Discussing upcoming earnings in the transport sector like CSX with Donald Broughton, Avondale Partners managing director and senior research analyst.
MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...
SAO PAULO, Jan 16- Movida Participações SA has set the price range for an initial public offering at between 8.90 and 11.30 reais per share in a deal that could help the Brazilian car rental firm and a shareholder fetch as much as 1.184 billion reais from investors. Growing appetite for risk among local investors and hopes that President Michel Temer will...
China has unveiled plans to partially privatize the country's industrial champions, including the state railway system, the SCMP reports.
This is the latest step in the China’s Belt and Road initiative.
David Vernon, Bernstein, shares his outlook on railroads and weighs in on what's driving transports into the new year.
CNBC's Morgan Brennan takes a look at where railroad stocks are likely headed next year.
The truckmaker's shares fell as much as 11.59 percent to $26.25 in morning trading on Tuesday. Heavy-duty truck orders have been declining as trucking companies adjust their fleets amid lackluster retail sales and industrial output in the United States. Navistar expects 2017 class 8 industry volumes to range between 190,000 and 220,000 trucks while class...
SALGUEIRO, Brazil, Dec 15- The rusting tracks of Brazil's Transnordestina railway peter out and give way to a dirt trail in a remote corner of the country's arid northeast, far from the ports or farms it was meant to serve. No trains run on these tracks and the cleared path for one of Brazil's most ambitious infrastructure projects is used only by local cars, and the...
Hertz said CEO John Tague would retire on Jan. 2, a little over two years after he got the role with backing from Icahn, and be replaced by Kathryn Marinello, who sits on the boards of AB Volvo and General Motors Co.. "Kathy has a history as a proven CEO and I believe she is the right person to lead Hertz as we move forward," Icahn, who has a 35.3 percent stake in Hertz, said in a...
SAO PAULO, Nov 30- Movida Participações SA on Wednesday filed for regulatory permission to sell shares for the first time in the São Paulo Stock Exchange, the second such plan by a Brazilian car rental company this year. The move underscored the resilience of car renting despite Brazil's harshest recession in eight decades, high unemployment and a slump in...
CNBC's Phil LeBeau has the update on where travelers are headed this holiday weekend.
CNBC's Morgan Brennan speaks with Amtrak president and CEO Wick Moorman about President-elect Trump's infrastructure plans and the state of the rail industry in America.
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.
Jim Cramer spoke with Norfolk Southern CEO Jim Squires on his innovative way to continue making money with cargoes on the decline.
David Seaburg, Cowen & Co., and Boris Schlossberg, BK Asset Management, discuss using the transportation sector as a bellwether for the economy with Brian Sullivan.
Hyperloop One, which is developing technology for a futuristic transit system, has taken its total funding to $160 million.
A report by the US Bureau of Transportation Statistics says the transportation index sees moves before changes in economic growth.
If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.
Michael Ward, CSX Corporation Chairman & CEO, discusses the company's earnings release and how the price of coal is affecting the rail operator.