CSX, the second Class I railroad to report first-quarter 2021 financial results, earned $706 million, or $0.93 per share—down 8.31% from the 2020 period’s $770 million, or $1.00 per share.
Railway Age is pleased to present the results of its second annual Readers’ Influential Leaders program.
CSX Corp. has closed the first phase of its $525 million rail agreement with Virginia for the commonwealth’s $3.7 billion initiative to improve passenger and freight rail capacity and relieve automotive traffic congestion.
“Unripe.” That is what CSX and Norfolk Southern (NS) have called Amtrak’s application with the Surface Transportation Board (STB) asking for an order requiring the freight railroads to permit access for twice daily round-trip passenger service between New Orleans and Mobile, starting on or about Jan. 1, 2022.
![The “Transforming Rail in Virginia” initiative, which Gov. Ralph Northam unveiled in December 2019, will “expand Amtrak and VRE [Virginia Railway Express commuter] rail services, create a pathway for the separation of freight and passenger rail in Virginia, and preserve future rail corridors.”](https://www.railwayage.com/wp-content/uploads/2021/03/Virginia-300x169.png)
The Commonwealth of Virginia, Amtrak, CSX and Virginia Railway Express (VRE) have finalized agreements for a $3.7 billion initiative to improve Virginia passenger and freight rail capacity and relieve automotive traffic congestion.
The U.S. Surface Transportation Board has ruled the CSX-Pan Am merger transaction a “significant” one subject to more formal review, along with a 10-month time clock on a final decision.
The Vermont Rail System (VRS) has opposed CSX’s acquisition of the Pan Am System in a filing with the Surface Transportation Board.
In a move that appears to be a pre-emptive strike, Amtrak has asked the Surface Transportation Board (STB) to intervene on its behalf if CSX and Norfolk Southern don’t cooperate on hosting proposed new service between New Orleans and Mobile.
Shipping container shortages in Asia, traffic jams at ports, limited availability of dockworkers and truck drivers from Southern California to Singapore, higher shipping prices—all are part of a now-stretched supply chain due to the pandemic, according to a recent New York Times report. What is the impact on rail?
Denver-based OmniTRAX is linking with customers interested in locating in northwest Ohio.
