April 13, 2016 | CSX, Headlines, NS
(Source: Bloomberg, April 12, 2016) NEW YORK — With any path to railroad mergers blocked for now, the largest U.S. carriers will have to rely on cost cuts and better service to boost profit. Judging by the first-quarter earnings forecasts, it will be a long slog. Full...
April 13, 2016 | CSX, Headlines
(Source: Motley Fool, April 12, 2016) NEW YORK — Railroads have been a casualty of the rapid change in the energy markets, with the emergence of cheap natural gas putting a huge dent in the demand for rail shipments of coal. CSX and Norfolk Southern have substantial...
April 13, 2016 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 12, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year. “As we managed through...
April 11, 2016 | CSX, Headlines, NS
(Source: Toledo Blade, April 10, 2016) TOLEDO, Ohio — To many in northwest Ohio, the trains just seem to keep getting longer and longer. And it’s a direct result of a near standstill with business for some rail companies. Rail traffic has tailed off in recent months,...
April 7, 2016 | CSX, Headlines
(Source: Baltimore Sun, April 6, 2016) BALTIMORE — Federal, state and local transportation officials are expected to scrap two options and focus on a third today for replacing an aging railroad tunnel under West Baltimore that is considered a major choke point on...
March 29, 2016 | CSX, News
INDEPENDENCE, March 29 — The BLET’s CSX Western Lines General Committee of Adjustment (GCA) has reached a tentative contract with the railroad that proposes to modify a 1996 seniority consolidation agreement governing approximately 1,725 locomotive engineers. The...
March 21, 2016 | CSX, Headlines
(Source: Richmond Times-Dispatch, March 20, 2016) RICHMOND, Va. — A $132 million reconfiguration of CSX’s Acca yard, which started in November and is scheduled to be finished in the spring of 2018, is still underway. Full story: Richmond...
March 16, 2016 | CSX, Headlines
(Source: Herald-Dispatch, March 15, 2016) HUNTINGTON, W.Va. — CSX Transportation Inc. will cut 101 union and management jobs at its Russell operation, continuing a trend of cutbacks in the region over the past two months. Full story:...
March 11, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 10, 2016) NEW YORK — Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison said he faces an uphill battle to convince CSX Corp. — not just Norfolk Southern Corp. — of the merits of a merger. Full story and video:...
March 10, 2016 | CP, CSX, Headlines
(Source: Reuters, March 9, 2016) MONTREAL — Canadian Pacific Railway Ltd Chief Executive Officer Hunter Harrison on Wednesday said CSX Corp has several strengths as a merger target, but stressed that he never made a formal offer for the U.S. railroad. Full story:...
