MIAMI — CSX Transportation’s capital spending is perfectly in line with the railroad’s current maintenance and growth needs, CEO Jim Foote says. The railroad will spend about $1.6 billion this year to maintain its network and embark on a handful of modest intermodal terminal expansion projects, down from $2.7 billion in 2016 — about a […]
CSX’s sharply reduced capital spending is in line with railroad’s needs, CEO says NEWSWIRE
