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Rail Industry News

In Ohio, CSX terminal has mostly delivered

(Source: News & Observer, January 17, 2016) RALEIGH, N.C. — Last week, CSX announced Johnston County as the home of its second regional container hub. Positioned between Selma and Micro, just west of Interstate 95, the 450-acre intermodal terminal will use large...

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CSX predicts lower profits in 2016

(Source: Associated Press, January 13, 2016) OMAHA, Neb. — CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports. Full story: Longview News-Journal

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Railroads expected to get back on track in 2016

(Source: U.S. News & World Report, January 12, 2016) WASHINGTON, D.C. — Railroads that had their valuations slashed in 2015 due to decreased traffic at the very least should see the bleeding slow this year as coal volumes are expected to improve. Full story: U.S....

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Editorial: CP-NS street fight

(Source: Editorial in the Roanoke Times, January 14, 2016) ROANOKE, Va. — If Canadian Pacific’s opening move was to make an offer to acquire Norfolk Southern (actually three offers, all rejected), Norfolk Southern’s defensive gambit has been to raise the specter that...

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