The Biden administration is calling railroad executives to Washington to explain how they plan to reverse negative cargo trends and grow their business.
CSX is facing a class action lawsuit over the sulfur dioxide that was released into the air when a train derailed in eastern Kentucky the day before Thanksgiving.
Executives with CSX, Union Pacific and Norfolk Southern at recent investor conferences listed some of the ways they expect to improve rail service.
The Brotherhood of Railroad Signalmen and Norfolk Southern, with technical input from the Federal Railroad Administration, will conduct a one-year pilot program to identify best safety practices.
Enabling information sharing between departments will help CSX not only cut costs but discover new business opportunities, COO Mike Cory said on the railway’s third-quarter earnings call.
Eastern U.S. Class I railroad said its third-quarter net profit fell 24% amid lower operating revenues.
Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.
The National Transportation Safety Board will focus on CSX’s safety training of railway carmen as the agency continues investigating the death of a carman at a CSX yard in Ohio.
Rail union leaders want the industry to examine safety practices involving remote-controlled locomotives following the Sunday death of a railway carman at a CSX rail yard in Ohio.
Mike Cory, CN’s former chief operating officer, will be CSX’s new COO.
The new service will provide a direct connection from the Port of Savannah to CSX’s intermodal terminal in Rocky Mount, North Carolina.
Operations temporarily ceased in limited areas of CSX’s network as Hurricane Idalia swept through Florida and Georgia.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
U.S. rail carloads showed strength in 19 of 20 commodity categories in June. Second-quarter intermodal traffic climbed 22% even with network congestion and equipment shortages as the backdrop.
“We look forward to partnering with CSX and to create a new level of efficiency for bulk chemicals transportation.”
Management from Schneider National expects tightness in the trucking markets to continue. Inventory restocking will keep truck demand elevated and new capacity is entering the market at a slower pace than in previous cycles.
Tightening truckload and intermodal markets have carriers expecting the hot freight market to carry forward. One carrier is calling for large rate increases in 2021.
A look at the latest campaign spending reports shows that those in the transportation industries are heavily supporting Democratic candidates, but Trump holds a big edge among companies and PACs.
