CHICAGO, April 13- No. 3 U.S. railroad CSX Corp said on Wednesday its expects "mid-to-high single digit" freight volume declines in the second quarter due largely to slumping coal demand, but its top executive said there are signs America's industrial economy may avoid a recession. "During the fourth quarter, there was a risk of an industrial recession," chief...
CHICAGO, April 12- No. 3 U.S. railroad CSX Corp said on Tuesday that lower freight, in particular a 31 percent drop in coal volumes, had hurt its first-quarter profit and still expected coal to weigh on earnings throughout 2016.. The Jacksonville, Florida- based railroad posted first-quarter net income of $356 million, or 37 cents per share, down more than 19 percent...
Michael Ward, CSX Corporation CEO, joins Closing Bell to discuss CSX earnings and business strategy.
ROME, April 11- To traders at the famous Royal FloraHolland flower market near Amsterdam, Vincenzo Crupi was just another businessman helping to make the Netherlands the largest exporter of cut flowers in the world. To the police, Crupi was a mafia suspect allegedly concealing drugs worth millions of dollars alongside fragrant bouquets he trucked to Italy.
CHICAGO, April 7- The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the country's national defense. In a letter to the U.S. Surface Transportation Board dated April 7, the Department of Defense...
Freight trains originating in China have arrived in cities as far afield as Madrid and Tehran as China seeks to demonstrate the viability of a trans-continental service. China Railway, the state-owned railroad operator, now runs a regular weekly container train between Wuhan and Hamburg in Germany with other cities in both countries also developing...
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.
Several cars on a train derailed west of Dodge City early Monday.
Jim Cramer explains what to watch ahead of the open, including why rail stocks are cheap and he'd be willing to buy CSX.
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.
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.