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Jaxport opens new rail terminal

(Source: Progressive Railroading, November 18, 2016) The Jacksonville Port Authority (JAXPORT) has opened its new $30 million Intermodal Container Transfer Facility, port officials announced yesterday. Full story: Progressive Railroading

Stock analyst downgrades CSX stock

(Source: Cerbat Gem, November 14, 2016) NEW YORK — CSX Corp. was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Thursday. They currently have a $35.00 price objective on the...

Site assessment begins for CSX terminal in N.C.

(Source: Rocky Mount Telegram, November 12, 2016) ROCKY MOUNT, N.C. — CSX officials are performing a detailed site assessment for the planned Carolina Connector Intermodal Rail Terminal, which is an important part of the routine discovery process. Full story: Rocky...

CSX looks beyond fourth quarter

(Source: Railway Age, November 10, 2016) NEW YORK — CSX Corporation Executive Vice President and Chief Operating Officer Cindy Sanborn updated investors and analysts on Nov. 9 at Baird’s 2016 Industrial Conference in Chicago regarding the company’s expectations for...

Railroad stocks rally on Trump, except KCS

(Source: CNN, November 10, 2016) NEW YORK — Donald Trump has pledged to resurrect the coal industry. If he follows through on that promise, that’s great news for many railroads, which can generate big sales from transporting coal across the country. Union...

CSX president Gooden sells $500,000 in company stock

(Source: Baseball News Source, November 9, 2016) NEW YORK — CSX Corp. President Clarence W. Gooden sold 15,625 shares of CSX Corp. stock in a transaction on Monday, November 7. The stock was sold at an average price of $32.00, for a total value of $500,000.00....

CSX COO lowers expectations for 4Q 2016

(Source: Reuters, November 9, 2016) NEW YORK — CSX’s Chief Operating Officer (COO) expects the company’s earnings per share (EPS) to be down about 8 percent during the fourth quarter of 2016. Full story: Reuters