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Rail Industry News

CSX sees profit falling through 2016

(Source: Associated Press, July 14, 2016) OMAHA, Neb. — CSX expects profit to decline for remainder of the year as freight volume slows and it plans further cost cuts to offset what the railroad's chief executive called a "challenging" environment. Full story: The...

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CSX announces 2Q 2016 earnings

(Source: CSX press release, July 13, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year. Highlights: • Delivered...

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US, Canadian freight rail regulators meet in Ottawa

(Source: Progressive Railroading, July 12, 2016) U.S. Surface Transportation Board (STB) Chairman Daniel Elliott III yesterday met with Canadian Transportation Agency (CTA) Chairman and Chief Executive Officer Scott Streiner to discuss ways the two agencies can work...

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