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Railroads are searching for ways to keep intermodal moving, and growing, on a capacity-constrained network.
Four paths to natural gas
LNG or CNG? At the High Horsepower Summit in New Orleans, four newer players in the natural gas-powered-locomotive field described their plans.
Is coal on a comeback?
With utility losses stabilizing and global demand still strong, carloads are edging upward.
FHWA approves CSX Virginia Avenue Tunnel project alternative
The Federal Highway Administration has approved a preferred construction alternative for CSX’s Virginia Avenue Tunnel project, enabling CSX to complete the tunnel’s design and initiate the construction permitting process.
Class I CEOs diverge on the merits of mergers
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
CSX awards Savage locomotive mobile fueling services contract
CSX has entered into an agreement with Savage for mobile locomotive fueling services at 30 sites across the CSX network in the eastern U.S.
CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
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…
What lurks behind the door Hunter Harrison opened?
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…
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…
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