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Transportation Road and Rail

  • 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.

  • Jim Cramer on Mad Money.

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

  • NEW YORK, July 3- U.S. market watchers on Monday received a bullish sign to kick off the second half of the year as the closely followed Dow transports set record highs for the first time since March 1. The 20- component index eclipsed its March 1 intraday record of 9,639.33, rising as high as 9,681.88 during the session. It also tallied its first closing high since...

  • June 28- U.S. retailers may see a much-needed boost from the coming back-to-school shopping season if the pickup in incoming merchandise traffic from Asia seen by the largest U.S. railroad is any guide. Thomson Reuters' Same Store Sales Index, which tracks sales from stores open at least one year, indicates a 1 percent growth rate for the third quarter of 2017,...

  • NEW YORK, June 28- The head of the largest U.S. railroad said on Wednesday that based on conversations with officials from President Donald Trump's administration including Commerce Secretary Wilbur Ross, he is confident upcoming talks will result in a "more effective" North American Free Trade Agreement. Renegotiation of NAFTA was a key campaign promise of...

  • Richard Anderson, who spearheaded Delta's growth into the world's largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York City's Pennsylvania Station. The repairs, estimated to cost $30 million to $40 million over several years,...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • June 26- Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Apple is renting Lexus RX450h sport-utility vehicles from Hertz's Donlen fleet-management unit, according to the Bloomberg report, citing documents released recently by the California Department...

  • June 26- Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Apple is renting Lexus RX450h sport-utility vehicles from Hertz's Donlen fleet-management unit, according to the Bloomberg report, citing documents released recently by the California Department...

  • The leadership change comes as Amtrak's repair program at Penn Station in New York City is expected to cause major service disruptions this summer for commuters across the metropolitan region. A rift is growing between Amtrak, which owns Penn Station, and the two states that use most of the hub's track space, New York and New Jersey. During his tenure, Delta...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...