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Transportation Road and Rail

  • Aug 14- U.S. truck leasing and rental company Ryder Systems Inc said on Monday it would become the exclusive sales partner for California- based electric truck maker Chanje, which would roll out its first commercial vehicle in the last quarter of 2017.. Ryder said it placed its first order for medium-duty electric trucks made by Chanje, as it looks to make...

  • SAN FRANCISCO, Aug 9- Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles, seen by Reuters.

  • SAN FRANCISCO, Aug 9- Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles, seen by Reuters.

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Hyndman, Pa., Aug 2- Rail cars carrying gas and sulfur on a CSX Corp freight train skidded off the tracks and burst into flames on Wednesday in a small Pennsylvania town, forcing hundreds of residents to flee their homes as firefighters fought the blaze. No injuries were reported after the crash in Hyndman, about 100 miles southeast of Pittsburgh.

  • Aug 2- A CSX Corp freight train carrying flammable materials derailed as it moved through a southern Pennsylvania town on Wednesday, striking a residential garage that caught fire, forcing more than 100 residents from their homes, authorities said. No injuries were reported after the crash in Hyndman, about 100 miles southeast of Pittsburgh, but CSX warned...

  • Aug 2- A CSX Corp freight train derailed as it moved through a southern Pennsylvania town on Wednesday, striking a residential garage that caught fire and forcing more than 100 residents from their homes, authorities said. No injuries were reported after the crash in Hyndman, about 100 miles southeast of Pittsburgh, but CSX warned customers of service...

  • CN chief executive Luc Jobin said on a call with analysts that he expects volume growth during the second half of the year, despite tougher comparable figures from the fourth quarter of 2016. "It's a lot of volume coming at us," CN chief financial officer Ghislain Houle said on the call. CN reaffirmed 2017 adjusted earnings per share of C $4.95 to C $5.10, despite...

  • Canada's largest railroad company said net income rose to C $1.03 billion, or C $1.36 per share, in the second quarter ended June 30 from C $858 million, C $1.10 per share, a year earlier. Excluding items, the company earned C $1.34 per share, slightly ahead of analysts' average estimate of C $1.32, according to Thomson Reuters I/B/E/S. Revenue rose 17 percent to C $3.33...

  • July 25- Canadian National Railway Co reported a 20 percent rise in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including Canadian grains and fertilizers. Canada's largest railroad company said net income rose to C $1.03 billion, or C $1.36 per share, in the second quarter ended June 30 from C $858 million, C $1.10 per share, a...

  • SAN FRANCISCO, July 25- Convoy, an app connecting truck drivers with loads of freight, has raised more than $60 million as startup investors double down on technology bets to transform the long-haul trucking industry. The funding round was led by Y Combinator, a technology startup accelerator based in Silicon Valley, Convoy Chief Executive Officer Dan Lewis...

  • Artist's impression of the MTR Express' newly unveiled Trainy McTrainface

    A train operator in Sweden has vowed to name one of its trains Trainy McTrainface in a bid to bring “joy” to all those disappointed when the U.K. overturned a public vote to name a polar research ship with a similar quirky name.

  • Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday. Talks with Mexico and Canada on revisions to the treaty, which came into effect in 1994, are due to start...

  • Road updates benefit both autonomous vehicles and human motorists: Caltrans Director

    California Department of Transportation (Caltrans) Director Malcolm Dougherty talks about the state's push to modify roadways to accomodate driverless car technology.

  • Union Pacific CEO: We are working on to make our service the best in the marketplace

    Union Pacific Chairman & CEO Lance Fritz discusses the rail company's quarterly earnings and strategy going forward.

  • Revenue from grain shipments, the biggest contributor to the rail operator's total revenue, jumped 20.2 percent to C $363 million in the second quarter ended June 30. CP Chief Marketing Officer John Brooks said he expects Canada's second largest railroad will feel the impact of the dry conditions in North Dakota, as uncertainty grows in southern Alberta and...

  • DETROIT, July 18- CSX Corp, the third-largest U.S. railroad operator, posted a better-than-expected rise in quarterly net profit on Tuesday, helped by improved coal shipments, and the company also announced a $500 million increase to its share repurchase program. The Jacksonville, Florida- based railroad said second-quarter revenue rose 8 percent, on growth...

  • DETROIT, July 18- CSX Corp, the third-largest U.S. railroad operator, reported a better-than-expected rise in quarterly net profit on Tuesday as coal shipments helped drive revenue growth. CSX posted second-quarter net income of $510 million or 55 cents per share, up from $445 million or 47 cents per share a year earlier. On that basis, Wall Street analysts had...

  • Cramer Remix: This stock is just too sexy to ignore

    Jim Cramer may have an unhealthy obsession with this stock, but at this price, maybe you should too.