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Does the selloff in transport stocks provide an opportunity for investors?
This year’s Great American Trucking Show may not seem like the typical venue for investment advice, but America’s transports are an important economic gauge.
Two U.S. trains slipped off their routes on Thursday, two days after a deadly Amtrak accident near Philadelphia, according to reports. Parts of a freight train derailed in Pittsburgh on Thursday morning, leaving some cars overturned or detached from their wheels, according to local station WPXI. No injuries were immediately reported. A minor derailment also …
Eamon Javers has the latest details on the deadly Amtrak train crash outside out Philadelphia.
Following the fatal Amtrak derailment north of Philadelphia, travelers are facing a transportation headache getting between Philadelphia and New York along the Northeast Corridotr. No Amtrak trains are running between New York and Philadelphia after a train derailed north of Philadelphia, killing six people and injuring at least scores more. Amtrak is currently offering modified …
The Insurance Institute for Highway Safety conducted new crash tests that are raising questions about the safety of some of the most popular midsize SUVs.
The world’s first autonomous 18-wheeler is getting down to business. At a ceremony at the Las Vegas Motor Speedway on Tuesday, Gov. Brian Sandoval handed over an official Nevada license plate for use by a new Freightliner Inspiration Truck on public roads. Though a human “driver” will need to sit behind the wheel in case …
Regulators announced new train safety rules following numerous spills and explosions. Morgan Brennan tells us the possible implications for business.
As California’s four-year drought worsens and water supplies dwindle in the state, an old technology—railroads—could play a role in alleviating some water shortages. “We certainly have that capability today,” said Mike Trevino, a spokesman for privately held BNSF Railway, which operates one of the largest freight railroad networks in North America. “We carry chlorine, for …
There are two very different earnings stories going on in the transportation sector. Morgan Brennan explains.
Want to save money on gasoline? Take the bus—if you can find one. A study of consumer spending by the U.S. Energy Information Administration released Monday finds that households in areas of the country with mass transit systems spend significantly less on gasoline than areas without public transit. Drivers in the South—where relatively few cities …
More goods are moving by rail and that’s causing a big headache on the tracks. As Morgan Brennan reports, companies are making big investments to fix the problem.
One mode of transportation, used by a wide variety of industries and companies, is growing at a faster pace than all others.
This story is developing. Please check back for further updates. Delta flight 1086 from Atlanta to LaGuardia Airport slid off the runway when landing Thursday morning, according to a Federal Aviation Administration official. According to that official, the plane is a McDonnell Douglas MD-88. LaGuardia Airport was closed immediately after the incident occurred. The FAA …
West Coast docks are paralyzed as employers and longshoremen continued to spat about contracts and congestion problems. There are plenty of losers. Exporters, like farmers and ranchers, can’t get their perishables to Asian markets during the Lunar New Year when demand for fruit and meat is particularly high. And importers large and small are beginning to …