Five takeaways on the precedent-setting Surface Transportation Board proceeding that could define how U.S. freight railroads navigate requests to expand passenger rail service on freight rail networks.
Two rail unions have sent a letter to Transportation Secretary Pete Buttigieg and Labor Secretary Martin Walsh criticizing the attendance policies of BNSF and other Class I railroads.
Paul Titterton will become president of GATX’s Rail North America division and Scott Pelkey has assumed the role of CFO of CSX.
The investments rely on expectations that customers will want easy or green access to railroads’ intermodal offerings.
CSX has been hiring more aggressively not only to meet anticipated market demand but to safeguard against COVID-19-related absences, according to executives on its fourth-quarter 2021 earnings call Thursday.
From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.
El transportador dijo en el 10-K de 2020 que su negocio
intermodal estaba en BNSF y CSX
Schneider’s intermodal profits in the first nine months of 2020 were double those of a year earlier.
CN is asking the Surface Transportation Board to require Canadian Pacific to divest KCS’ Springfield Line in Missouri and Illinois to help ensure competition.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.
The two eastern U.S. railroads want the Surface Transportation Board to maintain its identity as an independent arbitrator as it decides whether to permit Amtrak to restore Gulf Coast service between Mobile, Alabama, and New Orleans.
The cause of the explosion is under investigation. No injuries occurred as a result of the incident, CSX said.
U.S. utilities are facing record low coal stockpiles, and network congestion on the rails is only adding to the stress.
The end of 2021 brings the confirmation of a Surface Transportation Board member and approvals of short line requests.
CN and CSX received recognition for their action on climate change. UP has upped its targets and released a plan to reach them.
The terminal says it has “abundant space” at the Millennium Marine Rail facility in New Jersey, as well as competitive import dwell time.
Wallace served as CSX’s executive vice president of sales and marketing before moving into an advisory role in July as he underwent cancer treatment.
Heightening the clearance of the Howard Street Tunnel will enable double-stacked trains to run in and out of the Port of Baltimore.
CSX and Canadian Pacific were recognized this month by the Dow Jones Sustainability Index North America for the ways they address environmental, social and governance issues.
The railroad says CP’s and KCS’ traffic diversion analysis is incomplete, and so the board should compel CP and KCS to revise its merger application.
An anticipated rebound in volumes as supply chain kinks smooth out will be a theme in 2022, while customer-friendly technological applications will drive rail technology long term, Class I rail CEOs said in recent conferences.
The state-of-the-art terminal has rail-to-truck transfer capacity domestic and international containers and deploys automated container handling.
The board has said it plans to seek input on the environmental impacts of the CP-KCS merger; CSX’s planned acquisition of Pan Am Railways; Amtrak’s plan to restore its Gulf Coast service; and reciprocal switching.
CSX defended its service record and its responsiveness to customer concerns to the Surface Transportation Board, which had sent CSX a letter in October saying that the board received complaints over the railroad’s recent performance.
CSX and Norfolk Southern are asking the Surface Transportation Board to deny Amtrak’s request to restore U.S. Gulf Coast service between Mobile, Alabama, and New Orleans unless the passenger railroad agrees to pay for capital improvements to facilitate rail moves.
Amtrak has petitioned the Surface Transportation Board to compel CSX and Norfolk Southern to allow access to their Gulf Coast networks as part of a broader plan to restore passenger service between Mobile, Alabama, and New Orleans.
News items detailing new facilities, new faces and an environmental nod.
CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.
Biden’s port czar outlines a 90-day plan to expand operating hours along the U.S. supply chain.
2022 could be a busy year for the Surface Transportation Board if it decides to tackle a number of long-standing, hot-button issues.
Stakeholders and observers such as Amtrak, Canadian Pacific and the Vermont Department of Transportation want the Surface Transportation Board to consider placing conditions that would bolster both competitive access and passenger rail service.
U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.
The past week in social media images features a menacing wildfire in California, tropical storm deluges, a train hitting a tractor-trailer and more.
The CEOs of five Class I railroads tell the Surface Transportation Board that the root causes of the congestion facing rail intermodal terminals are beyond the railroads’ control.
The Surface Transportation Board will review Amtrak’s request to restore Gulf Coast service, dismissing calls by CSX and Norfolk Southern, whose networks will be affected by the service restoration, to reject the request.
The Surface Transportation Board has accepted CSX’s revised application to acquire Pan Am Railways, allowing the acquisition proceedings to continue.
CSX wants to come up with long-lasting strategies to hire talent so that it can ensure that it can grow capacity in the future, said CSX President and CEO Jim Foote during the company’s second-quarter 2021 earnings call on Wednesday.
The sale of property rights of CSX-owned line segments in Virginia more than doubled CSX’s net earnings for the second quarter of 2021 compared with a year ago. Net profit was $1.17 billion in the second quarter.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
Amtrak wants federal regulators to expedite a request to reestablish passenger rail service between Mobile and New Orleans. But CSX and Norfolk Southern say, not so fast.
The project continues the region’s hot streak in attracting logistics development.
