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.
