CSX has laid off about 5% of its non-union employees and furloughed dozens of train crewmen.
Union Pacific and Norfolk Southern urged federal regulators to reject what they claim are efforts by rival railroads to delay the merger process.
CSX’s new CEO won’t be flying the company jet.
J.B. Hunt Transport Services declined to take a stab at what next year holds at an investor conference this week, but did emphasize that it’s “set up to win” regardless of what the new year brings.
Collaboration has been driving recent success for U.S. railroads, according to BNSF, and controversial plans for a transcontinental merger are unlikely to benefit shippers, or the rail industry.
Canadian Pacific Kansas City profits increased in the third quarter on higher freight volume and revenue despite economic uncertainty and trade tensions.
Year-over-year rail volume growth is fading.
New CSX chief Steve Angel has named new leadership of the railroad’s finance and commercial units.
Norfolk Southern’s Q3 revenue fell despite efficiency, service and safety gains, as well as increased competition from BNSF and CSX.
CSX third quarter were dragged down by declining coal shipments that outweighed higher intermodal traffic.
CSX reported third quarter adjusted net earnings of $818 million, or $0.44 per share, beating forecasts of $0.42 for the eastern railroad operator.
BNSF Railway states that Union Pacific’s deal to acquire Norfolk Southern will hurt rail competition, increase rates, reduce service, and likely lead to operational issues.
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.
CSX has officially opened the Howard Street Tunnel after a clearance project that will boost container volume at the Port of Baltimore.
CSX’s Blue Ridge Subdivision, damaged by Hurricane Helene, hosts its first revenue freight train after reconstruction.
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.
CN and CSX advocate cooperation over mergers to shift freight from highway to rail, citing seamless service and efficiency.
Union Pacific and Norfolk Southern argue rival interline alliances prove their proposed merger enhances railroad competition.
Canadian National and CSX are collaborating on direct intermodal service from the West Coast of Canada to the heart of the U.S. Mid-south region.
Canadian Pacific Kansas City CEO Keith Creel again said his company would pursue alliances rather than near-term consolidation.
Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX.
BNSF Railway and CSX said they will partner on seamless coast-to-coast rail service, just weeks after Union Pacific and Norfolk Southern proposed their own transcontinental merger.
Ancora wants CSX to focus on maximizing shareholder value at a critical moment.
While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.
Goldman Sachs is reportedly advising CSX on merger options after Union Pacific said that it would acquire Norfolk Southern.
The activist investor that helped spur the historic Union Pacific-Norfolk Southern deal is building a position in CSX.
Canadian National, one of two transcontinental railroads in Canada, expressed support for the proposed coast-to-coast merger of Union Pacific and Norfolk Southern.
Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.
Profits at CSX fell in the second quarter as weaker merchandise traffic outweighed improvement in intermodal volumes.
CSX said weaker coal, merchandise traffic hit second quarter profit despite higher pricing and intermodal volume.
A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder.
Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.
In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.
Intermodal, coal, and grains are driving Class I railroad traffic higher.
CSX has eliminated 125 mostly management positions, including dozens at its headquarters in Jacksonville, Fla.
A federal appeals court has thrown out a rule that gave shippers with poor rail service access to a second railroad.
Intermodal helped make CPKC the fastest-growing railroad in the second quarter.
That light at the end of the rail merger tunnel is becoming an oncoming investment express.
The Federal Railroad Administration has determined that gantry cranes for a Montgomery intermodal facility meet the agency’s Buy America exemption.
BNSF and CSX hauled a trainload of tanks and other military equipment to Washington for the Army’s 250th birthday parade.
CSX’s on-time performance in May, measured by trip plan compliance for intermodal and carload shipments, returned to December levels.
History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.
Intermodal volumes so far seem to be dodging the “air pocket” expected in the wake of steep tariffs on goods from China.
Railroad executives told an investors conference that future mergers face likely insurmountable regulatory hurdles.
Cross-border tensions are moderating Canadian National’s outlook, but its CEO still expects around 3% growth in freight volumes this year.
Talk of mergers is making the rounds of Class I railroads as a way to kick-start growth and take advantage of a business-friendly Trump administration.
Rebuilding after hurricane damage and rerouting around a Baltimore tunnel project cost CSX a million dollars a day in lost revenue in the first quarter, a company executive told an investor conference.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
The U.S. Supreme Court declined to hear a CSX appeal regarding an antitrust suit over access to Norfolk International Terminals.
