Intermodal

CSX Sets Operating Ratio Record in 3Q19

CSX announced 3Q19 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year—an EPS increase of 3%. CSX’s operating ratio set a new company record of 56.8%, improved from 58.7% in the prior year.

Short Lines: Custom, High-Growth Freight Service

Are short lines offering a better customer experience than Precision Scheduled Railroading (PSR)? The Class I railroad business seems to be all about the benefits of PSR. That’s the name of a cost minimization business strategy introduced more than a decade ago at CN, now expanding as the service model at five of the other six large North American railroad companies (Norfolk Southern, CSX, Union Pacific, Kansas City Southern and Canadian Pacific). Class I’s annually earn more than a Federal Railroad Administration-set threshold of $500 million in revenues.

J.B. Hunt 3Q19: PSR Helped—A Little

J.B. Hunt Transport’s (JBHT) third-quarter 2019 financials fell below expectations as, among other factors, “intermodal rail service appears to have improved, but not to the railroads’ goals associated with Precision Scheduled Railroading (PSR),” according to Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer.

R.J. Corman Awarded Contract for Texas Logistics Park

R. J. Corman Switching Company, LLC was awarded a contract to be the switching and transloading provider for the 137-acre multi-modal Hempstead Logistics Park owned by McAlister Assets and operated by RCR Rail Co. The Union Pacific-served logistics park is in Hempstead, Texas, approximately 50 miles northwest of Houston, Texas.