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Transportation Road and Rail

  • PASSENGER RAIL SYSTEM AMTRAK NAMES FORMER DELTA AIR LINES CEO RICHARD ANDERSON AS PRESIDENT AND NEXT CHIEF EXECUTIVE.

  • SAN FRANCISCO, June 15- Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700- billion industry. The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete...

  • BOLTON, Ontario, June 9- A visit to trucking firm Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months. Nestled in an industrial area some 50 kilometers north of Toronto, the trucker is an early adopter of a new BlackBerry fleet-tracking service known as Radar, which uses...

  • Scott Pattison, National Governors Association CEO and executive director, shares his expectations on President Trump's infrastructure summit at the White House.

  • DETROIT, June 7- Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co. From its San Francisco base, Canvas started offering variable-term leases with flexible payment options to Bay area customers...

  • June 7- Navistar International Corp posted a quarterly loss, compared with a year-ago profit, partly due to a $60 million charge related to used-truck inventories and said it expected overall market conditions to improve in the second half. Revenue in Navistar's truck business, its biggest, fell 5.5 percent to $1.40 billion in the second quarter ended April 30.

  • Donald Trump

    Jeffrey DeBoer, The Real Estate Roundtable, talks about President Trump's plan to rebuild America and how the country can pay for it. There are a lot of companies that want to invest in infrastructure, says DeBoer.

  • NEW YORK, June 5- CSX Corp. shareholders approved a proposal on Monday to reimburse an activist investor, Mantle Ridge Partners LP, $84 million for arranging the hiring of new Chief Executive Hunter Harrison. CSX, based in Jacksonville, Florida, is a $50 billion company that runs a 21,000 mile freight rail network along the U.S. east coast. The New York- based hedge...

  • We're making infrastructure bets now: Emerson Electric CEO

    David Farr, Emerson Electric chairman and CEO, and Jay Timmons, National Association of Manufacturers, share their thoughts on the benefits of infrastructure funding and the draw for foreign investors.

  • Congress needs to create a recipe for success on instrastructure: Jay Timmons

    David Farr, Emerson Electric chairman and CEO, Jay Timmons, National Association of Manufacturers, talk about the need to form bipartisan agreement on rebuilding America's crumbling infrastructure.

  • NEW YORK, May 30- Amtrak said on Tuesday that it would cancel three round-trip trains every weekday between New York and Washington, D.C., when it starts major repairs this summer at New York's Pennsylvania Station. In what New York Governor Andrew Cuomo dubbed the "summer of agony," major disruptions are expected for riders as Amtrak replaces switches and rails in...

  • MONTREAL/ OTTAWA, May 29- Canadian National Railway Co on Monday said it had reached a tentative agreement with a union representing 3,000 conductors, ahead of a looming strike deadline at Canada's largest railroad. The details of the deal were being withheld pending ratification by Teamsters Canada Rail Conference members, CN said. Teamsters Canada Rail...

  • MONTREAL/ OTTAWA, May 29- Canadian National Railway Co and a union representing 3,000 conductors on Monday reached an agreement in principle ahead of a looming strike deadline at Canada's largest railroad, said a top union official. "They are working on the final language," Teamsters Canada Rail Conference president Doug Finnson said by telephone.

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage business. Freight Management Association of Canada wrote to Labour Minister Patty Hajdu on Sunday asking her to impose binding arbitration to...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage business. Freight Management Association of Canada wrote to Labour Minister Patty Hajdu on Sunday asking her to impose binding arbitration to...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage their businesses. Freight Management Association of Canada, which represents agriculture, mining, forest products and other sectors, wrote to...

  • LONDON, May 25- U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.. Freight movements hit a new record in February, before slipping slightly in March, according to the U.S. Bureau of Transportation Statistics. The ratio of business inventories to sales climbed from 1.28 in January...

  • Gov. Cuomo: Penn Station is 'literally crumbling'

    We are paying the price for ignoring infrastructure funding, says Gov. Andrew Cuomo, (D-N.Y.), talking about the need to address massive structural problems at Penn Station and Amtrak.

  • TORONTO, May 18- The Canada Pension Plan Investment Board, one of the world's biggest infrastructure investors, is regularly losing out in bidding wars for such assets, its chief executive said, as investors seek alternatives to low-yielding government bonds. The CPPIB is one of the world's biggest investors in infrastructure such as roads, bridges and tunnels,...

  • SAN FRANCISCO, May 18- Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion- a-year sector that has long relied on pencil and paper. San Francisco- based startup KeepTruckin said on Thursday it raised $18 million in a...