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It shouldn't take a $300 million man
What has been will be again; what has been done will be done again. There is nothing new under the sun. Is there anything of which one can say, “Look!…
VIDEO: Georgia ports deploy new box cranes
The Georgia Ports Authority commissioned the first of four new neo-panamax ship-to-shore container cranes at its Garden City Terminal, Savannah.
FINANCIAL EDGE March 2017: He sure plays a mean game of Railroad
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not…
Watco debuts new Jaxport railroad
The Jacksonville Port Terminal Railroad (JXPT) officially began services on March 8.
Schneider, CSX re-up with multi-year deal
Intermodal and transport provider Schneider and CSX have signed a new multi-year agreement.
Tierney to succeed Batory at Conrail
Conrail’s Board of Directors has named Timothy Tierney President and Chief Operating Officer, effective April 1. Tierney succeeds Ronald Batory, who is retiring after nearly 46 years in the railroad…
Coal leads weekly rail traffic gains
Coal led all gainers as rail traffic in the U.S. totaled 521,607 carloads and intermodal units for the week ending March 4, up 1.8 percent from the same week in…
Jason Seidl: Quick take on EHH at CSX
Now that E. Hunter Harrison has become CEO of CSX, “we expect additional layoffs in addition to the recently announced 1,000 members of management,” says Cowen and Company Managing Director…
Hunter Harrison assumes CSX's throttle
CSX has a new CEO. The Jacksonville, Fla.-based railroad on March 6 agreed to a deal with hedge fund Mantle Ridge LP to name E. Hunter Harrison as chief executive,…
Michael Ward, railroader and philanthropist
Now that Michael Ward has retired as CEO of CSX, he will remain in Jacksonville and continue the work that he loves as much as running a railroad—giving back to…
January boxes surge at Port of Savannah
Containerized trade through the Port of Savannah grew 16.2% to 331,468 TEUs in January, a record month for tonnage, and another sign of strengthening box growth in the new year…
CSX extends deadline for board nominations again
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
CSX CEO Ward retiring, 1,000 jobs to be eliminated
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Jason Seidl: CSX, EHH getting close?
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as…
CSX calls special shareholders meeting to consider Harrison proposals
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter…
Road & Rail Services earns TDSI accolades
Road & Rail Services, Inc., a Louisville, Kentucky-based provider of rail-related services in North America, recently earned the 2016 Core Values Award, “It Starts with the Customer” from CSX subsidiary…
Port of Virginia: Record TEUs as terminal expansion begins
The Port of Virginia set a record for monthly volume, 228,516 TEUs in January, an increase of 18.5% from the same month the previous year, and up 8% year-to-date.
Hunter and hunted? CSX extends board deadline
CSX Corp. on Friday announced that it was extending the deadline for board nominations to Feb. 24, giving an activist hedge fund more time to try and install Hunter Harrison…
New Orleans Public Belt for sale
A private operator is being sought for the New Orleans Public Belt Railroad, which operates more than 100 miles of track connecting to six major railroads in the Crescent City.
Virginia seeks project manager for Atlantic Gateway
Virginia is seeking a consultant to manage the rail portion of its $1.4 billion Atlantic Gateway multimodal project connecting Washington and Fredericksburg, Va.
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