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Posts published in “Railroad Legal News”

UPDATE 1-Canadian Pacific Railway misses profit estimates as costs rise

(Adds estimates, key metrics) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday, as the railroad operator's expenses rose. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on the most populated parts of the country, closing schools and paralyzing…

UPDATE 2-CP Railway profit misses as harsh winter raises costs

(Adds CFO comment, details on crude-by-rail) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday as the railroad operator spent heavily to combat a harsh winter that impacted its operations. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on…

RPT-COLUMN-U.S. economy hits soft patch, putting Fed on alert: Kemp

(Repeats April 18 column with no changes. John Kemp is a Reuters market analyst. The views expressed are his own) * Chartbook: https://tmsnrt.rs/2DkAtvP LONDON, April 18 (Reuters) - The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a…

UPDATE 1-Union Pacific quarterly profit beats estimates on price hikes

(Adds details on operating ratio, shares) April 18 (Reuters) - Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. Shares rose 2.7 percent to $173.80 premarket. Union Pacific's operating ratio, a…

UPDATE 1-Kansas City Southern Q1 profit beats expectations

(Adds details on teacher strikes, operations) April 17 (Reuters) - U.S. railroad operator Kansas City Southern on Wednesday reported a first-quarter profit that topped Wall Street's estimate, boosted by an increase in refined fuel and grain shipments to Mexico. Shares in the company, which gets one-third of its revenue from Mexico, jumped 2.6 percent to…

Full steam ahead for more Alberta crude by rail despite looming election

CALGARY, Alberta, April 1 (Reuters) - The Alberta government and oil transportation companies are pressing ahead with plans to move 120,000 barrels per day of crude by rail, ignoring threats to quash the deals from the man tipped to become the province's next premier. Latest polls show United Conservative Party leader Jason Kenney is on…

Two GOP bills seek to redirect funds from California bullet train project

The Trump administration is demanding federal funds back from California's high-speed rail project, and two GOP lawmakers from California have proposed redirecting the money.A bill introduced by House Minority Leader Kevin McCarthy would "repurpose" about $3.5 billion worth of federal funds for the rail system to water infrastructure projects.A second piece of legislation, by Rep.…