Road and Rail Railroads

  • OMAHA, Neb.— Union Pacific plans to borrow some ideas from other major freight railroads as it works to improve its operations. Union Pacific CEO Lance Fritz said his railroad isn't meeting customer expectations now, and these changes should help that. Union Pacific said it will work to minimize its use of locomotives and reduce the time cars sit idle.

  • DALLAS— A Texas company has secured a $300 million loan for a proposed high-speed rail project from Dallas to Houston. Texas Central Partners will use the funds from Japanese sources to move forward with permitting, design and engineering, The Dallas Morning News reported. The train would make a 90- minute trip from Dallas to Houston, with one stop near Texas A&M...

  • Cramer Remix: Apple's new products prove its trillion-dollar valuation is too low

    Jim Cramer explains why Apple's sustained innovation is what keeps driving its stock higher.

  • Jim Cramer on "Mad Money."

    Jim Cramer explains why Apple's sustained innovation is what keeps driving its stock higher.

  • Kansas City Southern CEO: Mexico is very important to us

    Pat Ottensmeyer, Kansas City Southern CEO, discusses how the North American trade negotiations are impacting the rail company.

  • What's pushing railroad stocks? Analyst explains

    Scott Group, Wolfe Research senior transportation analyst, joins Power Lunch to talk surging railroad stocks.

  • Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to ship consumer products, grain, petroleum and steel, and the Berkshire Hathaway Automotive car dealership financed more vehicle purchases. "Good results across the board," said Doug Kass, who runs the hedge fund Seabreeze Partners Management...

  • Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to ship consumer products, grain, petroleum and steel, and the Berkshire Hathaway Automotive car dealership financed more vehicle purchases. "Good results across the board," said Doug Kass, who runs the hedge fund Seabreeze Partners Management...

  • The capacity gives Montreal- based CN more leeway to take on crude-by-rail contracts, provided it does not disrupt service of commodities like grain, said Chief Executive Jean-Jacques Ruest, who now heads the company on a permanent basis. CN said it now expected adjusted earnings of C $5.30 to C $5.45 per share, compared with C $5.10 to C $5.25 per share estimated...

  • The company said it now expected adjusted earnings of C $5.30 to C $5.45 per share, compared with C $5.10 to C $5.25 per share estimated previously. CN Rail also added another C $100 million to its capital budget, taking its total spending to C $3.5 billion for 2018, as it looks to invest in new rail cars. Net income rose to C $1.31 billion, or C $1.77 per share, in the...

  • July 24- Canadian National Railway reported a 27 percent jump in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including grains and fertilizers. The company, which named Jean-Jacques Ruest chief executive officer earlier on Tuesday, said net income rose to C $1.31 billion, or C $1.77 per share, in the second quarter ended June...

  • July 20- Kansas City Southern, a regional U.S. railroad operator with extensive operations in Mexico, topped Wall Street estimates for quarterly profit on Friday, as it transported higher volumes of petroleum, cars and chemicals. Net income available to shareholders rose more than 10 percent to $148.2 million, or $1.45 per share, helped by higher volumes for...

  • "Network performance improved significantly coming out of the first quarter, but a tunnel outage and train-crew shortages created a headwind in June," Chief Executive Officer Lance Fritz said. A tunnel collapse in Oregon in late May forced the railroad to reroute traffic, which added 4 to 5 days of travel time and sparked a cascade of disruptions and unexpected...

  • July 18- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash. The Calgary- based company said revenue from grains jumped 2.5 percent to C $372 million in the reported quarter, while revenue from potash rose 6.4...

  • YIWU, China/ MALASZEWICZE, Poland, June 27- When cargo trains from China began arriving at the Polish border town of Malaszewicze almost a decade ago, they were considered a novelty- able to ship laptops and cars to Europe in as little as two weeks, but extremely infrequent, with one service a month. Rail shipments have experienced delays of over ten days at land ports...

  • The train included 98 tank cars moving in total some 58,000 barrels of crude oil from Western Canada to Stroud, Oklahoma for oil producer ConocoPhillips, a Conoco spokesman said. "The accident is a manifestation of increased crude-by-rail from Western Canada due to pipeline constraints," said Kevin Birn, an energy analyst at IHSMarkit in Calgary.

  • 4 Stocks: Planes, Trains, Energy & Tech

    The "Halftime Report" traders give their top stocks to watch for the second half of the day.

  • MONTREAL, June 6- Canadian Pacific Railway Ltd conductors and locomotive engineers will get a 9 percent salary hike over four years as part of a tentative agreement reached last week with the Teamsters, spokesmen from both the union and CP said on Wednesday. The agreement, which must first be ratified by members to go into effect this year, would give the 3,000...

  • MONTREAL, June 6- Canadian Pacific Railway Ltd conductors and locomotive engineers will get a 9 percent salary hike over four years as part of a tentative agreement reached last week with the Teamsters, a union spokesman said on Wednesday. The agreement, which must first be ratified by members to go into effect this year, would give the 3,000 workers an increase of...

  • May 30- Canadian Pacific Railway Ltd said a strike by more than 3,000 workers over employment terms ended on Wednesday after the railroad operator reached tentative agreements with labor union Teamsters. The strike came at a time of tight rail capacity in Canada, with CP and rival Canadian National Railway facing strong demand for shipments of grain, potash...