NEW YORK — Rebuilding from hurricane damage and a major tunnel project cost CSX a million dollars a day in lost revenue in the first three months of 2025, the railroad’s top financial executive told an investor conference. “We got hit in the first quarter; it was a difficult winter,” said Chief Financial Officer Sean […]
It’s been two years since CPKC CEO Keith Creel drove the ceremonial final spike at Knoche Yard in Kansas City to celebrate the merger of Canadian Pacific and Kansas City Southern. The symbolic event marked what rail executives, regulators, and analysts all expected would be the last merger involving two Class I railroads. But now […]
JACKSONVILLE, Fla. – CSX on Friday became the first Class I railroad to reach a tentative contract agreement with the Brotherhood of Locomotive Engineers and Trainmen in this round of bargaining. The five-year, single-system agreement, which must be ratified by the rank and file, covers the railroad’s 3,400 locomotive engineers. “I want to thank the […]
JACKSONVILLE, Fla. – CSX CEO Joe Hinrichs sought to rally the troops today as the railroad continues to battle congestion that began in the weeks before a key Baltimore tunnel was closed on Feb. 1 for a long-awaited clearance project. In a bulletin to employees, Hinrichs touted the railroad’s industry-leading operational and financial performance record […]
Despite mounting uncertainty over tariffs, trade policy, and the economy, most major railroads held firm on their 2025 outlooks — contrasting with a wave of guidance cuts across other industries. Among the five publicly traded Class I railroads, Canadian National, Norfolk Southern, and Union Pacific kept their guidance intact, while Canadian Pacific Kansas City and […]
WASHINGTON — A “lack of awareness” by the operator of maintenance equipment, incomplete communication regarding the movement of that machine, and its non-operational change-of-direction alarm have been cited as the probable cause and contributing factors in the death of a CSX maintenance-of-way foreman in a February 2024 incident in North Carolina. The National Transportation Safety […]
JACKSONVILLE — Members of the Brotherhood of Railway Signalmen have ratified a new five-year deal with CSX, the union and railroad announced today. CSX also announced ratification of an agreement with the International Brotherhood of Boilermakers, In Ship Builders, Forgers & Helpers, or IBB. The signalmen’s union said the agreement includes raises totaling 18.77% compounded […]
INDIANAPOLIS — A broken rail led to the derailment that sent several cars off an overpass and onto an Indianpolis roadway earlier this month, CSX Transportation told the Indianapolis Star. The broken rail in the railroad’s Hawthorne Yard in southeastern Indianapolis led to a six-car derailment about 6:35 p.m. on April 6, with five cars […]
WASHINGTON — 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, Va. Reuters reports that the court on Monday (April 21) announced it would decline to hear the case, dismissed last August by a lower court. The 4th U.S. […]
JACKSONVILLE, Fla. – CSX’s first quarter profits fell as congestion hurt volumes and revenue while driving up the railroad’s expenses. The railroad has been struggling operationally this year after a string of harsh storms. Roundabout detours required by the rebuilding of the hurricane-damaged Blue Ridge Subdivision and the closure of the Howard Street Tunnel in […]
VINCENNES, Ind. — The city of Vincennes has reached agreement with a Muncie, Ind., company to install a system informing drivers when railroad grade crossings are blocked. PBS station WVUT reports the city’s Board of Works approved a Memorandum of Understanding with Interfact to install cameras at six grade crossings in the city. Those cameras […]
Q: I have a question about one of the articles in your special issue Best of Industries. On page 16, Rich Cobb wrote about a fertilizer blend plant. Can you tell me what kind of loads a plant like this would receive? — Markus Russ A: We released that special-interest publication in 2021, so I […]
