Freight rail’s Q3 dominated by labor contract uncertainties, service issues

A man stands in front of a parked locomotive.

A last-minute tentative labor agreement struck by the railroads and the two largest U.S. railroad unions dominated the headlines in the third quarter. But headcount updates, questions about rail service improvements, a surprise announcement that there is a new CEO at CSX and efforts to fully restore service in the wake of Hurricane Ian also are expected to be addressed as the Class I railroads release their Q3 2022 earnings later this month. 

“These macro events are sort of overwhelming the...

https://www.freightwaves.com/news/freight-rails-q3-dominated-by-labor-contract-uncertainties-service-issues

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