January 22, 2019 | CSX, Headlines
(Source: Bloomberg, January 18, 2019) NEW YORK — Recession worries? Don’t look to railroads, one of the economy’s most reliable bellwethers. CSX Corp. CEO Jim Foote sees no signs of a U.S. slowdown as shipments of steel, lumber, plastics, construction materials,...
January 22, 2019 | CSX, Headlines
(Source: Supply Chain Dive, January 18, 2019) WASHINGTON, D.C. — One day after reporting a “historic” operating ratio for the fourth quarter, CSX Executive Vice President of Sales and Marketing Mark Wallace issued an apology to shippers at the Midwest...
January 17, 2019 | CSX, Headlines
(Source: Reuters, January 17, 2019) NEW YORK — CSX on Wednesday reported quarterly profit that topped Wall Street’s expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. Full story:...
January 17, 2019 | CSX, Headlines, Quarterly Income
(Source: CSX press release, January 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same...
January 16, 2019 | CSX, Headlines, NS
(Source: www.nwitimes.com, January 16, 2018) INDIANAPOLIS, Ind. — The Indiana Supreme Court last year ruled that local police are barred by federal law from issuing $200 tickets to railroad operators when their trains block street crossings for longer than 10 minutes....
January 15, 2019 | CSX, Headlines, NS
(Source: Freight Waves, January 14, 2019) CHATTANOOGA, Tenn. — Intermodal rail is taking a growing share of container traffic coming out of the largest U.S. East Coast port as more heavy freight moves across the docks and trucking costs rise. Even so, some shippers...
December 19, 2018 | CSX, Headlines
(Source: Freight Waves, December 18, 2018) WASHINGTON, D.C. — CSX Corp. is reversing course with a pledge of new funding to a long-delayed tunnel improvement project in Maryland, one that will allow the rail carrier to finally move double-stack trains through the Port...
December 17, 2018 | CSX, Headlines
(Source: Florida Times-Union, December 15, 2018) JACKSONVILLE, Fla. — A Jacksonville judge may soon decide if CSX shareholders have the right to take the Jacksonville railroad giant’s board of directors to task for its decision to spend $84 million to hire former CEO...
December 14, 2018 | CSX, Headlines
(Source: Baltimore Sun, December 14, 2018) BALTIMORE, Md. — The Howard Street Tunnel expansion appears to be back on, after the railroad CSX Transportation reversed a decision to pull out of the project and committed $91 million toward it, Maryland officials said...
December 14, 2018 | CSX, Headlines, UP
(Source: CNBC, December 13, 2018) NEW YORK — Transportation stocks have hit the skids and are looking worse than the broader market, a trend that needs to reverse for stocks to stabilize. The Dow Transports have lost 15 percent since Oct. 1, 6 percentage points worse...
