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Tag: railroads
Shipper Groups, Railroads at Odds Over Rules Regarding Railroads' Revenue-Adequate Status
2015-07-28 16:37:08| Railroads - Topix.net
Testimony presented during a hearing last week on whether railroads should be able to continue to differentially price rail service to captive shippers once they reach revenue-adequate status showed a wide divide between railroads and shipper groups on the issue. Newly reinstated Surface Transportation Board Chairman, Dan Elliot, opened the two-day public hearing by stating, "We are in the midst of a rail renaissance."
Tags: status
groups
rules
odds
Friday Sector Leaders: Shipping, Railroads
2015-07-18 11:54:15| Railroads - Topix.net
In trading on Friday, shipping shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of Star Bulk Carriers , up about 9.9% and shares of Navios Maritime Holdings up about 7.4% on the day.
Tags: shipping
friday
sector
leaders
Who Says Low Energy Prices Are Bad For Railroads?
2015-07-15 10:28:50| Railroads - Topix.net
Shares of CSX popped up after the market closed in response to the company reporting weaker quarterly results but strong earnings growth year-over-year. Despite the fact that investors are worrying about the energy market, profits rose thanks to substantial drop in the cost of fuel for the business.
North American railroads bet on US consumers for a lift
2015-07-14 18:53:10| Railroads - Topix.net
North American railroads are pinning their hopes for a second-half recovery on American shoppers as they prepare to release what analysts expect will be dreary second-quarter results. A CSX coal train moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012.
Tags: north
american
consumers
bet
Lawsuits challenge railroad's authority to OK oil pipeline
2015-07-03 18:22:59| Railroads - Topix.net
The U.S. government began handing out land to railroads to encourage their development more than 150 years ago, but there are still questions about how much control those companies have over the land. Union Pacific is facing several lawsuits related to whether a railroad it acquired years ago had the authority to allow an oil pipeline to be built along its tracks in six states and who is entitled to the royalties that are now worth more than $14 million a year.
Tags: oil
authority
challenge
pipeline
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