Management

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CSX posts record 3Q 2014 results CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last year. This performance was supported by volume increases of 7%, with broad-based growth across nearly all markets CSX serves.

strato-honored-by-nj-manufacturing-industry
Piscataway, N.J.-based Strato, Inc., says it has been named New Jersey Manufacturer of the Year 2014 by NJBIZ, a business publication. Companies were honored by Somerset, N.J.-based NJBIZ earlier this month for their contribution to the success of the manufacturing industry's...
new-mexico-border-authority-awards-feasibility-study-to-hntb
The New Mexico Border Authority has selected HNTB Corp. perform a comprehensive study determining the feasibility of a new rail bypass and international rail border crossing near the Santa Teresa, N.Mex., Port of Entry into Mexico. The results of this...
stb-asks-cp-to-“clear-ambiguities”
The Surface Transportation Board, in a decision dated Oct. 14, 2014 (Docket No. EP 724, “United States Rail Service Issues,” has asked Canadian Pacific Railway to “answer specific questions to clarify ambiguities related to CP’s efforts to resolve service problems...
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed CP-CSX merger. Electrifying are the productivity improvement prospects. Equally exhilarating is...
csx-rejects-cp-merger-proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and other major media outlets. The reports attributed unnamed sources close...

csx-rejects-cp-merger-proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and other major media outlets. The reports attributed unnamed sources close...
stb-requiring-weekly-class-i-service-performance-reports
The U.S. Surface Transportation Board announced Wednesday, Oct. 8, 2014 that it is requiring all Class I railroads to publicly file weekly data reports regarding service performance “to promote industry-wide transparency, accountability, and improved service.” STB’s order follows the its recent...
railway-interchange-2015-exhibit-space-available
Booth space reservations are now open for the indoor and outdoor exhibitions at Railway Interchange 2015, the U.S.-based combined exhibition and technical conference taking place Sunday, Oct. 4 through Tuesday, Oct. 7 at the Minneapolis Convention Center and BNSF’s Northtown...
analyst-cp-“on-to-another-finish-line-with-sweat-and-speed”
Canadian Pacific Railway, under the leadership of CEO E. Hunter Harrison, is “raising the bar, again,” according to Cowen & Co. Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, who attended CP’s 2014 investor day. CP’s highly anticipated 2014...
cp’s-harrison-sets-2018-financial-goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more than doubling the company’s earnings per share.” Financial expectations on CP’s...