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Road and Rail Railroads

  • Jan 18- Canadian Pacific Railway Ltd said on Thursday it is weighing strategic deals to boost crude-by-rail shipments in 2018, after reporting fourth-quarter profit that beat analysts' estimates. Canada's second-largest railway said it expects revenue growth in the mid single digits this year, boosted by strong global potash demand, strength in energy and...

  • LOMBARD, Ill., Jan 17- Major U.S. railroads on Wednesday warned President Donald Trump of the potential financial and political consequences of scrapping the North American Free Trade Agreement and urged U.S., Mexican, and Canadian officials to find ways to modernize the accord. Cross-border rail trade between the United States and Mexico is dominated by Kansas...

  • Jan 16- CSX Corp reported a bigger-than-expected drop in fourth-quarter revenue on Tuesday as the third-largest U.S. railroad lost some business due to service issues caused by former chief executive Hunter Harrison's turnaround plan. Investors have been searching for clarity on how new CEO Jim Foote will handle the turnaround plan that also includes deep...

  • MONTREAL, Jan 16- A Canadian judge on Tuesday told jurors to continue deliberations, despite their difficulty in reaching a verdict in the joint trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in Quebec, local media said. In July 2013, the downtown section of the town of Lac Megantic was destroyed following the...

  • Jan 16- CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street's earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad operator. Hunter Harrison, CSX's former chief executive and a veteran railroader cherished by investors for leading...

  • OMAHA, Neb.— CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year. That topped the 56 cents per share expected by the nine analysts surveyed by Zacks Investment Research. Six analysts surveyed by Zacks...

  • Now watch the banks

    Jim Cramer laid out the stocks and events he'll be watching as earnings season kicks into high gear with the big banks' reports.

  • Cramer's game plan: JP Morgan set the benchmark. Now watch the banks

    Jim Cramer laid out the stocks and events he'll be watching as earnings season kicks into high gear with the big banks' reports.

  • Jamie Dimon

    Jim Cramer laid out the stocks and events he'll be watching as earnings season kicks into high gear with the big banks' reports.

  • Brightline private rail opening to the public

    Wes Edens, Fortress Investment Group co-founder and co-chair, speaks about the country's first private intercity passenger railroad in Florida and his outlook for other transportation infrastructure development.

  • Virgin Hyperloop One CEO: We've proven the tech works, just looking for first customer

    Virgin Hyperloop One CEO Rob Lloyd talks about the futuristic transportation company breaking a world speed record in testing and how close they really are to deploying the technology in cities.

  • HOUSTON, Jan 4- Canadian crude shipments to the United States by rail could rise more than 60 percent this year on demand by Gulf Coast refiners for the heavy crudes and the wide differential between Canadian grades and the U.S. benchmark. Canadian crudes have been replacing heavy oil from Venezuela and Mexico at the Gulf Coast, due to production declines in both...

  • A deadly Amtrak crash last month near Seattle that killed three occurred on a section of track that did not have the PTC system operating. The National Transportation Safety Board said last month the Amtrak train that derailed onto a highway near Seattle was going 78 miles per hour in a 30- mph zone. The letters went to the chief executives of railroads, including...

  • The move comes as oil and gas producers in Canada's energy-rich Alberta province clamor to get their barrels to market via rail amid supply disruptions resulting from a leak in TransCanada Corp's Keystone pipeline. "We are bullish on the North American economy and on our ability to compete and win new business with our superior service model," CN Chief...

  • WASHINGTON, Dec 21- As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay finalizing U.S. rail safety regulations. The White House has promised a sweeping effort to eliminate regulations throughout government and cut at...

  • WASHINGTON, Dec 21- As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay finalizing U.S. rail safety regulations. The White House has promised a sweeping effort to eliminate regulations throughout government and cut at...

  • WASHINGTON, Dec 21- As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay finalizing U.S. rail safety regulations. The White House has promised a sweeping effort to eliminate regulations throughout government and cut at...

  • An Amtrak train derailment hangs over an overpass along I-5 south of Seattle on Dec 18th, 2017.

    CNBC's Sue Herera reports the latest details on the Amtrak derailment near Seattle.

  • An Amtrak train derailment hangs over an overpass along I-5 south of Seattle on Dec 18th, 2017.

    An Amtrak passenger train derailed onto the I-5 freeway outside of Seattle, the Washington State Department of Transportation confirmed in a tweet Monday.

  • An Amtrak train derailment hangs over an overpass along I-5 south of Seattle on Dec 18th, 2017.

    An Amtrak passenger train derailed onto the I-5 freeway outside of Seattle, the Washington State Department of Transportation confirmed in a tweet Monday.