OTTAWA, April 30 (Reuters) - Canada's sluggish economy unexpectedly shrank in February as bad weather hurt rail shipments of key commodities, Statistics Canada said on Tuesday, but analysts predicted a modest recovery in March. Statscan said February gross domestic product fell by 0.1 percent. Analysts in a Reuters poll had expected no change from January,…
Posts published in April 2019
(Compares with estimates, adds first-quarter details, share move) April 29 (Reuters) - Canadian National Railway Co reported a 6 percent rise in quarterly profit on Monday, as it transported higher volumes of petroleum and chemical products. U,S,-listed shares of the company rose 2.1 percent in after-hours trading. The company's net income rose to C$786 million,…
(Adds CEO quote, comment from analyst call, background) April 29 (Reuters) - Canadian National Railway Co on Monday became the latest railroad operator to blame higher operating expenses due to prolonged extreme cold weather for a lower-than-expected quarterly profit. Rail traffic in Canada was dented by a severe winter, forcing rail operators to cease work.…
Aventra EMU cybersecurity assessed 29 Apr 2019 UK: Ricardo and Roke Manor Research are working with Bombardier Transportation’s in-house teams to produce a full appraisal of the digital security risk profile of Aventra electric multiple-units, looking at their exposure to a range of possible threats from espionage to remote hacking. This is intended to provide…
Norfolk Southern releases mobile app for shippers 28 Apr 2019 USA: Norfolk Southern has released a mobile app for iOS and Android which provides access to data available in its AccessNS desktop e-commerce portal. The railway’s customers can manage inventory, track real-time movements, add important shipments to a watchlist for priority visibility, search for specific…
Station Access Map aims to facilitate independent travel 27 Apr 2019 UK: An ‘Access Map’ has been launched to provide rail users with information about accessibility at stations. This includes whether stations have step free or partial step free access; what facilities are available, including accessible toilets and changing places, and alternative accessible stations. Developed…
Brazilian locomotives fitted with Saft batteries 26 Apr 2019 BRAZIL: Battery systems from Saft are being fitted to 58 GE Transportation locomotives used by freight operator MRS Logística. The 64 V batteries will provide power to start the 16-cylinder engines up to 14 times a day. They are based on Saft’s SRX190 FR-PP or SRX1900P…
RailComm wins Savannah yard automation contract 24 Apr 2019 USA: The Georgia Ports Authority has selected RailComm to provide a yard management system to support the expansion of rail facilities at the Port of Savannah. This forms part of the Savannah Harbor Expansion Project to equip the port to handle the larger container ships which…
(Adds CFO comment, details on crude-by-rail) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday as the railroad operator spent heavily to combat a harsh winter that impacted its operations. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on…
(Adds estimates, key metrics) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday, as the railroad operator's expenses rose. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on the most populated parts of the country, closing schools and paralyzing…