Latest News Continued
Railinc Corp. said Tuesday its new Damaged and Defective Car Tracking (DDCT) system has been launched successfully, and is now operational for rail carriers, freight car owners and freight car repair shops. Authorized users across the rail industry are now using the new tracking system t ...

Revenue rose 21% to $2.8 billion, also surpassing estimates of $2.67 billion. CSX’s fourth-quarter operating ratio was 70%, while its full-year ratio was 71.1%.

csx_logo.jpg.jpgCSX also said it expects to set financial records in 2011, and also that it plans capital expenditures of $2 billion, up from $1.8 billion in 2010. The company also expects to repurchase roughly $300 million in company shares during the first quarter to complete its $3 billion repurchase program.

“This investment will further strengthen our company’s transportation network, enhance our ability to reliably serve America's freight transportation needs, and create shareholder value in the near- and long-term,” said Chairman, President, and CEO Michael J. Ward in a statement.

Shares of CSX were up 2.6% at $69.45 in early afternoon trading Tuesday on the New York Stock Exchange. --> CSX Corp. late Monday reported fourth-quarter earnings of $430 million, or $1.15 a share, up 48% from the $303 million, or 77 cents a share, in the fourth quarter of 2009. That beat Wall Street analyst consensus earnings estimates of $1.10 a share. ...

CATS’ 9.6-mile Lynx Blue Line began revenue service in November 2007.

 

 

--> Seeking to contain costs, Charlotte, N.C.’s Metropolitan Transit Commission is preparing to approve a plan Wednesday truncating the extension of its Charlotte Area Transit System (CATS) light rail by 1.2 miles. The plan, estimated to cost $961 million, would stretch LRT northeast from the e ...
New Orleans Regional Transit Authority Chairwoman Barbara Major said Mondayshe expects the RTA Board of Directors to approve completion of design work on the French Quarter streetcar loop. RTA has $90 million ready for the project, and construction could begin in the summer of 2012. The ...
CSX will be expanding its RailComm Domain Operations Controller (DOC®) System located in Willard, Ohio, says Fairport, N.Y.-based Railcomm. The DOC System will be modified to add three (3) additional power switches to the Eastbound Receiving Yard. Additionally, the system will include advanced a ...
U.S. carload freight traffic rose 7.5% in the second week of 2011 ending January 15, compared with the same week a year ago, The Association of American Railroads says. U.S intermodal volume for the week advanced 5.8% compared with the same week in 2010. ...
The Fort Worth Transportation Authority (The T) will host three community meetings for its Southeast Fort Worth Rail Feasibility Study to give communities an overview of the study and to solicit their input. The first meeting will take place Monday, with a second meeting expected in March and a thi ...
INIT, Innovations in Transportation, Inc., said Thursday it has signed a contract with the Utah Transit Authority for the installation of an Intelligent Transportation Solution to be fitted on more than 35 FrontRunner regional rail vehicles.

Union Pacific’s ShipCarsNow has launched a newly designed website that simplifies the shipping process for car dealers and remarketers. The company says site features include more straightforward navigation, simple customer login, easy online ordering and price quotes, enhanced search functio ...
The Surface Transportation Board reported Thursday that U.S. Class I railroad employment totaled 154,400 in December, up 5.23% from December 2009 but down 0.41% from November 2010. The transportation (train and engine) category posted the strongest gains, reaching a level of 62,067 in D ...
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