CSX is facing a class action lawsuit over the sulfur dioxide that was released into the air when a train derailed in eastern Kentucky the day before Thanksgiving.
Executives with CSX, Union Pacific and Norfolk Southern at recent investor conferences listed some of the ways they expect to improve rail service.
Members of the Brotherhood of Railroad Signalmen who work on CSX’s L&N property have ratified their sick leave agreement, CSX said.
The Brotherhood of Railroad Signalmen and Norfolk Southern, with technical input from the Federal Railroad Administration, will conduct a one-year pilot program to identify best safety practices.
Enabling information sharing between departments will help CSX not only cut costs but discover new business opportunities, COO Mike Cory said on the railway’s third-quarter earnings call.
Eastern U.S. Class I railroad said its third-quarter net profit fell 24% amid lower operating revenues.
Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.
Operations temporarily ceased in limited areas of CSX’s network as Hurricane Idalia swept through Florida and Georgia.
The National Transportation Safety Board will focus on employee training methods and industry practices on clearance as it continues its investigation of an Aug. 6 conductor trainee fatality at a Maryland CSX rail yard.
New York’s Port of Oswego on Lake Ontario has received a federal grant to upgrade port infrastructure and bolster export capacity.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
After two recent deaths of conductor trainees, CSX is recalling about 350 people to their home terminals for additional training.
CSX’s chief operating officer, Jamie Boychuk, will be leaving the company, while the Rail Customer Coalition wants President Joe Biden to renominate Surface Transportation Board Chairman Marty Oberman and board member Patrick Fuchs to the board.
BNSF has reached a sick leave and work-rest agreement with BLET; CSX and SMART-TD have partnered to extend CSX’s conductor trainee program.
Figuring out how to encourage more shippers to switch from truck to rail is not something that can be done overnight, executives said during CSX’s second-quarter 2023 earnings call.
Volume and pricing gains for CSX’s merchandise segment weren’t enough to offset a decline in intermodal volumes and falling export coal benchmark prices, CSX said.
Sites in Arizona, Alabama and elsewhere are being prepared to host rail-served industrial facilities.
Class I railroads CPKC and CSX are working together on developing CPKC’s conversion kits that can retrofit diesel locomotives into hydrogen locomotives.
Technology might not be the only thing causing the freight rail industry to pivot. The industry’s relationships with its workforce and its customers might also be transitioning, suggested some speakers at the North American Rail Shippers conference.
Fuels feedstock manufacturer Oleo-X has a new production facility on CSX’s network in Mississippi.
Union Pacific, BNSF and Norfolk Southern need to go further in improving rail service, according to a Surface Transportation Board decision requiring the railroads to submit service performance reports.
Union members working for CSX and CN said they have ratified labor agreements with their employers.
Service improvements at CSX come as headcount levels are at “a good number,” officials said during the company’s first-quarter 2022 earnings call.
CSX inks another sick leave deal with a union, Greenbrier releases some preliminary Q2 results and Norfolk Southern adds two executive roles to its marketing division.
Two groups within the International Association of Machinists and Brotherhood of Railway Carmen have reached sick leave agreements with eastern U.S. railroad CSX.
The International Association of Machinists and the National Conference of Firemen and Oilers have reached sick leave agreements with eastern U.S railroad CSX.
New sick leave policies are in place at CSX for maintenance-of-way employees and railway carmen.
Like the other Class I railroads, CSX is bracing for macroeconomic headwinds in 2023. But continuing service improvements will lend support to the company, executives said during CSX’s fourth-quarter earnings call.
In a Q&A, FreightWaves chats with Joseph R. Hinrichs, CSX’s incoming president and CEO, in the wake of the announcement that current CEO Jim Foote is retiring at the end of month.
Chicago-based on-demand freight marketplace closes on $200 million series D round.
CSX has appointed Kevin Boone as executive vice president of sales and marketing and has named Sean Pelkey as interim CFO. Mark Wallace, who was EVP of sales and marketing, will remain as an EVP as he undergoes cancer treatment.
U.S. Class I rail operations are seeking to return to normal, with intermodal terminals opening in the central and western U.S. But the overall network is experiencing delays in multiple locations.
Extreme cold and lots of snow in the Midwest and other areas could impact rail operations and cause delays, according to some railroads.
CSX’s tunnel widening plans are still moving forward; Canadian Pacific sees record grain volumes for January.
A train conductor in Georgia stopped a CSX train from hitting a homeless man on the tracks who was suffering from hypothermia.
Elevated numbers of CSX employees who contracted COVID-19 or are in quarantine have resulted in operational challenges to the railroad in the fourth quarter and into 2021.
CSX’s fourth-quarter net income slipped 1% to $760 million amid a 2% decline in revenue.
A towing vessel struck a CSX swing bridge near Slidell, Louisiana, very early Wednesday morning. Rail operations have since resumed at a reduced speed.
The National Transportation Safety Board is looking into the factors that may have contributed to a fatal accident at the Acca rail yard in Richmond, Virginia, in October.
The National Transportation Safety Board said the freight rail industry needs to reconsider where it places buffer cars on high-hazard flammable trains in order to reduce potential accident severity.
