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Transportation Road and Rail

  • Amtrak CEO: Refreshing our rail systems

    Richard Anderson, Amtrak president & co-CEO, talks about the challenges of renewing infrastructure projects along the Northeast corridor.

  • MEXICO CITY, Sept 1- Global commodities trader Cargill Inc does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said on Friday. Cargill, which has not experienced any price spikes in rail rates, does expect to see an increase in certain types of freight to...

  • Some freight was starting to move in the Houston area, No. 1 U.S. railroad Union Pacific said, but it is still holding back shipments destined for Brownsville and 36 rail stations in the Beaumont and Orange areas, including Port Arthur, all in Texas. Workers completed repairs on some rail infrastructure to the north and south of Houston, but many routes in southern...

  • Aug 31- BNSF Railway Co said on Thursday it has made progress restoring rail service and facility operations in parts of the Houston area and other areas of southeastern Texas roiled by Hurricane Harvey. The carrier owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc said it had restored service on its line north out of Houston and a portion...

  • Aug 31- Union Pacific Corp said on Thursday that workers completed repairs on some rail infrastructure to the north and south of storm-battered Houston, but many routes in southern Texas were still being inspected, in some cases by helicopters and drones. Major U.S. railroads have warned that it could be a long time before normal operations resume in the Houston...

  • UNION PACIFIC CORP SAYS SWITCHING OPERATIONS WILL BEGIN OVER THE NEXT TWO DAYS IN PRIMARY RAIL FREIGHT YARDS IN THE HOUSTON AREA.

  • DETROIT, Aug 29- No. 1 U.S. railroad Union Pacific Corp said on Tuesday that a key rail gateway in Texas linking the United States and Mexico remains open, allowing the company to keep running trains north and south. The Omaha, Nebraska- based company said in an announcement to customers on its website that it is re-routing shipments into California that normally run...

  • SEATTLE, Aug 28- BNSF Railway Co has called back roughly 4,000 of the 5,000 workers who were furloughed across its system last year, reflecting stronger volumes of coal, grain and intermodal containers and trailers, a spokesman said. Like other major U.S. railroads, the company owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc has shed...

  • SAN FRANCISCO, Aug 24- TESLA INC PLANS SEMI TRUCK WITH WORKING RANGE OF 200 TO 300 MILES ON A SINGLE CHARGE-TRUCKING EXEC. Chief Executive Elon Musk has promised to release a prototype of its Tesla Semi truck next month in a bid to expand the company's market beyond luxury cars. Teslas electric prototype will be capable of traveling the low end of what...

  • Aug 24- Fertilizer companies, coping with a stubborn price slump, are banking on tighter emissions standards for diesel trucks in the United States and Europe to buoy their balance sheets. The niche market offers premiums of $50 to $100 per short ton over the crop nutrients they sell at prices that are depressed due to excessive supplies. DEF demand has risen...

  • Aug 24- Fertilizer companies, coping with a stubborn price slump, are banking on tighter emissions standards for diesel trucks in the United States and Europe to buoy their balance sheets. The niche market offers premiums of $50 to $100 per short ton over the crop nutrients they sell at prices that are depressed due to excessive supplies. DEF demand has risen...

  • Aug 24- Fertilizer companies, coping with a stubborn price slump, are banking on tighter emissions standards for diesel trucks in the United States and Europe to buoy their balance sheets. The niche market offers premiums of $50 to $100 per short ton over the crop nutrients they sell at prices that are depressed due to excessive supplies. DEF demand has risen...

  • Aug 24- Fertilizer companies, coping with a stubborn price slump, are banking on tighter emissions standards for diesel trucks in the United States and Europe to buoy their balance sheets. The niche market offers premiums of $50 to $100 per short ton over the crop nutrients they sell at prices that are depressed due to excessive supplies. DEF demand has risen...

  • DETROIT, Aug 23- Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University concluded. Since 2014, eight of the 50 most heavily-traveled routes between cities 120 to 400 miles apart have lost...

  • DETROIT, Aug 23- Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University concluded. Since 2014, eight of the 50 most heavily-traveled routes between cities 120 to 400 miles apart have lost...

  • Aug 22- Online travel provider Expedia Inc is looking to build up its rail booking services in the United States, Chief Executive Dara Khosrowshahi said in an interview with Reuters on Tuesday. The Bellevue, Washington- based company, which offers online bookings of hotels, flights and cars for travelers, is working to expand those capabilities to passenger...

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition this week asked federal rail regulators to investigate CSX's "chronic...

  • Harrison, a septuagenarian known for turnarounds of Canadian railroads, also slammed the Rail Customer Coalition for not discussing its complaints with him first. A Rail Customer Coalition spokesman said its letter reflected "broad agreement" among its members- which include chemical and agricultural companies, steel makers and beer producers- that "...

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition this week asked federal rail regulators to investigate CSX's "chronic...

  • *Sixt owns 50 percent of BMW's car-sharing firm DriveNow. FRANKFURT, Aug 17- German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday. Asked whether Sixt was involved in merger talks with Daimler and BMW, Chief Executive Erich...