August 5, 2022 | CSX, Headlines, NS, Ports, PSR
(Source: CNBC, August 5, 2022) Port productivity remains a huge hurdle for the U.S. supply chain as billions of dollars of products are at anchor or landlocked, and a shift to use of East Coast ports over West Coast ports creates new pressures. Norfolk...
August 2, 2022 | Amtrak, CSX, Headlines, NS, STB
(Source: Trains Magazine, July 29, 2022) The launch of Amtrak Gulf Coast service without infrastructure improvements would cause “immediate and future impairment to freight service that is unreasonable under any definition,” CSX Transportation and Norfolk Southern...
August 2, 2022 | Amtrak, CSX, Headlines, NS, STB
(Source: Progressive Railroading, August 1, 2022) Amtrak late last week filed with the Surface Transportation Board a supplemental brief and evidence in the railroad’s quest to relaunch passenger-rail service along the Gulf Coast. In its latest filing with the STB,...
July 22, 2022 | CSX, Headlines, PSR
(Source: Freight Waves, July 21, 2022) Although a higher than anticipated attrition rate in the second quarter is slowing the pace of operational improvements, CSX still expects to continue to improve its service metrics in the third and fourth quarters. Full story:...
July 22, 2022 | CSX, Headlines, Quarterly Income
(Source: CSX press release, July 20, 2022) JACKSONVILLE, Fla. — CSX Corp. today announced second quarter 2022 net earnings of $1,178 million, or $0.54 per share, compared to $1,173 million, or $0.52 per share in the same period last year. Second quarter 2022 operating...
July 21, 2022 | CSX, Headlines, PSR
(Source: Associated Press, July 20, 2022) CSX on Wednesday delivered slightly better profit in the second quarter even though volume was flat and the railroad still struggled to handle all the goods companies wanted to ship because it is having a hard time hiring. CSX...
July 21, 2022 | BNSF, CSX, Headlines, NS, PSR, Shippers, UP
(Source: Daily Herd Management, July 18, 2022) Rail retains a vital role in the transportation of goods across the U.S., but this year, the 140,000- miles worth of railroad tracks across the country haven’t been immune to the supply chain chaos plaguing U.S....
July 21, 2022 | CSX, Headlines, PSR
(Source: Trains Magazine, July 19, 2022) LAKE GENEVA, Wis. — “If I had the decision to make over again … we would have never laid off an employee,” CSX CEO Jim Foote said on July 18 when speaking to the Midwest Association of Rail Shippers about ongoing service issues...
July 20, 2022 | BNSF, CSX, Headlines, NS, PSR, UP
(Source: Progressive Railroading, July 16, 2022) Similar to the massive fluctuations in the U.S. stock market over the past few months, there have been colossal highs and lows in the North American intermodal sector of late. The developments impacting Class Is can be...
July 7, 2022 | CSX, Headlines
(Source: Jacksonville Daily Record, July 6, 2022) JACKSONVILLE, Fla. — CSX Corp. is partnering with an India-based company to outsource some of its information technology services, affecting 137 jobs. Full story: WJCT News