CSX is looking for customers interested in developing facilities at the 225-acre Columbia Tennessee Rail Site.
Train lengths, improving network velocity and coronavirus uncertainties are among the big themes expressed by Class I railroad executives at a recent investor conference.
The acquisition would add Maine, New Hampshire and Vermont to CSX’s 23-state network.
The facility aims to provide plastics producers with an alternative to the Gulf Coast.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
CSX and Union Pacific executives talk about their companies’ plans to grow the business.
The company is also eyeing opportunities to develop its real estate offerings and will bring on more assets to handle additional volumes, executives said during CSX’s third-quarter earnings call.
Intermodal traffic props up rail volumes and gains for retail sales; CSX, Union Pacific announce new appointments.
Just like its other Class I counterparts, CSX grappled with lower volumes year-over-year in the third quarter as the broader economy recovers from the COVID-19 pandemic.
An investigation is underway into a fatality that occurred last week at CSX’s Acca Yard in Richmond, Virginia.
Train vs. truck in collisions. Train always wins.
Two Class I railroads select members for their respective boards of directors.
Brad Hildebrand discussed Cargill’s reliance on dependable rail service during FreightWaves Last Mile Logistics Summit.
U.S. intermodal traffic continues upward trend; separately, Kansas City Southern reportedly rejects takeover bid.
Class I railroad crews will spend the next two days clearing downed trees and restoring electric power along tracks in southern Louisiana.
CSX expects the construction of two new intermodal terminals, one in North Carolina and the other in Ohio, to be completed in the first quarter of 2021.
Technology’s footprint in CSX’s operational, sustainability and safety practices was readily apparent, according to the company’s 2019 environmental, social and governance report.
Volumes have been recovering swiftly, but headwinds make it difficult to predict when pre-coronavirus levels will fully return.
The COVID-19 pandemic and a slumping economy dent CSX’s earnings.
Rail traffic continued to build through June. U.S. intermodal traffic was only off 5% year-over-year in week 26.
The executive vice president witnessed the implementation of PSR at a number of railroads over his 50-year career.
Like all industries, the coronavirus has impacted railroads. What should they be doing to gain market share and better serve their customers?
A better than expected first quarter yields to expectations that a recovery may not occur until June. Some of Schneider’s customers are starting up again, but demand in May will likely be choppy.
o hedge against rail volume uncertainty in the second quarter, CSX aims to control costs.
CSX’s (NASDAQ: CSX) first-quarter net profit fell 7.7% amid lower revenues and a record operating ratio. First-quarter 2020 net income was $770 million, or $1 a share, compared with $834 million, or $1.02 a share in the first quarter of 2019, the company said Wednesday. Meanwhile, CSX’s first-quarter operating ratio was a record 58.7%, compared […]
U.S. logistics real estate operator announces it has reached the 100 million euro cap for its European logistics fund.
The railroads say the coronavirus pandemic could influence their financial results in 2020, but how deep that impact will be will depend on how long the pandemic lasts.
The three Class I railroads have set or will set targets as part of their involvement in a global initiative.
The railroad installed its first-ever train inspection portal southeast of its largest hump yard in Georgia last December.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.
Net earnings fell 8.5% in the fourth quarter of 2019 compared with the same period a year ago.
Jim Blaze profiles TTX, a company that is essential to the railroad industry.
CSX and passenger and commuter rail share the same railroad track between Washington, D.C. and Richmond. Investments to the corridor south of Washington, D.C. would change that.
Market Expert Michael Baudendistel writes about rail intermodal volume is lower for the long-term, or can it be more competitive with trucking.
Several management teams from North America’s largest Class I railroads were on hand to discuss current demand, their networks and the future at the Credit Suisse 7th Annual Industrials Conference.
Jim Blaze writes about Conrail Shared Assets and its accomplishments on behalf of CSX and Norfolk Southern.
Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.
The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.
Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third quarter earnings season approaches.
Excerpt: The companies promote and assign new roles to longstanding employees.
Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
Executives at North America’s major railroads are making the case that intermodal service will be more reliable and consistent after a year of major service changes. This comes as weakness in the industrial economy makes consumer-driven freight more important than ever to the railroads. Collectively known as precision scheduled railroading, the efficiency drives have made […]
The Port of Savannah’s expansion plans will benefit shippers — so long as infrastructure needs outside the port are met.
Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.
“The present economic backdrop is one of the most puzzling I have experienced in my career..”
The Port of Savannah aims to boost its market share of freight moving into the U.S. Midwest, saying it offers a cheaper way into the Gateway of the West than the West Coast gateways. To that end, the Georgia Ports Authority (GPA) said on May 31 that it is forming a partnership with the St. […]
Human Rights Campaign survey shows most, least LGBTQ-friendly companies
Although a full reveal of its strategy was not part of the conference call, the discussion of the “clean sheets” program shows that Norfolk Southern has undertaken a review of its operations on its way to how much of the precision railroading model it will adopt.
The lawsuit asserts that water “poured in through a gap in city levees,” and it says the gap was created by a railway underpass owned by CSX.
