CSX

• October 17, 2018
• Class I, Freight, Intermodal, News

CSX 3Q18: If Hunter could only see this

Nearly one year after his death at 73, the legendary Hunter Harrison’s quest to improve CSX’s performance through Precision Scheduled Railroading (PSR) appears to be in full swing. CSX’s 3Q18 net earnings of $894 million, or $1.05 per share, vs. $459 million, or $0.51 per share in the same period last year, is a 106% increase. CSX’s operating ratio set a company third-quarter record of 58.7%, compared with 68.4% in the prior year—a 970 basis point improvement.

• October 17, 2018
• Class I, Freight, Intermodal, News

Crude pumps up weekly carload report

Commodity and intermodal rail traffic continued to finished in positive territory for the latest week, but at a much slower pace than earlier in the year.

• October 17, 2018
• Class I, Freight, M/W, News

Norfolk Southern, CSX continue recovery from effects of Hurricane Michael

The Class 1 carriers continue to make repairs and clean up lines a week after Hurricane Michael whipsawed the South with destructive winds and torrential rain.

• October 15, 2018
• Class I, Freight, News

CSX-served industrial park seeks tenants

A South Florida industrial park to be served by CSX has competed Phase I of development and is actively seeking commercial tenants.

• October 11, 2018
• Class I, Freight, News

CSX Board chair Kelly retires

CSX Board Chairman Edward J. Kelly III announced his retirement retirement effective January 2019, following the release of the company’s fourth quarter earnings.

• October 03, 2018
• Class I, Freight, Intermodal, News, Short Lines & Regionals, Switching & Terminal

Intermodal, crude lead AAR volumes higher in September

September’s change of seasons didn’t cool off the year-long rise in U.S. rail freight commodities and intermodal traffic.

• October 02, 2018
• Class I, Freight, Intermodal, News, Switching & Terminal

BNSF, CSX launch LA-Ohio intermodal service

BNSF and CSX will launch a container-only direct-rail domestic and international intermodal service between Los Angeles and CSX’s Northwest Ohio Intermodal Terminal in North Baltimore, Ohio, on Oct. 29, 2018. The new service will run eastbound and westbound with departure offerings five days per week in each direction.

• September 24, 2018
• Class I, Freight, News

For CSX, a flood of controversy and speculation

A flood of controversy is swirling around CSX following media reports blaming the railroad for catastrophic flooding in Lumberton, N.C., during Hurricane Florence, which inundated much of the state’s low-lying coastal areas.

• September 24, 2018
• Class I, Freight, Intermodal, News

Georgia to double intermodal rail capacity

The state of Georgia will spend $92 million to double the Port of Savannah’s annual rail capacity to more than 1 million containers by 2020.

• September 18, 2018
• Class I, Freight, Intermodal, News, Regulatory

UP: More like CSX?

Union Pacific late on Sep. 17 (following Wall Street close of business) announced a new operating plan, “Unified Plan 2020,” that “implements Precision Scheduled Railroading principles” that were deployed over the past 20-odd years at, in order, Illinois Central, CN, Canadian Pacific and CSX by the late E. Hunter Harrison.