The U.S. Supreme Court agreed to rule on the constitutionality of a federal law that lets Amtrak help set on-time performance standards that can lead to penalties against freight railroads.
Bakken crude in the Midwest strengthened to the highest level in more than seven weeks as fighting in Iraq bolstered waterborne prices, creating more demand for oil from the middle of the U.S.
California’s government agencies aren’t ready to handle the safety risks accompanying a boom in oil shipments by train, the state said in a report this week.
The rail-truck industry is poised for a second-quarter rebound after harsh weather caused a decline in shipments.
BNSF Railway Co., the carrier owned by Warren Buffett’s Berkshire Hathaway Inc., expects U.S. regulators to match Canada’s plan for phasing out older tank cars used to carry crude oil.