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Posts published in “Railroad Legal News”

Congress names transportation committee leaders

Rail News Home Federal Legislation & Regulation 1/14/2019 Rail News: Federal Legislation & Regulation Congress names transportation committee leaders The U.S. House and Senate have established their committee and subcommittee leadership for the 116th Congress, including those related to transportation.In the House, U.S. Rep. Sam Graves (R-Mo.) will serve as the ranking member of the…

CP ‘takes exception’ to government probe into Vancouver rail service issues

Rail News Home Federal Legislation & Regulation 1/15/2019 Rail News: Federal Legislation & Regulation CP 'takes exception' to government probe into Vancouver rail service issues Canadian Pacific executives are taking issue with a Canadian Transportation Agency (CTA) plan to include the Class I in a far-reaching investigation into possible freight-rail service problems in the Vancouver,…

House leader names transportation subcommittee ranking members

Rail News Home Federal Legislation & Regulation 1/18/2019 Rail News: Federal Legislation & Regulation House leader names transportation subcommittee ranking members House Transportation and Infrastructure Committee Ranking Member Sam Graves (R-Mo.) yesterday announced the ranking members of the panel’s six subcommittees for the 116th Congress. The ranking members and their subcommittees will be Rep. Rick…

House leader names transportation subcommittee ranking members

Rail News Home Federal Legislation & Regulation 1/18/2019 Rail News: Federal Legislation & Regulation House leader names transportation subcommittee ranking members House Transportation and Infrastructure Committee Ranking Member Sam Graves (R-Mo.) yesterday announced the ranking members of the panel’s six subcommittees for the 116th Congress. The ranking members and their subcommittees will be Rep. Rick…

CSX shares fall after the railroad operator forecast less robust revenue growth for 2019

CSX on Wednesday reported quarterly profit that topped Wall Street's expectations.Shares fell 2 percent, however, after the No. 3 railroad operator forecast less robust revenue growth for 2019.CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Luke Sharrett | Bloomberg | Getty Images A CSX coal train…

UPDATE 1-CSX beats profit forecast, but stock down on outlook

(Adds details on results, forecasts, company comment) LOS ANGELES, Jan 16 (Reuters) - CSX Corp on Wednesday reported quarterly profit that topped Wall Street's view, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. Cooling economies in Asia and Europe are roiling global stock markets and…

CP ‘takes exception’ to government probe into Vancouver rail service issues

Rail News Home Federal Legislation & Regulation 1/15/2019 Rail News: Federal Legislation & Regulation CP 'takes exception' to government probe into Vancouver rail service issues Canadian Pacific executives are taking issue with a Canadian Transportation Agency (CTA) plan to include the Class I in a far-reaching investigation into possible freight-rail service problems in the Vancouver,…

Congress names transportation committee leaders

Rail News Home Federal Legislation & Regulation 1/14/2019 Rail News: Federal Legislation & Regulation Congress names transportation committee leaders The U.S. House and Senate have established their committee and subcommittee leadership for the 116th Congress, including those related to transportation.In the House, U.S. Rep. Sam Graves (R-Mo.) will serve as the ranking member of the…

RPT-COLUMN-Diesel futures point to economic slowdown in 2019: Kemp

(Repeats column that ran on Friday, with no changes) * Chartbook: https://tmsnrt.rs/2HjMiXV LONDON, Jan 11 (Reuters) - By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession. Most middle distillate fuels such as diesel, gasoil…