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CSX: US Railroads Face 'Recession' as Commodity Prices Plunge

2016-01-15 15:58:30| Railroads - Topix.net

The U.S. freight rail system is suffering from its own industry "recession" as rail cargo volumes tumble amid plunging commodity prices, CSX Corp. Chief Executive Michael Ward warned. CSX recently said it expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.

Tags: prices face commodity railroads

 

This Year's Worst Commodity Is One You Probably Can't Pronounce

2015-12-18 15:06:20| Oil & Gas - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. An obscure metal used to make steel has become this year's worst-performing commodity, after China's stumbling economy and a collapse in the energy industry drove outsized losses.

Tags: you years probably worst

 
 

This Year's Worst Commodity Is One You Probably Can't Pronounce

2015-12-18 09:59:10| Energy - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. An obscure metal used to make steel has become this year's worst-performing commodity, after China's stumbling economy and a collapse in the energy industry drove outsized losses.

Tags: you years probably worst

 

U.S. Stocks Decline After Rally as Commodity Shares Lead Retreat

2015-12-18 04:48:42| Agriculture - Topix.net

U.S. stocks declined following the Standard & Poor's 500 Index's longest winning streak since October, as investors moved past the Federal Reserve's interest-rate increase and returned their focus to weakness in commodities and prospects for global growth. A stronger dollar in the wake of the Fed's move weighed on energy and raw-material shares, as crude tumbled below $35 a barrel.

Tags: lead shares stocks decline

 

Oil prices remain steady as Chinas commodity imports increase

2015-12-08 01:00:00| Offshore Technology

Oil prices which saw a drop about 5% on Monday remained steady on Tuesday backed by strong commodity import data from China despite economic weakness.

Tags: increase prices remain oil

 

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