STB: Four Class I’s revenue-adequate in 2015

The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the “Big Seven” (five U.S. carriers and two U.S. subsidiaries of Canadian roads), four made the cut.

CFO change at CP

Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed interim Vice President and CFO.

CSX updates third-quarter guidance

CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts on Sept. 7, 2016 at the Cowen and Company 9th Annual Global Transportation Conference in Boston about the company’s third-quarter expectations, full-year guidance and long-term strategy “for managing a changing business profile.”