October 23, 2019 | CSX, Headlines, Quarterly Income
(Source: Wall Street Journal, October 21, 2019) NEW YORK — The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry. Paul...
October 21, 2019 | CSX, Headlines, UP
(Source: Wall Street Journal, October 18, 2019) NEW YORK — CSX Corp. and Union Pacific Corp. are running faster railroads with longer trains and operating more efficiently. They have a bigger challenge ahead in winning over more shippers that remain skeptical after...
October 17, 2019 | CSX, Headlines, Quarterly Income
(Source: Associated Press, October 16, 2019) JACKSONVILLE, Fla. — CSX’s profit declined 4% in the third quarter, but tight cost controls helped the railroad weather a 5% decline in volume. The Jacksonville, Florida, based railroad said it earned $856 million, or...
October 17, 2019 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced third quarter 2019 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year (an earnings per share increase...
October 17, 2019 | CSX, Headlines
(Source: Bloomberg opinion column by Brooke Sutherland, October 16, 2019) NEW YORK — CSX Corp.’s results were better than many feared they would be, but they came at the expense of several hundred jobs. It’s hardly the sign of a booming economy when profit gains come...
October 14, 2019 | CSX, Headlines, Quarterly Income
(Source: Freight Waves, October 10, 2019) CHATTANOOGA, Tenn. — As the third-quarter earnings season kicks off next week for the Class I railroads, one question will be the degree to which the railroads’ safeguard themselves against lower volumes as a result of their...
October 10, 2019 | CSX, Headlines
(Source: GoErie.com, October 9, 2019) ERIE, Pa. — Lake Shore Railway Historical Museum in North East is getting ready to show off this Saturday and Sunday as many as three CSX locomotives built in Erie. Full story: www.goerie.com
October 9, 2019 | CSX, Headlines, UP
(Source: Supply Chain Dive, October 8, 2019) WASHINGTON, D.C. — A downpour of lawsuits hit the four largest Class I railroads on Sept. 30. In total, 24 lawsuits were filed against BNSF, CSX, Norfolk Southern and Union Pacific. The suits came from shippers who alleged...
October 8, 2019 | CSX, Headlines, NS
(Source: Freight Waves, October 7, 2019) CHATTANOOGA, Tenn. — Container volume growth on the East Coast of North America continues to outpace growth on the West Coast, despite longer ocean transit times and higher prices from Asia. But the eastern railroads are not...
October 3, 2019 | CSX, Headlines
(Source: Television station WDRB, October 2, 2019) ANCHORAGE, Ky. — The distant rumbling of an approaching freight train is a frustrating sound to many of the people who live off La Grange and Old La Grange Roads in Anchorage. There, a dozen or more freight trains...
