The U.S. Supreme Court has turned down CSX Transportation’s effort to revive an antitrust lawsuit against Norfolk Southern over access at the Port of Norfolk, Virginia.
Reuters reports that the court on Monday announced it would decline to hear the case, dismissed last August by a lower court. The 4th U.S. Circuit Court of Appeals in Virginia ruled CSX had failed to act against NS (NYSE: NSC) within the four-year window for filing antitrust claims.
In a suit filed in 2018, CSX (NASDAQ: CSX)...
Railroad stocks tumbled Thursday in response to the Trump administration’s Wednesday announcement of widespread tariffs on U.S. trading partners.
It was an indication that investors believe the tariffs will raise prices and have a negative impact on consumer spending, which in turn will reduce demand for the raw materials and finished products that railroads carry.
As U.S. stock markets opened on Thursday, the S&P 500 was down nearly 4%. CSX (NASDAQ: CSX) and Union Pacific (NASDAQ: UNP) stock...
https://www.freightwaves.com/news/new-us-tariffs-hit-railroad-stocks-in-early-trading
The fourth quarter of 2024 saw mixed results for North America’s seven largest freight railroads, reflecting ongoing economic uncertainties and shifting trade patterns, but carriers should see steady if unspectacular results in 2025 after taking proactive measures, according to a new study.
Consultant Oliver Wyman surveyed key performance metrics, and found revenue performance in Q4 2024 was generally flat or slightly down compared to Q4 2023, continuing the slower business trends seen...
El cuarto trimestre de 2024 vio resultados mixtos para los siete ferrocarriles de carga más grandes de América del Norte, lo que refleja las incertidumbres económicas en curso y los patrones comerciales cambiantes, pero los transportistas deben ver resultados estables aunque poco espectaculares en 2025 después de tomar medidas proactivas, según un nuevo estudio. El […]
Esta entrada México aumentó CPKC, FXE en 2024, ya que otros ferrocarriles vieron ingresos más débiles Aparece primero en FullAvan...
A Trump administration port fee proposal designed to boost the U.S. shipbuilding industry could scramble international intermodal traffic, shift some container business to ports in Canada and Mexico, and help Canadian National and Canadian Pacific Kansas City railroads in the process.
In February, the Office of the U.S. Trade Representative floated a plan to impose steep fees on Chinese vessels that call on U.S. ports. Vessels operated by Chinese companies would face a $1 million port call fee....
WASHINGTON – La Junta de Transporte Surface analizará más de cerca la propuesta de Norfolk Southern de controlar oficialmente la línea de cinturón de Norfolk y Portsmouth de Virginia Terminal. CSX le había pedido a la junta que revisara los problemas de competencia que involucran NS y NPBL. CSX y...
WASHINGTON — The Surface Transportation Board will take a closer look at Norfolk Southern’s proposal to officially control Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX had asked the board to review competition issues involving NS and NPBL.
CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since 1982 by virtue of its 57% ownership stake; CSX owns the other 43% of the railroad that was created as a neutral switching...
https://www.freightwaves.com/news/stb-to-scrutinize-ns-bid-to-control-norfolk-portsmouth-belt-line
BALTIMORE — Just hours after empty coal train E730 rolled through the Howard Street Tunnel at 3:35 a.m. Feb. 1, a small army of contractors and CSX workers arrived to begin removing the 1.7-mile tunnel’s single track.
The 100-car coal train was the last through the 1895 Baltimore & Ohio tunnel, which will be shut down for six to eight months as work on the double-stack clearance project continues around the clock, seven days a week.
For now that means detouring 16 scheduled trains per day — five...
https://www.freightwaves.com/news/csx-detours-16-plus-trains-per-day-as-baltimore-tunnel-work-begins
NEW YORK — CSX is moving more tonnage on fewer trains this year as part of a significant reduction in the number of road train starts.
The 10% decline in coal volume this year has contributed to the reduction, Chief Financial Officer Sean Pelkey told an investor conference Tuesday. “But there’s a significant amount of reengineering of the network,” he said. “The Cumberland Yard … has been a big driver of that.”
CSX has completed a reconfiguration of the yard in Cumberland, Maryland, that nearly...
https://www.freightwaves.com/news/improved-cumberland-maryland-yard-helps-csx-reduce-train-starts
Citi’s transportation analysts have released a report suggesting that the recent sell-off in trucking stocks may be overblown, driven by investors’ overreactions to sharp declines in trucking spot rates. The report highlights key factors and trends shaping the sector.
Truckload spot rates have plummeted in early 2025, erasing gains from late 2024. While this drop partly reflects seasonal norms, its magnitude has exceeded investor expectations, fueled by excess capacity and soft demand in the...
https://www.freightwaves.com/news/trucking-stocks-tumble-but-citi-sees-opportunity-in-chaos