OMAHA, Neb. (AP) — CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year. The Jacksonville, Florida-based railroad said Tuesday that if the tax cut benefit is included,…
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(Adds defense lawyer saying jury at an impasse in second paragraph, adds context) MONTREAL, Jan 16 (Reuters) - A Canadian judge on Tuesday told jurors to continue deliberations, despite their difficulty in reaching a verdict in the joint trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in…
(Adds details from the conference call, updates shares) Jan 16 (Reuters) - CSX Corp reported a bigger-than-expected drop in fourth-quarter revenue on Tuesday as the third-largest U.S. railroad lost some business due to service issues caused by former chief executive Hunter Harrison's turnaround plan. Harrison, a veteran railroader cherished by investors for leading turnarounds of…
LOMBARD, Ill., Jan 17 (Reuters) - Major U.S. railroads on Wednesday warned President Donald Trump of the potential financial and political consequences of scrapping the North American Free Trade Agreement and urged U.S., Mexican, and Canadian officials to find ways to modernize the accord. Trump has threatened to withdraw from the agreement, which is heavily…
(Adds executive remarks from conference call) Jan 18 (Reuters) - Canadian Pacific Railway Ltd said on Thursday it is weighing strategic deals to boost crude-by-rail shipments in 2018, after reporting fourth-quarter profit that beat analysts' estimates. Canada's second-largest railway said it expects revenue growth in the mid single digits this year, boosted by strong global…
(Adds analyst comment, paragraph 6) Jan 19 (Reuters) - Kansas City Southern, a U.S. railroad with extensive operations in Mexico, sought to ease investor fears on Friday over the future of the North American Free Trade Agreement, touting forecasts of solid freight volumes and a stronger economy in 2018. Uncertainty over NAFTA negotiations looms over…
Machine learning to customise journey planning 27 Dec 2017 UK: The University of Surrey has been awarded £230 000 from the Department for Transport through Innovate UK to create an onward journey planning assistant which would learn a user’s needs to enable it to offer tailored real-time alternative routes in the event of a delay to…
Amtrak launches New York Penn navigation app 27 Dec 2017 USA: Amtrak has launched FindYourWay, an iOS and Android app based on the Zyter platform which uses more than 400 beacons inside New York Penn station to provide real-time gate, train and boarding information as well as directions to gates, exits, cash machines and restaurants.…
Lighter and safer seats 28 Dec 2017 SEATS: Commuters at opposite sides of the USA are now sitting on BASF’s Basotect open cell melamine foam, which Rogers Corp is using in BART and Long Island Rail Road seat cushions. According to BASF, the foam’s density of less than 9 kg/m3 helps reduce the overall weight of…
Rail-specification ball valves developed 28 Dec 2017 VALVES: IMI Precision Engineering has developed a range of robust ball valves specially designed to meet rolling stock standards and to offer consistency across a temperature range between -40°C and +85°C. The range includes lever, latching or locking handles for on-board applications including door and step systems and…