CSX Corporation

CSX plans extra training after deaths of 2 conductor trainees

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CSX is telling its conductor trainees to return to their home terminals for additional training...

https://www.freightwaves.com/news/csx-plans-extra-training-after-deaths-of-2-conductor-trainees

CSX exec to depart; rail shippers urge renomination of STB members

A pair of unrelated statements Friday on freight rail leadership transitions underscore the push and pull of leadership dynamics of the industry.

CSX’s executive vice president of operations to depart

Jamie Boychuk, executive vice president of operations for eastern U.S. Class I rail carrier CSX, is leaving, the company said Friday.

CSX (NASDAQ: CSX) didn’t specify when his last day would be, but the railroad thanked Boychuk for his six years of contributions to the company as well as his role in...

https://www.freightwaves.com/news/csx-exec-to-depart-rail-shippers-urge-renomination-of-stb-members

Railroads reach deals with unions on sick leave, conductor training

Class I railroads BNSF and CSX have announced agreements with key labor groups: BNSF reached a sick leave and work-rest agreement with the union representing locomotive engineers, while CSX and the union representing conductors partnered to enhance CSX’s training program for conductors.

BNSF strikes sick leave and work-rest agreement with BLET

Western U.S. rail carrier BNSF has reached a systemwide agreement for sick leave with the Brotherhood of Locomotive Engineers and Trainmen (BLET), the...

https://www.freightwaves.com/news/railroads-reach-deals-with-unions-on-sick-leave-conductor-training

CSX continues to target truck-to-rail conversions

CSX is playing a long-term game when looking at encouraging shippers to switch from using trucks to using the railroads, and quantifying what that might look like could take some time, executives said during the eastern U.S. Class I railroad’s earnings call to discuss second-quarter 2023 results. 

“I think in terms of numbers we’ll probably put a finer point on the truck conversion opportunity over the next three years at some time in the future. There’s a huge focus by the team to really look...

https://www.freightwaves.com/news/csx-continues-to-target-truck-to-rail-conversions

CSX’s Q2 profit slips 15% on lower revenues

A 3% drop in revenue put pressure on CSX’s net profits for the second quarter of 2023, according to financial results that the company released late Thursday.

Revenue at the eastern U.S. Class I railroad fell 3% to $3.7 billion from the second quarter of 2022 amid lower fuel prices, reduced supplemental revenue, a decline in export coal benchmark prices and a decrease in intermodal volumes, the company said. While there were volume increases for coal and CSX’s merchandise segment — including...

https://www.freightwaves.com/news/csxs-q2-profit-slips-15-on-lower-revenues

Sites across US primed for rail-served industrial development

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Western U.S. railroad BNSF and eastern U.S. rail carrier CSX are involved in or at least being...

https://www.freightwaves.com/news/sites-across-us-primed-for-rail-served-industrial-development

Renewable fuels feedstock facility opens on CSX network in Mississippi 

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Renewable fuels producer Oleo-X has established a production facility in Mississippi that will be...

https://www.freightwaves.com/news/renewable-fuels-feedstock-facility-opens-on-csx-network-in-mississippi

3 US Class I railroads must keep giving STB service improvement updates

Three of the four U.S. Class I railroads must continue submitting biweekly rail service progress reports to federal regulators through the end of the year as proof of improving rail service because they have not fully met their service targets.

The requirement by the Surface Transportation Board applies to Union Pacific (NYSE: UNP), BNSF (NYSE: BRK.B) and Norfolk Southern (NYSE: NSC). CSX (NASDAQ: CSX) will no longer be required to do so because it has met nearly all of its one-year service...

https://www.freightwaves.com/news/3-us-class-i-railroads-must-keep-giving-stb-service-improvement-updates

Rail Roundup: CSX, Greenbrier and Norfolk Southern

CSX reaches sick leave agreement with IBEW

Eastern U.S. railroad CSX (NASDAQ: CSX) has reached a sick leave agreement with the International Brotherhood of Electrical Workers (IBEW).

“We are pleased by the progress we are making to improve the dialogue and strengthen relationships with rail labor,” CSX President and CEO Joe Hinrichs said in a Wednesday news release. “This newest agreement, with the IBEW, is a continuation of the spirit of cooperation that we are committed to pursuing as we work...

https://www.freightwaves.com/news/rail-roundup-csx-greenbrier-and-norfolk-southern

CSX reaches sick leave agreements with more union groups

Divisions of the International Association of Machinists and Aerospace Workers (IAM) and Brotherhood of Railway Carmen (BRC) unions have reached sick leave agreements with CSX, the railroad announced Tuesday.

Specifically, the agreements are for IAM roadway mechanics and BRC Carmen for Fruit Growers Express Company, CSX said. Last week, CSX (NYSE: CSX) announced that it had reached sick leave agreements with the parent organizations of these unions. 

These two groups bring the total number of...

https://www.freightwaves.com/news/csx-reaches-sick-leave-agreements-with-more-union-groups

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