CSX’s Q2 profit slips 15% on lower revenues
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.
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.
Canadian Pacific Kansas City, CSX and Genesee & Wyoming railroads aim to establish a direct interchange connection near Myrtlewood, Alabama.
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.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
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.
CSX makes changes to its operational team and beefs up its industrial development program, while Norfolk Southern reaches another sick leave agreement with a union. Also, RailState names a former BNSF executive to its advisory board.
The Association of American Railroads has laid out initiatives the freight rail industry expects to take up to boost safety amid calls from federal officials in the wake of the Feb. 3 Ohio train derailment.
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.
Four Class I railroads have asked the Surface Transportation Board and U.S. appeals courts to review an order that seeks to resolve small rate disputes through voluntary arbitration.
A key freight rail bridge near the Port of New York and New Jersey is getting a replacement after 120 years.
Class I railroads CSX, CN, CP and KCS tout recognition for their sustainability efforts, while rail technology provider Wabtec gets a nod for its battery-electric locomotive.