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…
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(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…
Shift2Rail publishes 2019 call for proposals 16 Jan 2019 EUROPE: The Shift2Rail Joint Undertaking issued its 2019 call for proposals on January 16, with €77m of co-funding available to support railway research & innovation projects expected to have a total value of €150m. S2R is funded as part of the European Union’s Horizon 2020 programme.…
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,…
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…
Wheelchair ramp on test 15 Jan 2019 UK: Greater Anglia has worked with design consultancy Trainways and manufacturer Portaramp to test a prototype wheelchair ramp, ahead of the entry into service of its new fleets of Bombardier Transportation and Stadler trainsets. Testing included consultation with people with assistance animals to ensure the ramp meets a…
(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…
Rail News Home Federal Legislation & Regulation 1/11/2019 Rail News: Federal Legislation & Regulation Rhode Island business park awarded grant for freight-rail project Rail-car volume in the Quonset Business Park has tripled since 2007. Photo – Quonset Development Corp. A $3 million federal grant has been awarded to help support Quonset Development Corp.'s (QDC) freight-rail…
Competitive Freight Wagon deployment to be planned 11 Jan 2019 EUROPE: Wagon leasing company Ermewa is to draw up a deployment concept for innovative wagons to support the business case for investment in vehicles which are being developed under the Competitive Freight Wagon research initiative. Backed by the EU Shift2Rail research programme, the Competitive Freight…
(John Kemp is a Reuters market analyst. The views expressed are his own) * 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…