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CSX profit up 1% in 3Q CSX Corp. today reported third quarter net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same period last year. Excluding a $1 million restructuring charge, adjusted earnings per share remain at 51 cents.

csx-3q17-earnings-call-“back-to-where-it-was-and-better”
At CSX’s third-quarter 2017 earnings call, President and CEO E. Hunter Harrison acknowledged the railroad’s recent service problems, but insisted that CSX has recovered and is in better shape operationally than when he came on board earlier this year. “I’ve been...
34th-create-project-under-construction
Ground has been broken on Phase III (construction phase) of the CREATE (Chicago Region Environmental and Transportation Efficiency) Program’s 34th initiative, Project B1, “Canadian Pacific Crossover Upgrades.” Metra and Canadian Pacific Railway (CP) will upgrade signals and add several crossover...
third-quarter-revenue-net-up-at-cp
Canadian Pacific Railway reported third-quarter adjusted diluted earnings per share of $2.90, up 6%, on revenue that was 3% higher at $1.6 billion. The Calgary-based railroad said its operating ratio improved by 100 basis points to 56.7%. "Volume momentum grew over the...
cowen-railcar-survey-“largely-neutral”
The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to the survey planning to order railcars in the next 12...
cowen-survey-shippers-expecting-rate-increases-still-unhappy-with-csx
Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential increase from 3.0% in Cowen’s 2Q17 survey. “That’s higher than investors...

kcs-forms-health-safety-and-environmental-unit
Kansas City Southern has formed a new Health, Safety and Environmental group within the Operations department “to consolidate occupational health, workplace and public safety, and environmental functions under a single management to better align and coordinate with the company’s Operations...
lw-offers-crossing-conversion-bracket
L&W Industries, based in Springfield, Mo., has developed a patent-pending Heavy Duty Conversion Bracket that improves safety and reduces the maintenance costs of railway crossings. The new bracket reduces railroad crossing maintenance expenses by countering the effects of leverage, twisting and...
csx-profit-up-1-in-3q
CSX Corp. today reported third quarter net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same period last year. Excluding a $1 million restructuring charge, adjusted earnings per...
savannah-moves-1m-teus-in-1q-plots-rail-growth
The Port of Savannah moved more than one million twenty-foot equivalent container units (TEUs) at Garden City Terminal in the first quarter of fiscal 2018, as traffic increased by 5.8% or 55,629 TEUs over the same period in FY17. In September...
santana-to-lead-ge-transportation
General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1. Santana, with more than 17 years at GE, held leadership positions in GE Oil &...

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