Association Of American Railroads News
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No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
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Pipelines in North America spilled three times as much crude oil as trains for comparative distances over an eight-year period, the International Energy Agency said today in a study it based on U.S. Department of Transportation data.
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Railroads in the U.S. such as Union Pacific Corp. and Burlington Northern Santa Fe may be rolling past the record slump in coal volume as costlier natural gas and summer weather rekindle demand from the nation’s power plants.
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A rejection of the Keystone XL pipeline by President Barack Obama would push more of Canada’s $73 billion oil exports onto trains, which register almost three times more spills than pipelines.
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For all the debate over building the Keystone XL pipeline, the oil is moving without it.
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General Electric Co. and Caterpillar Inc., the world’s largest locomotive makers, are rushing to develop natural gas-powered models in a potential shift from diesel’s six decades as the fuel of choice for railroads.
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CSX Corp. and Norfolk Southern Corp., the two largest U.S. eastern railroads, topped analysts’ fourth-quarter profit estimates as gains in container cargoes helped counter sliding coal volumes.
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CSX Corp. and Norfolk Southern Corp., the two largest U.S. eastern railroads, placed among the 20 top gainers on the Standard & Poor’s 500 Index today after their fourth-quarter profits beat estimates.
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The following table details the number of freight carloads on major North American railroads for the week ended March 24 compared with the same week a year ago, according to the Association of American Railroads.
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Canadian stocks fell for the third time in four days as concern about Europe’s debt crisis overshadowed a rise in Canadian retail sales and better-than- estimated U.S. economic data.
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