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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.
Creel takes the throttle at CP
Keith Creel has assumed his new role as President and Chief Executive Officer of Canadian Pacific, becoming the 17th person to lead the railroad since its founding in 1881.
CSX names TRAC Intermodal key supplier
CSX recently named TRAC Intermodal, the U.S.’s largest intermodal chassis pool manager and equipment supplier of domestic and international transportation companies, as a key supplier in the category of Customer…
Does CSX need the "HH cure"?
First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our industry’s best all-time…
EHH: Is CSX next? Let the speculation begin
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous…
CSX: 4Q revenue up, 2016 revenue down
On Jan. 17, CSX Corporation announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of…
Cowen and Company: "Notable earnings improvement in '17"
Optimism was the main thread that ran across the presentations we saw at the Midwest Association of Rail Shippers (MARS) meeting in Chicago Jan. 11-12. Most people felt better about…
Road & Rail Services wins TDSI Terminal Excellence Award
Road & Rail Services, Inc. was recently awarded the Terminal Excellence Award for the month of September 2016 by CSX’s subsidiary, TDSI.
CSX 4Q update: "Macroeconomic headwinds are moderating"
CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts Nov. 30 at the Credit Suisse 4th Annual Industrials Conference regarding the company’s expectations for…
CSX looks beyond 4Q
CSX Corporation Executive Vice President and Chief Operating Officer Cindy Sanborn updated investors and analysts on Nov. 9 at Baird’s 2016 Industrial Conference in Chicago regarding the company’s expectations for…
CSX promotes Rutherford
CSX Executive Vice President and Chief Sales & Marketing Officer Fredrik Eliasson announced November 8 the promotion of Michael Rutherford to Vice President-Industrial Products, effective immediately.
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