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CSX announces Q3 2021 results

(Source: CSX press release, October 20, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced third quarter 2021 net earnings of $968 million, or $0.43 per share, compared to $736 million, or $0.32 per share in the same period last year. Third quarter 2021 operating...

DOJ picks apart CSX-Pan Am transaction

(Source: Railway Age, August 27, 2021) NEW YORK — In August 26 comments filed with the Surface Transportation Board, the United States Department of Justice took issue with many aspects of the proposed CSX-Pan Am Railways merger, citing President Biden’s July 9...

Congestion persists at rail terminals servicing imports

(Source: Freight Waves, August 27, 2021) CHATTANOOGA, Tenn. — Chassis shortages and efforts to dig out containers at rail terminals continue to characterize the rail side of the U.S. import supply chain in some areas, according to customer advisories published this...

Port of Virginia sets July container record

(Source: Railway Age, August 17, 2021) NEW YORK — The Port of Virginia (POV) processed 293,126 TEUs (twenty-foot equivalent units) in July, up 32.6% over the prior-year period, it reported on Aug. 17. Full story: Railway Age