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Gulf Coast battle: An interim report

(Source: Railway Age, May 13, 2022) NEW YORK — The witness phase of the slugout between Amtrak on one side and CSX, Norfolk Southern (NS) and the Port of Mobile on the other, ended May 12 as its 11th day concluded. It ended not with T.S. Eliot’s oft-quoted “whimper”...

CSX CEO lost situational awareness

(Source: Railway Age, May 4, 2022) NEW YORK — Whatever was CSX CEO James M. Foote thinking when he testified before the STB’s “Urgent Issues in Freight Rail Service” hearing April 26? His display of disdain for the agency — in particular, White House-nominated and...

CSX announces Q1 2022 financial results

(Source: CSX press release, April 20, 2022) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2022 net earnings of $859 million, or $0.39 per share, compared to $706 million, or $0.31 per share in the same period last year. First quarter 2022 operating...

Analysis: Let the railroad service blame game begin

(Source: Trains Magazine analysis by Bill Stephens, April 22, 2022) WASHINGTON, D.C. — Executives from the big four U.S. railroads — BNSF Railway, CSX Transportation, Norfolk Southern, and Union Pacific — will take turns in the hot seat next week during two days of...