Hinrichs out as CSX CEO
CSX named Steve Angel as CEO, succeeding former Ford executive Joe Hinrichs as leader of the eastern railroad.
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
Keep up with the latest news, trends and reports concerning rail freight transport here!
CSX named Steve Angel as CEO, succeeding former Ford executive Joe Hinrichs as leader of the eastern railroad.
With a new CEO, Ancora Holdings says CSX is now positioned to seek out a merger of its own.
Surface Transportation Board wants longer timeline to review proposed tie-up that would create first transcontinental railroad.
CSX has officially opened the Howard Street Tunnel after a clearance project that will boost container volume at the Port of Baltimore.
Intermodal containers and trailers led a down week for U.S. rail freight, according to AAR data.
History suggests a trade of job guarantees for union support of a UP-NS merger might not be all it seems.
The biggest rail union backs a transcontinental merger proposal after winning job protections from UP, NS.
No injuries were reported after a natural gas pipeline exploded in southeast Wyoming, temporarily blocking one of Union Pacific’s busiest rail routes.
CSX’s Blue Ridge Subdivision, damaged by Hurricane Helene, hosts its first revenue freight train after reconstruction.
President Donald Trump said that the proposed merger of Union Pacific and Norfolk Southern forming the first U.S. transcontinental railroad “sounds good to me.”
Utah’s first new short line railroad in more than a century opened Wednesday west of Salt Lake City.
Chemical and automotive shipments led gainers as U.S. rail freight remained ahead of 2024 traffic.
Short line railroad operator Watco will deploy the battery-electric railcars manufactured by technology startup Intramotev.
The Ports of Los Angeles-Long Beach managed near-record cargo volumes while maintaining fluidity across marine terminals, as dwell times for truck and rail-bound containers fell in August.
A coalition of rail shippers warns regulators that the proposed Union Pacific-Norfolk Southern merger will hurt service and raise costs.
CSX CEO Joe Hinrichs states that railroads’ focus on profit margins over growth has led to stagnant traffic levels.
Following similar interline moves by competing railroads, merger partners Union Pacific and Norfolk Southern have introduced an array of new domestic intermodal services.
China’s move to cut U.S. soybean purchases in favor of South America could trigger widespread job losses and strain supply chains.
Union Pacific CEO in Oval Office visit urged President Trump to deploy National Guard troops in Memphis and St. Louis.
Forest products and automotive shipments led a narrow slate of winners amid overall lower U.S. rail freight in the latest week’s data.