco/ CHICAGO, Nov 9- The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc, North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms. His victory caused dismay at a climate policy conference in...

  • Hertz overbought in the compact car category and overpromised on performance for the year, Chief Executive John Tague said on a post-earnings call on Tuesday. "And while we've generally been fans of the Hertz management team, this result tells us that this management team may now face questions around credibility," Barclays analyst Brian Johnson wrote in a note.

  • Nov 8- Hertz Global Holding Inc lost more than half its market value on Tuesday, after the U.S. car rental company slashed its full-year profit forecast as it wrote down the value of its compact cars amid a slowdown in demand. Hertz, facing stiff competition from the likes of Uber, has been gradually reducing the size of its big fleet, which it operates under brands...

  • The company, which operates its fleet under brands such as Hertz, Dollar and Thrifty, forecast adjusted profit of 51 cents- 88 cents per share for the year, compared with its earlier estimate of $2.75- $3.50 per share. Revenue from the company's U.S. car rental business, which is also its biggest, fell 1.9 percent to $1.71 billion for the third quarter ended Sept. 30.

  • BRASILIA, Nov 4- Brazil will allow investors to return concessions for road, railroad, port and airport projects that have not taken off in an effort to attract fresh private investment to modernize decrepit infrastructure, a government source said on Friday. Outdated infrastructure has hobbled exports of commodities by Brazil, one of the world's biggest food...

  • BRASILIA, Nov 4- Brazil's program to modernize its infrastructure will include an extension of current railway concessions but require that private investors match public investment in the railroads, a source with knowledge of the government's plans told Reuters on Friday. President Michel Temer is seeking to boost private investment in building and...

  • CHICAGO, Nov 1- Ratings agency Moody's on Tuesday raised its outlook for the North American railroad industry, citing the possibility of rising revenue as freight volumes stabilize. Moody's said it expected revenue for the railroads to be flat to up 2.5 percent over the next 12 to 18 months as they regain some pricing power following freight declines led by coal...

  • MONTREAL, Oct 31- Too many Canadian train crews, particularly on freight lines, are not getting sufficient rest and railroads need to do more to apply fatigue science to scheduling, the country's transport safety watchdog said on Monday. The Transportation Safety Board of Canada, an independent government agency, singled out rail fatigue in its 2016 watch list,...

  • Mad Money 2

    Jim Cramer spoke with Norfolk Southern CEO Jim Squires on his innovative way to continue making money with cargoes on the decline.

  • Trading Nation: US economy off the rails?

    David Seaburg, Cowen & Co., and Boris Schlossberg, BK Asset Management, discuss using the transportation sector as a bellwether for the economy with Brian Sullivan.

  • ET3 Hyperloop concept

    Hyperloop One, which is developing technology for a futuristic transit system, has taken its total funding to $160 million.

  • Transportation sector may indicate economic downturn

    A report by the US Bureau of Transportation Statistics says the transportation index sees moves before changes in economic growth.

  • Truck on road

    If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.

  • CSX CEO talks earnings, coal

    Michael Ward, CSX Corporation Chairman & CEO, discusses the company's earnings release and how the price of coal is affecting the rail operator.

  • Busiest day on the road

    CNBC's Kate Rogers reports from the New Jersey Turnpike on what to expect if you're heading out for the long weekend.

  • Record-breaking road travel

    CNBC's Kate Rogers reports gas prices are at their lowest level since 2005, but be prepared to sit in traffic this holiday weekend. AAA reports 36 million people plan to drive this July 4th weekend.

  • Get readyfor heavy July 4th traffic: Report

    According to AAA it's going to be a record-breaking travel weekend, reports CNBC's Kate Rogers.