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Daily Headlines
CSX expects continued growth in domestic intermodal
(Source: Journal of Commerce, October 15, 2014) WASHINGTON, D.C. — According to the Journal of Commerce, CSX Transportation expects growth in domestic intermodal for many years ahead. The railroad expects the growth to be driven in part by highway-to-rail conversions,...
CSX earnings: Volumes up but revenue per unit remains sluggish
(Source: Forbes, October 16, 2014) NEW YORK — CSX Corporation, a leading railroad in the eastern U.S., reported its third quarter earnings on October 15. The company’s revenue grew 7.9%, to reach $3.2 billion on strong volume growth across commodities. However,...
CSX COO Oscar Munoz sells $2.53 million in company stock
(Source: Ticker Report, October 15, 2014) NEW YORK — CSX Chief Operating Officer (COO) Oscar Munoz unloaded 75,000 shares of the stock on the open market in a transaction that occurred on Monday, October 13. The shares were sold at an average price of $33.77, for a...
Possible CSX-CP Rail deal could aid Albany region
(Source: Albany Times Union, October 14, 2014) ALBANY, N.Y. — At first glance, a merger between Canadian Pacific Railway and CSX might reduce rail competition in the Capital Region. But it also might revitalize and improve existing services, as CSX rival Norfolk...
Pershing Square’s Ackman says some rail mergers pro-competitive
(Source: Reuters, October 16, 2014) TORONTO — The founder of hedge fund Pershing Square Capital Management said on Thursday that Canadian Pacific Railway's chief executive believes some consolidation in the rail industry could improve competition. Full story:...
U.S. Senator raises concerns over potential CP, CSX deal
(Source: Reuters, October 16, 2014) CHICAGO — Senator Amy Klobuchar, the head of a U.S. Senate subcommittee, raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific...
5 critically hurt as freight train hits tourist train in Arkansas
(Source: Associated Press, October 16, 2014) WINSLOW, Ark. — A freight train collided with a sight-seeing passenger train in northwest Arkansas on Thursday, injuring more than a dozen people, authorities said. Full story: ABC News
Sen. Schumer presses rail industry to phase-out DOT-111 tank cars
(Source: Buffalo News, October 16, 2014) WASHINGTON, D.C. — Sen. Charles E. Schumer is pressing the federal government to stick to its proposed two-year phase-out of the most dangerous “oil train” cars despite industry pressure to extend the life of those rail cars by...
Crude oil train disclosures raise risk of attack, regulators told
(Source: McClatchy News Service, October 16, 2014) WASHINGTON, D.C. — Information about rail shipments of crude oil should be kept secret because of potential threats from foreign terrorists and environmental extremists, two rail industry trade groups argued to...
Facing fare hike, Metra riders want all to pay
(Source: Chicago Tribune, October 16, 2014) CHICAGO — With Metra riders facing a 68 percent fare increase over the next 10 years, some of them are raising a common complaint — too many passengers are getting a free ride, because conductors either don't or can't check...