CSX hopes an expanded application containing a more in-depth market analysis will persuade the Surface Transportation Board to approve CSX’s request to acquire Pan Am.
The U.S. Department of Transportation is awarding $905 million to 24 infrastructure projects. Among those are a handful of projects that involve making freight rail movements more efficient.
CSX will be using Wabtec’s technology aimed at reducing emissions and improving fuel efficiency for locomotives.
The project to expand the Howard Street Tunnel has received federal environmental approvals, bringing the $466 million project closer to fruition. The expansion will enable the tunnel to accommodate double-stacked container trains, which could benefit the nearby Port of Baltimore.
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.
Ukrainian police arrest six alleged members of Clop, a notorious ransomware gang behind multiple cyberattacks on transportation and logistics companies.
Reducing dwell times for equipment and at the terminals is one way the Class I railroads are seeking to relieve systemwide supply chain congestion, according to executives at recent investor conferences.
The American Chemistry Council wants the Surface Transportation Board to look into whether operational changes and cost cutting exacerbated the rail service issues that chemicals shippers have been having in the first half of this year.
An intermodal container terminal in Alabama targeted for “earmark” funding would extend the reach of the Port of Mobile.
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.
FreightWaves recently chatted with Brian E. Gorton, Conrail’s new president and chief operating officer, to discuss his vision for Conrail and what opportunities lie ahead for the Northeast terminal railroad jointly owned by CSX and Norfolk Southern.
CSX needs more data in its market analysis, the Surface Transportation Board said. CSX plans to resubmit its application.
FreightWaves looks at five themes that ran throughout the earnings discussions of the Class I railroads.
The U.S. Department of Transportation wants the Surface Transportation Board to take up Amtrak’s request asking to establish passenger service between Mobile and New Orleans.
“We look forward to partnering with CSX and to create a new level of efficiency for bulk chemicals transportation.”
OmniTRAX is working with the River Ridge Development Authority of southern Indiana to develop real estate, while a Genesee & Wyoming subsidiary broadens its rail service agreement to include service to the Mason Mega Rail Terminal at the Port of Savannah.
CSX has capacity on its network, space on its trains and the workforce and locomotives it needs to handle an anticipated growth in service needs in 2021, according to company executives.
CSX’s first-quarter net income fell 8% to $706 million from $770 million a year ago.
The $3.7 billion partnership calls for the construction of a $1.9 billion passenger rail bridge that would relieve traffic from the Long Bridge.
CSX must again file its plans to acquire New England short line Pan Am Railways as a “significant” transaction.
STB Chair Marty Oberman shares the board’s views on two proposed acquisitions: CSX’s acquisition of New England short line Pan Am Railways and Canadian Pacific’s merger with Kansas City Southern.
The publicly traded Class I railroads expect rail volumes to improve this year despite severe winter weather curtailing operations in February.
Short line operator Vermont Rail System and legislators from Vermont and Massachusetts question how CSX and Norfolk Southern would handle joint ownership of Pan Am Southern because it would involve a competing short line railroad
Amtrak wants to establish passenger rail service between Mobile, Alabama, and New Orleans, but CSX, Norfolk Southern and the Port of Mobile have some reservations. Amtrak has filed a petition with the Surface Transportation Board to turn its plan into fruition.
The AAR released climate policy proposals encouraging partnerships and market solutions that promote competition and carbon capture, utilization and storage technology.
U.S. rail operator CSX says it is investigating a “data security incident” after a ransomware gang appears to have leaked personal information of employees and retirees.
Eastern U.S. railroad CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its intermodal presence in the region. The company on Thursday submitted its application to the Surface Transportation Board. The application includes a request both to acquire […]
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.
Drayage provider ContainerPort Group announces intermodal terminal operator FSI Inc. will start operating under the CPG banner at the beginning of the year.
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.
Major railways are classified as leaders among thousands of companies that disclosed climate information to the CDP this year.
The acquisition would add Maine, New Hampshire and Vermont to CSX’s 23-state network.
Railroads are leveraging automation and evaluating assets to improve fuel efficiency. Corporate climate goals are on the rise as railroads increase their conservation and emission-reducing efforts.
The facility aims to provide plastics producers with an alternative to the Gulf Coast.
U.S. carload traffic on a weekly basis was 3.1% lower last week on a year-over-year basis and 1.7% higher sequentially.
1998: The Surface Transportation Board has approved the division of Conrail between Norfolk Southern and CSX, which will be left in control of most railroad traffic in the eastern half of the United States.
CSX and Union Pacific executives talk about their companies’ plans to grow the business.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
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.
Two Class I railroads select members for their respective boards of directors.
A Pennsylvania developer successfully persuaded local elected officials to approve zoning changes for a new industrial park, despite residents’ complaints. It’s one of several examples of how community opposition can impact industrial real estate development.
U.S. intermodal traffic continues upward trend; separately, Kansas City Southern reportedly rejects takeover bid.
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.
Matthew Waller will receive the Distinguished Service Award during EDGE 2020 Live!
