CSX
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Container
CSX chief outlines company’s changing mindset as e-commerce grows
CSX needs to be more proactive if wants to compete with trucks, CSX’s chief said.
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News
J.B. Hunt provides some optimism, less doom at investor conference
The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple…
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Container
CSX and Canadian National to form new intermodal service
CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to…
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Legal issues
DOT proposes $856 million for roads, rails, and ports
Ports receive 15% of grant program typically used for surface projects.
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Maritime
Maryland gets federal funding for rail-served tunnel
Maryland Governor Larry Hogan (R) said Maryland has received a $125 million federal grant that the state hopes will lead to an expanded rail tunnel…
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Container
South Carolina ports tapping rail and inland hubs more in 2019
The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port. …
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Company earnings
CSX lowers revenue outlook for 2019
“The present economic backdrop is one of the most puzzling I have experienced in my career.."
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Company earnings
CSX sees record second quarter operating ratio
Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.
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News
Weekly carloads provide more of the same…pain
Rail volumes were off again for the week ending June 29, 2019 with U.S. railroads reporting a 5.5 percent decline.
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Modes
U.S. rail volumes continue to drop
Year-to-date U.S. rail volumes fell again amid a loosening truck market, receding floodwaters in the Midwest and overall economic uncertainty.
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