CSX Corporation

CSX looking to take advantage of tight truck capacity

A photograph of a CSX train traveling by a forest.

With precision scheduled railroading firmly in place after nearly four years, CSX (NASDAQ: CSX) is seeking to gain more market share through short-term and long-term opportunities, in part because of how the railroad addressed capacity needs in the third quarter.

“If you’d had this kind of traffic surge across the rail network in North America four, five years ago, we would be now talking about gridlock across all the major cities in the country and we wouldn’t be doing anything,” said CSX...

https://s29755.pcdn.co/news/csx-looking-to-take-advantage-of-tight-truck-capacity

US weekly rail volumes higher amid intermodal gains

A photograph of a train passing through a railroad crossing.

U.S. rail volumes on a weekly basis rose 2% amid a 11% increase in intermodal traffic.

U.S. freight railroads originated 518,763 carloads and intermodal units for the week ending Saturday, rising 2.2% from the same period a year ago, according to the Association of American Railroads.

Of that, weekly intermodal traffic totaled 291,935 intermodal containers and trailers, a 11.3% increase from the same period a year ago, while carloads were 7.5% lower, at 226,828.

Year-to-date U.S. rail volumes...

https://www.freightwaves.com/news/us-weekly-rail-volumes-higher-amid-intermodal-gains

Lower revenue dents CSX’s third-quarter profit

A photograph of a CSX train winding through a field.

CSX (NASDAQ: CSX) reported third-quarter 2020 net income of $736 million, or 96 cents per share, compared with $856 million, or $1.08 per share, in the third quarter of 2019 amid a drop in revenue and “lower economic activity resulting from the COVID-19 pandemic.”

(CSX)

Third-quarter revenue fell 11% year-over-year to $2.65 billion, with intermodal volume growth more than offset by declines in coal and merchandise volumes, CSX said. Lower fuel surcharge revenue also affected overall revenue.

But...

https://s29755.pcdn.co/news/lower-revenue-dents-csxs-third-quarter-profit

NTSB investigates worker’s death at CSX yard in Virginia

A photograph of a CSX train.

Federal investigators are looking into the death of a CSX (NASDAQ: CSX) employee at the Acca Yard in Richmond, Virginia, on Oct. 12.

Randy Sandy, 37, worked as a conductor for CSX, according to labor groups SMART-Transportation Division (TD) and Railroad Workers United. Sandy was a member of SMART-TD’s Local 662. He leaves behind a wife and five children, according to SMART-TD.

The circumstances surrounding the incident haven’t been released.

“The entire CSX family mourns this loss. We extend our...

https://www.freightwaves.com/news/ntsb-investigates-workers-death-at-csx-yard-in-virginia

CSX freight train splits semi on tracks near Indianpolis

Truck on fire after train slams into it.

A CSX freight train slammed into a tractor trailer stuck on the tracks about 15 miles northeast of Indianapolis, according to footage of the accident obtained by WISH-TV from a local bystander.

The Pendleton/Falls Creek Township Fire Department said in a Facebook post that the collision occurred Friday evening. The train pushed the cab down the track a couple hundred yards from the point of impact and both the truck and the train caught fire. Crews were able to extinguish the fire and no one was...

https://s29755.pcdn.co/news/csx-freight-train-splits-semi-on-tracks-near-indianpolis

CSX, CN announce board appointments

A photograph of a CSX train traveling through an open field.

This week, Eastern U.S. railroad CSX (NASDAQ: CSX) and Canadian railway CN (NYSE: CNI) announced new members of their boards of directors.

CSX said Thursday that Lt. Gen. (Ret.) Thomas Bostick joined the company’s board, effective immediately. 

Bostick served in the Army for 38 years, including as the chief of engineers and commanding general of the U.S. Army Corps of Engineers. After he retired from the military, he became chief operating officer of Intrexon and president of Intrexon...

https://s29755.pcdn.co/news/csx-cn-announce-board-appointments

Cargill urging regulators to seek last-mile metrics from railroads (with video)

Responding to pressure to be more transparent about their service performance following the major railroad mergers of the 1990s, the freight railroads began providing shippers and regulators weekly data on metrics such as rail car velocity and terminal dwell times.

But one measure that they haven’t been providing, asserts an executive at one of the country’s largest agribusiness companies, is how well they’ve been performing against the promise of Precision Scheduled Railroading (PSR), an...

https://www.freightwaves.com/news/cargill-urging-regulators-to-seek-last-mile-metrics-from-railroads-with-video

US weekly intermodal volumes push higher

A photograph of a tank car and a hopper traveling by a railroad crossing.

Weekly U.S. intermodal volumes were up by nearly a quarter last week amid increased activity for domestic and international containers and trailers.

U.S. freight railroads moved 287,339 intermodal containers and trailers for the week that ended Saturday, a 24.5% increase compared with the same period in 2019, according to the Association of American Railroads (AAR). 

Although intermodal volumes have been trending higher in recent weeks, last week’s year-over-year increase may also be partly...

https://s29755.pcdn.co/news/us-weekly-intermodal-volumes-push-higher

Storm cleanup to cause Louisiana rail shippers some delay

Union Pacific

The nation’s Class I railroads expect to have service restored this weekend on tracks serving the ports and industrial facilities on the Gulf Coast between Houston and New Orleans.

Hurricane Laura, packing 120 mph winds when it made landfall early Thursday morning, caused significant damage in the Lake Charles, Louisiana, area.

Union Pacific (UP) (NYSE: UNP) said Friday it is still clearing away storm-related debris from several of its track lines through southern Louisiana.

“We continue to work...

https://www.freightwaves.com/news/storm-cleanup-to-cause-louisiana-rail-shippers-some-delay

Progress continues on construction of CSX intermodal terminals

A photograph of a CSX train at a rail crossing. There are town buildings nearby the train tracks.

Although the COVID-19 pandemic has pushed back construction timelines, Eastern U.S. railroad CSX (NASDAQ: CSX) is forging ahead with the construction of two new intermodal terminals, one in Rocky Mount in eastern North Carolina and the other in North Baltimore in northwest Ohio.

CSX expects to complete construction of both the North Carolina project, known as the Carolina Connector or CCX, and the northwest Ohio project in early 2021.

CCX will be located on the CSX network and near the Triangle...

https://s29755.pcdn.co/news/progress-continues-on-construction-of-csx-intermodal-terminals

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