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Daily Headlines

Two wheelchair users faced a $25,000 fee to travel on Amtrak

(Source: National Public Radio, January 17, 2020) WASHINGTON, D.C. — It costs $16 to take the Amtrak from Chicago to Bloomington, Ill. But people who use wheelchairs were recently asked to pay $25,000. Amtrak defended the cost, saying it reflects a new policy. Full...

CSX eyes flat to lower revenue in 2020

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives...

KCS optimistic about 2020

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Kansas City Southern expects rail volumes and revenue to grow in 2020 amid service improvements and clarity on U.S. trade policy concerning North America. Full story: Freight Waves

KCS reports Q4 and full-year 2019 results

(Source: Kansas City Southern press release, January 17, 2020) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported strong fourth quarter and full year 2019 results, driven by implementation of Precision Scheduled Railroading (PSR) principles. Fourth Quarter 2019...

Kansas City Southern net profit slips in fourth quarter

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Net profit for Kansas City Southern slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer...

Edited transcript of CSX Q4 2019 earnings conference call

(Source: Reuters, January 17, 2020) JACKSONVILLE, Fla. — What follows is an edited transcript of CSX’s earnings conference call or presentation for the fourth quarter of 2019, which took place on Thursday, January 16, 2020. Full story: Yahoo Finance

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