The improved Operating Ratio posted by Norfolk Southern wasn’t enough to stop analysts from asking about its comparison to that of CSX.
CSX hit records on operating ratio while improving train speed and dwell time, but says intermodal still needs a “ton” of work and pricing will reflect CSX’s “superior product.”
Autonomous vehicle execs want you to know self-driving cars are very, very safe; China’s economic growth slows; Elon Musk talks about Tesla’s push to 5,000 Model 3s weekly; American oil bound for China needs to find new markets; DHL orders 14 Boeing 777s.
Freight markets still hot to close Q2; COSCO/OOCL merger approved by US, China; Tesla hits Model 3 production goal; CSX revives plan for intermodal hub in North Carolina; EU threatens retaliation over auto tariffs.
Used truck prices are up sharply; C.H. Robinson isn’t worried about tech startups; CSX cuts costs and grows bottom line by 50%; Hapag-Lloyd bullish despite losses; CA makes pot shippers report to the Feds; the American economy isn’t overheating… yet.
Hapag-Lloyd explores priority container freight; CSX raked in Q1 profits; aluminum prices are turbulent; UPS launches Groupon-like discounts for retailers; project44 raises $35M in Series A.
The company takes in less revenue, makes more profits and is off a federal watch list.
Trucking contract rate increases tamp down volatility; Nikola Motor Company returns deposits on truck orders; Hunter Harrison was one of the highest paid CEOs in 2017; Xi Jinping takes the stage to defend Chinese trade practices; container lines enter bid season with a weak hand.
After strong fourth-quarter earnings results, weather and other external forces are expected to weigh on earnings reports in the first quarter, resulting in a mixed bag for public companies.
Once the Mason Mega Rail terminal is complete, the Port of Savannah will have a state-of-the-art facility, unique to the U.S. East Coast.
Uber AV kills pedestrian in Arizona; XPO Logistics takes its app to Europe; CSX has no apologies; China COSCO building methanol fuel plants in Louisiana; air cargo markets may see slower growth; Covenant stock hits a 52 week high.
TMC offers a free dashboard for unscheduled maintenance data using VMRS codes; Omnitracs gets into software; OPEC meets with shale producers in Houston; the Port of Virginia begins using truck reservations to manage traffic.
The meeting was the first since railroad legend, and CSX CEO, Hunter Harrison died in December.
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
Amtrak train 91, which was traveling from Penn Station in New York to Miami, should have been on the main line, but it was directed to tracks just east of it, where a CSX train was parked.
Freight brokers’ revenues went up but margins went down in 2017; Amtrak blames CSX for yesterday’s crash; Hazelwood won’t testify in Pilot trial; oil tanker shipping rates crater; click through for more!
After a difficult adjustment period in July/August, CSX improved its performance on key metrics like train speed and dwell time, ending 2017 as an industry leader.
FreightWaves’ readers made the past year a great one for our young brand. Today, we take a fond look back at your favorite articles from 2017.
On Saturday, two days after taking medical leave from CSX, CEO Hunter Harrison died. Investors have serious concerns about the railroad’s commitment to executing Harrison’s vision, while some observers disagreed with his approach entirely.
CSX Corp. CEO Hunter Harrison has taken a medical leave of absence from the railroad due to complications from a recent illness. Investors sold off the company stock, causing a 12% drop and $6 billion loss in company value in morning trading.
Despite continued complaints about CSX’s delays and no-shows, the railroad’s new CEO has made a controversial commitment to raising fees on everything from hazardous materials and overloaded cars to refrigerated cars.
