csx

Eastern U.S. railroad CSX's (NYSE: CSX) use of a train inspection portal (TIP) to look for defects as a train is going full speed has been a success so far, company representatives said, with the technology developing algorithms to catch potential flaws. CSX has been using the TIP, which has been...

Eastern railroad CSX (NASDAQ: CSX) expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives said Thursday during CSX's fourth-quarter earnings call. "We expect underlying...

CSX's (NASDAQ: CSX) net profit for the fourth quarter of 2019 slipped 8.5% amid declining revenues due to lower volumes and coal market headwinds, the company said Thursday. Net earnings for the fourth quarter totaled $771 million, or 99 cents a share, compared with $843 million, or $1.01 a share...

CSX (NYSE: CSX) and state partners in Virginia have agreed to create separate routes for passenger rail and freight rail south of Washington, D.C. and into Virginia. The $3.7 billion investment includes building a new Long Bridge across the Potomac River. The new bridge, which will be owned by the...

FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. CSX (NASDAQ: CSX) has designated the Henderson Bypass rail site in Henderson, Kentucky, as a CSX Select Site, a "development-ready property...

The state of Maryland has secured funding to reconstruct Baltimore's Howard Street Tunnel to allow for double stacking, but the details are still forthcoming. The Baltimore Sun reported on Dec. 5 that Maryland has enough funds for the project, which would enable CSX (NASDAQ: CSX) to run double...

Before the Canadian National (NYSE: CNI) or CSX (NASDAQ: CSX) rolled out precision scheduled railroading (PSR) under the leadership of the late E. Hunter Harrison, a much smaller terminal railroad company in the eastern United States was demonstrating aggressive cost reduction. It was Consolidated...

CSX (NASDAQ: CSX) is taking a bold transparency move. In releasing this kind of performance information, it is also at the early stages of disclosing how poor logistics delivery to customers has been in the past. But, to correct and improve, it is necessary to admit the depth of the service...

Despite lower revenues in the third quarter of 2019, CSX (NYSE: CSX) lowered its operating ratio to a company record of 56.8 percent, compared with 58.7 percent in the third quarter of 2018. Operating ratio can be a measure of a railroad's profitability. The lower the percentage, the higher the...

Eastern U.S. railroad CSX (NYSE: CSX) and Western U.S. rail carrier Union Pacific (NYSE: UNP) have made recent changes to their sales and marketing teams as both companies seek new opportunities in the merchandise segment. CSX CSX has tapped Farrukh Bezar to become its senior vice president of...

Back in the spring of 1992, a meeting took place between multiple railroads at a farm estate in remote Missouri. The purpose was to coordinate building an interline service track and trace data system that could help predict railroad freight performance at the carload level.  Interline reporting...

Eastern U.S. railroad CSX (NYSE: CSX) has promoted two members to its leadership team, the company said on October 2. It has appointed Kevin Boone as its chief financial officer (CFO) and Jamie Boychuk as executive vice president of operations. "Both Kevin and Jamie have played a significant...

This weekend's Barron's offers a look at what's in store for North American railroad stocks. Other featured articles discuss changing oil stock dividends and potential results from a major media merger. Also, the prospects for the iPhone maker, a luxury fashion company, a French oil...

The head of CSX (NYSE: CSX) said his company needs to change the way it does business so that CSX can compete with trucks and be a reliable option in the future where e-commerce is booming and coal is declining. "The days of going to the customer and saying, ‘what have you got for me today' are...

Eastern Class I railroads CSX (NYSE: CSX) and Norfolk Southern (NYSE: NSC) say customers should expect service delays this week as Hurricane Dorian brings heavy rains and strong winds to the southeastern coast of the U.S.  CSX expects Dorian to impact portions of CSX's network over the next three...