Rail News Home Federal Legislation & Regulation 10/18/2018 Rail News: Federal Legislation & Regulation FRA's Batory meets with PTC system suppliers Batory met with the suppliers to better understand the critical supply chain and supply industry's capacity to support the installation and testing requirements. Photo – FRA Federal Railroad Administrator Ronald Batory yesterday completed a…
Posts published in October 2018
Rail News Home Federal Legislation & Regulation 10/17/2018 Rail News: Federal Legislation & Regulation Schumer wants railroads to notify locals when transporting hazmat The senator called on the railroads to expand their notification system to include more examples of "incredibly dangerous materials." Photo – Schumer's office U.S. Sen. Charles Schumer (D-N.Y.) this week called on…
CNBC's Jim Cramer ranks the most investable stocks in the industrial space, which includes railroad operators, manufacturers and aerospace plays. Among the "Mad Money" host's favorites are Union Pacific, Boeing and Textron. show chapters Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing 4 Hours Ago | 11:36 Disclosure: Cramer's…
CSX on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast.The No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight.Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv…
(Adds revenue forecast, impact of Hurricane Florence, CEO comment) Oct 16 (Reuters) - CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Shares in CSX, which forecast 2018 revenue…
The centerbeams are being manufactured at National Steel's plant in Hamilton, Ontario. Photo – cn.ca CN has begun to roll out the first of its new centerbeam rail cars ordered earlier this year from National Steel Car Ltd.CN received the first of 350 new centerbeams in August. The new builds are 73-foot riserless centerbeams with…
CNBC's Jim Cramer flags the ways the stock market could continue its broad-based sell-off. The "Mad Money" host says the decline was "long overdue," but warns investors not to jump the gun.It's best to wait until these 10 things happen before buying, Cramer says. show chapters Cramer reveals the 10 'telltale signs' that could prolong…
surge@ (Adds CEO comment, share price) Oct 4 (Reuters) - Canadian Pacific Railway Ltd's third-quarter profit beat Wall Street expectations on a surge in shipments, prompting it to raise its full-year earnings forecast, Canada's No.2 railroad operator said on Thursday. Rail capacity in Canada has been tight as rising crude production outstrips pipeline capacity and…
