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UPDATE 2-Canadian Pacific’s 3rd-quarter profit beats estimates on shipments surge

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…

Cramer reveals the 10 ‘telltale signs’ that could prolong the sell-off

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…

Iowa Interstate Railroad orders new GE locomotives

The locomotives will be produced in early 2020. Photo – ge.com Iowa Interstate Railroad Ltd. (IAIS) will acquire three new Evolution Series locomotives from GE Transportation, the railroad announced yesterday.The locomotives will be produced in early 2020 and used to transport grains, ethanol, metals and other commodities across Iowa Interstate's network between Chicago and Omaha,…

Retailers applaud new trade agreement

Rail News Home Federal Legislation & Regulation 10/2/2018 Rail News: Federal Legislation & Regulation Retailers applaud new trade agreement The NRF will review the pact's details "to ensure it promotes U.S. economic growth and maintains access to the products American families need at the prices they can afford," said NRF President and CEO Matthew Shay.…

U.S. East Coast refiners cash in by the trainload on Canadian oil

NEW YORK/VANCOUVER, Oct 2 (Reuters) - U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is expected to accelerate, as prices will remain weak, with no new Canadian export pipelines expected until late 2019. Rail…

STB wants regular updates from UP as it phases in scheduled railroading

Rail News Home Federal Legislation & Regulation 9/21/2018 Rail News: Federal Legislation & Regulation STB wants regular updates from UP as it phases in scheduled railroading UP Chairman, President and CEO Lance Fritz Photo – up.com The Surface Transportation Board (STB) has asked Union Pacific Railroad senior management to hold weekly phone calls with the…

Denver’s RTD sued by commuter-rail developer

Rail News Home Federal Legislation & Regulation 9/21/2018 Rail News: Federal Legislation & Regulation Denver's RTD sued by commuter-rail developer RTD's University of Colorado A Line operates between Denver Union Station and Denver International Airport. Photo – Shutterstock The Regional Transportation District of Denver (RTD) has been sued by Denver Transit Partners (DTP), the consortium…