line with truck tonnage but well shy of CSX 's 9% domestic growth). Fuel cost was ..... escaping comparison with the Eastern peer, and CSX performed better in the period. It increased ..... declined only 2%. Overall intermodal units at CSX grew just 1%, but domestic intermodal
his vocal advocacy for additional consolidation during the past several years, and his raising the possibility of merging with CSX just a couple of quarters ago, but he gave no additional explanation despite some analyst nudging. Second, Harrison indicated
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