CSX

Trucking stocks tumble, but Citi sees opportunity in chaos

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

NS: CSX Virginia terminal railroad antitrust claims a ‘ghost story’

WASHINGTON — Norfolk Southern has urged the Surface Transportation Board to continue a case of regulatory housekeeping involving control of Virginia terminal railroad Norfolk & Portsmouth Belt Line.

Last month CSX told the STB that the Justice Department was probing its allegations about anticompetitive conduct involving NS and NPBL at a major Norfolk container terminal. CSX also asked the board to conduct a thorough review of competitive issues at the Norfolk International Terminal.

CSX contends...

https://www.freightwaves.com/news/ns-csx-virginia-terminal-railroad-antitrust-claims-a-ghost-story

Justice probes antitrust claims against NS, Norfolk & Portsmouth Belt Line

WASHINGTON — The Justice Department’s Antitrust Division is investigating Norfolk Southern and Virginia terminal railroad Norfolk & Portsmouth Belt Line for alleged anticompetitive conduct against CSX at a major Norfolk container terminal.

CSX, which says NPBL operates like an alter ego of NS, disclosed the investigation in a filing with the Surface Transportation Board last week.

CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since...

https://www.freightwaves.com/news/justice-probes-antitrust-claims-against-ns-norfolk-portsmouth-belt-line

Machinists union ratifies CSX pact

CSX announced on Monday that employees represented by the International Association of Machinists and Aerospace Workers (IAM) have voted to ratify the five-year collective bargaining agreement.

“IAM’s ratification is a testament to the strength of our partnership with union leadership,” said Joe Hinrichs, president and chief executive of CSX (NASDAQ: CSX), in a release. “This underscores our commitment to fostering a workplace where every employee feels valued and respected. Together, as ONE...

https://www.freightwaves.com/news/machinists-union-ratifies-csx-pact

US weekly rail volume falls compared to 2024

United States rail traffic fell below year-ago levels for the week ending Feb. 22, halting a string of three weeks of traffic gains.

According to statistics from the Association of American Railroads, total volume was 458,514 carloads and intermodal units, down 5.1% from the same week a year ago. That included 193,252 carloads, a 13.6% decrease, and 265,261 containers and trailers, up 2.3%.

The last time 2025 traffic was below 2024 levels was the week ending Jan. 25, off 2.5%.

All but one carload...

https://www.freightwaves.com/news/us-weekly-rail-volume-falls-compared-to-2024

After bridge collapse, Port of Baltimore sees second-best year for cargo

The Helen Delich Bentley Port of Baltimore handled 45.9 million tons of cargo in 2024, its second-best year on record after 52.3 million tons in 2023, as the mid-Atlantic gateway continued to recover from the collapse of the Francis Scott Key bridge in March.

A total of 25.5 million tons of cargo was handled during the last six months of 2024, with a value of $62.2 billion, third-highest in the port’s history.

Maryland Gov. Wes Moore made the announcement at a media event Tuesday.

Baltimore...

https://www.freightwaves.com/news/after-bridge-collapse-port-of-baltimore-sees-second-best-year-for-cargo

Tariffs call for cautious approach, rail execs say

Class I railroad chief executives told an investor conference that their crystal ball is as cloudy as anyone’s regarding the potential impact of the tariffs that President Donald Trump has threatened to impose on Mexico and Canada.

The 25% tariffs initially were due to begin this month, but Trump subsequently delayed them until March after an initial round of talks with government leaders in Mexico City and Ottawa. The president also has imposed 10% tariffs on goods imported from China, and has...

https://www.freightwaves.com/news/tariffs-call-for-cautious-approach-rail-execs-say

Servicio local sigue siendo un punto de conflicto para los ferrocarriles de clase I

En el primer trimestre de 2025, los ferrocarriles de Clase I en América del Norte están demostrando hasta ahora niveles variados de rendimiento del servicio, según nuevas métricas ordenadas por la Junta de Transporte de Surface. El STB ahora requiere que los ferrocarriles de carga importantes...

https://fullavantenews.com/servicio-local-sigue-siendo-un-punto-de-conflicto-para-los-ferrocarriles-de-clase-i/?lang=es

El volumen ferroviario de EE. UU. Aún en las últimas estadísticas semanales

El tráfico ferroviario de EE. UU. Se acabó en la semana que terminó el 8 de febrero, la quinta vez en seis semanas de 2025 ese volumen ha mostrado una ganancia en los niveles de 2024. Según la Asociación de Ferrocarriles Americanos, el tráfico de la semana fue de 502,449 cargas de automóviles y...

https://fullavantenews.com/el-volumen-ferroviario-de-ee-uu-aun-en-las-ultimas-estadisticas-semanales/?lang=es

Local service still a sticking point for Class I railroads

In the first quarter of 2025, Class I railroads in North America are so far demonstrating varied levels of service performance, according to new metrics mandated by the Surface Transportation Board. The STB now requires major freight railroads to report additional data on on-time percentages, train speeds and terminal dwell times in an effort to increase transparency and accountability.

The new STB metrics, which began being collected in September 2024, establish baseline standards for on-time...

https://www.freightwaves.com/news/local-service-still-a-sticking-point-for-class-i-railroads

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