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Transcript of CSX 1Q 2018 conference call
(Source: Motley Fool, April 18, 2018) NEW YORK — Click link below to read a transcript of CSX’s first quarter 2018 earnings conference call. Full story: Motley Fool
CSX releases 1Q 2018 results
(Source: CSX press release, April 17, 2018) JACKSONVILLE, Fla. — CSX Corporation today announced record first quarter 2018 net earnings of $695 million, or $0.78 per share, versus $362 million, or $0.39 per share in the same period last year. CSX’s operating ratio for...
CSX 1Q 2018 profit jumps to $695 million
(Source: Associated Press, April 17, 2018) OMAHA, Neb. — CSX's first-quarter profit nearly doubled thanks to further cost cuts at the railroad and a restructuring that weighed on its earnings a year ago. The Jacksonville, Florida-based company on Tuesday posted net...
TCRC gives 72-hour strike notice at CP Rail
(Source: Canadian Press, April 17, 2018) CALGARY — The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72-hour notice of an intent to strike. The Teamsters Canada Rail...
States risk billions in rail funding without FTA safety OK
(Source: Railway Age, April 16, 2018) NEW YORK — The Federal Transit Administration said states that miss the deadline for certifying rail safety oversight programs are risking billions of dollars in government funding. Full story: Railway Age
Investment company likes CP Rail for crude by rail opportunity amid pipeline spat
(Source: Bloomberg, April 17, 2018) NEW YORK — A C$6.9 billion ($5.5 billion) Fidelity Investments fund is adding to its position in Canadian Pacific Railway Ltd. as a pipeline spat increases the likelihood that energy companies will need rail to get their oil to...
Mudslide halts rail service between Seattle, Everett
(Source: Associated Press, April 16, 2018) SEATTLE — A 20-foot-wide mudslide on the BNSF Railway lines has shut down all commuter-rail service between Seattle's King Street Station and Everett. Full story: San Francisco Chronicle
Teamsters applaud inclusion of labor provision in new FAA reauthorization bill
(Source: International Brotherhood of Teamsters press release, April 16, 2018) WASHINGTON, D.C. — The following is a statement from Teamsters Airline Division Director Capt. David Bourne about the newly introduced FAA Reauthorization Act of 2018, which includes a...
California high-speed rail project faces U.S. DOT audit
(Source: Associated Press, April 13, 2018) SACRAMENTO, Calif. — California’s high-speed rail project is facing an audit from the U.S. Department of Transportation’s as costs continue to climb. Full story: San Jose Mercury News
No one hurt as empty CSX train derails in W.Va.
(Source: Associated Press, April 16, 2018) THURMOND, W.Va. — CSX says an empty coal train has hit a rock slide and derailed in southern West Virginia. No injuries were reported. Full story: www.usnews.com