Congestion hurt volumes and revenue in CSX’s first quarter.
Railroad stocks dropped after President Trump’s announcement Wednesday of tariffs on U.S. trading partners.
Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.
Port fees on Chinese ships are aimed at boosting U.S. shipbuilding but could have follow-on effects for intermodal traffic, too.
The Surface Transportation Board will examine a proposal by Norfolk Southern for formal control of Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX is detouring well over a dozen trains daily now that the Howard Street Tunnel project is underway in Baltimore.
CSX is using fewer trains to move more tonnage in 2025, CFO Sean Pelkey said.
Investors’ overreaction to seasonal volatility may represent a buying opportunity, Citi says.
Norfolk Southern said it is not out of the ordinary for the Justice Department to look into a case involving antitrust allegations by fellow Class I railroad CSX.
The Justice Department is investigating Norfolk Southern and Virginia terminal railroad Norfolk & Portsmouth Belt Line for alleged anticompetitive conduct against CSX.
CSX announced that members of the International Association of Machinists and Aerospace Workers ratified a new five-year agreement.
The early-year supply chain lull swept rail freight in the latest carload data from the Association of American Railroads.
The Port of Baltimore saw its second-best year for cargo, as it continued to recover from the Key Bridge disaster.
Railroads are weighing the uncertainty of President Trump’s proposed tariffs and foresee a moderate cross-border impact, executives told an investor conference.
Union Pacific might be running the smoothest rail network.
U.S. rail traffic has risen for the fifth time in the first six weeks of 2025.
CSX has reopened part of its Clinchfield Railroad through western North Carolina that was damaged by Hurricane Helene in September 2024.
CSX on Monday named former Surface Transportation Board Chair Ann Begeman to its board of directors. Separately, Norfolk Southern (NYSE: NSC) appointed former Celanese Chief Executive Lori J. Ryerkerk to its board, a move made after a search process that was a part of an agreement with activist investor Ancora Holdings. “Ann brings a wealth […]
Declines in coal and fuel surcharge revenue hit CSX profits in the fourth quarter.
CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period. Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]
U.S. rail traffic showed a massive jump for the week ending Jan. 18, 2025, with both carload and intermodal traffic up more than 25% from the same week a year earlier. Statistics from the Association of American Railroads show overall traffic for the week was 500,160 carloads and intermodal units, a 25.9% increase. That included […]
Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.
Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 was 421,410 carloads and intermodal units, a 1% increase over the first week a year ago. That included 198,500 carloads, down 4.6%, and 222,910 containers […]
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
A union contends that the federal government would be subsidizing job elimination if it approves a Buy America waiver for an Alabama intermodal project.
U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.
Class I freight railroad CSX has appealed to the U.S. Supreme Court to continue its antitrust lawsuit against Norfolk Southern.
Schneider National announced it will begin an intermodal service connecting Mexico and Texas with the U.S. Southeast next month.
The Alabama Port Authority has begun the fourth phase of its $104 million container terminal expansion project at the Port of Mobile.
CSX Transportation has reached new tentative five-year deals with the International Brotherhood of Electrical Workers and the National Conference of Firemen & Oilers. The railroad also announced ratification of an agreement with yardmasters represented by the International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division.
The Securities and Exchange Commission has subpoenaed CSX Corp. regarding misstatements in previously financial reports, CSX said in its latest quarterly filing with the government agency.
Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Alabama.
CSX Corp. reported third-quarter operating income of $1.35 billion with net earnings of $894 million, or 46 cents per diluted share, in financial results announced Wednesday.
OSHA has warned CSX against retaliating against employees who raise safety concerns.
U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.
In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.
Rail’s lower shipping costs and reduced carbon emissions often come at the expense of reliability and service. CSX is committed to changing that.
Eastern railroad CSX said it had come to tentative agreements with seven more unions ahead of scheduled collective bargaining, just days after it announced five early deals with unionized workers.
Natron Energy plans to build the first U.S. sodium ion battery plant, thanks to investment by the state-owned rail corridor and other public/private economic development organizations.
Eastern U.S. railroad operator CSX has reached a deal with several of its unions well before a deadline.
Construction continues on a Chicago bridge project designed to reduce delays and improve flow by untangling freight and passenger rail lines.
New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight.
Hauling autos into Baltimore is a big business that is going to scale back dramatically in coming weeks and months.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
