CSX Transportation and Canadian National see strong intermodal volumes continuing through March as retailers across North America look to replenish their inventories. Intermodal traffic, which tanked along with the rest of rail volume at the onset of the COVID-19 pandemic, has bounced back faster than carload volumes and is currently running ahead of last year’s […]
JACKSONVILLE, Fla. — CSX Transportation’s third-quarter earnings sagged under the weight of pandemic-related traffic and revenue declines. The railroad’s operating income fell 11%, to $1.1 billion, as revenue declined 11%, to $2.6 billion. Earnings per share slumped 11%, to 96 cents. The railroad’s operating ratio was 56.9%, a 0.1-point increase compared to the quarterly record […]
Wednesday morning rail news: NTSB begins investigation into death of CSX worker at Acca Yard The National Transportation Safety Board has begun an investigation into the death of a CSX Transportation employee at the railroad’s Richmond, Va., Acca Yard. WWBT-TV in Richmond reports Henico County police officers were called to the yard at about 2:45 p.m. on […]
Monday morning rail news: CSX train derailed by washout; chemical fire spurs evacuation Residents in a portion of Lilburn, Ga., were evacuated early Sunday morning after 38 cars of a CSX train derailed in the community 10 miles northeast of downtown Atlanta, leading to a chemical fire. Gwinnett County Fire and Emergency Services reports a crew member […]
A $47.5 million award allowing North Carolina to purchase the S-Line rail corridor heads a list of Consolidated Rail Infrastructure and Safety Improvments (CRISI) grants from the U.S. Department of Transportation announced by local politicians. Six grants totaling more than $13.8 million in Ohio, a $10 million grant for improvements in Springfield, Ill., and a […]
WASHINGTON — The CSX Transportation engineer whose train ran through a stop signal and sideswiped an oncoming train near Carey, Ohio, last year had a blood alcohol level five times the legal limit, and also had traces of marijuana in his system at the time of the crash, the National Transportation Safety Board said today. […]
KINGSPORT, Tenn. — The CSX Santa Train, an Appalachian tradition for more than seven decades, will be sidelined this year because of the COVID-19 pandemic, at least in its traditional form. CSX and the Kingsport, Tenn., Chamber of Commerce announced Thursday that the Santa Train, held annually the Saturday before Thanksgiving in Eastern Kentucky, Southwest […]
JACKSONVILLE, Fla. — CSX Transportation’s earnings dropped sharply in a yo-yo second quarter that included unprecedented declines in traffic volume and revenue, followed by a strong rebound. “Wow. Where do I start in talking about this quarter?” CEO Jim Foote asked in his opening remarks on the railroad’s earnings call Wednesday afternoon. “This was the […]
MARIETTA, Ohio — Short line Belpre Industrial Parkersburg Railroad is off to a good start since the 48-mile route in the Ohio Valley was spun off from CSX Transportation in May. Traffic could double over the line’s historical averages in the next 12 to 18 months, says Casey Cathcart, founder and president of Ohio-based Cathcart […]
FORT WORTH, Texas – BNSF Railway this week launched domestic intermodal service between Seattle and CSX Transportation’s Northwest Ohio Intermodal Terminal. “This new container-only service will initially be offered five days a week for both eastbound and westbound freight originating and terminating at our South Seattle Intermodal Facility,” BNSF said in a message to customers […]
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Canadian National’s already-approved purchase of CSX’s Massena Line may be in jeopardy. Canadian National WASHINGTON — Canadian National’s proposed acquisition of CSX Transportation’s Massena Line linking Montreal with Syracuse, N.Y., may fall through, the railroads told federal regulators this week. The Surface Transportation Board had previously approved CN’s acquisition of the line [see “Regulators approve […]
