CHICAGO, April 15 (Reuters) - Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp , and may continue to weigh on their profits.
anticipate an imminent resurgence in coal, but CSX decreased expenses 4% on flattish volume and revenue ..... Norfolk’s coal declined a more severe 10% versus CSX ’s 1% decline in coal carloads. CSX ’s quarterly results were clean, with benefits of
CHICAGO, April 14 (Reuters) - U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program.
CHICAGO, April 14 (Reuters) - U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, as a growing economy lifted freight volumes and allowed it to charge higher rates to customers.
well below the $1.26 consensus estimate. Norfolk is scheduled to report April 23, but when the other Eastern Class I rail, CSX , reports this afternoon it is likely to advise of similar challenges. Recent comments from U.S. rail management have softened
negative impact from fewer energy carloads, a 1% drag from lower U.S. fuel prices, and a 1% decline from the weaker peso. Kansas City Southern reports first-quarter earnings April 21; CSX reports first among the Class I's on April 15.
NEW YORK (Reuters) - A cleanup was continuing in the Kanawha River in West Virginia on Sunday after an oil spill last week following the derailment of a CSX Corp train, though drinking water was not affected, the company and federal officials said.
CSX delivered record fourth-quarter revenue, operating ..... by 8-10 percentage points, and consider CSX in the “improved, yet still improving” bucket ..... intermodal is the long runway for volume growth at CSX and elsewhere. Freight already moving on trucks
Michael Ward (I think I got his name correctly) the CEO of CSX was on CNBC after the bell on earnings release. The first question asked him was how much of decline in crude by rail had CSX seen. He said none, nor were thet expecting any. He also mentioned
part to the dominant market share position of the Class I rails (Burlington Northern, Union Pacific, Norfolk Southern and CSX ), the capital-intensive nature of the industry (capital requirements often exceed 20% of sales) and limited transportation