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CSX Provides Surface Transportation Board with Update on Precision Scheduled Railroading Progress

In a letter to leadership at the United States Surface Transportation Board, CSX CEO James Foote outlined the progress the Jacksonville, Fla.-based Class I freight railroad carrier has made in its ongoing implementation of Precision Scheduled Railroading.

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Freight volumes, Intermodal containers and trailers headed up 5% to 270,586, ahead of the 207,216 recorded for the week ending January 6.

Carloads dropped 5.2% to 208,646. Intermodal containers and trailers fell 3.9% annually to 207,216.

Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.

In a letter to leadership at the United States Surface Transportation Board, CSX CEO James Foote outlined the progress the Jacksonville, Fla.-based Class I freight railroad carrier has made in its ongoing implementation of Precision Scheduled Railroading.

CSX CEO Hunter Harrison has died at the age of 73, the company said Saturday, the news comes a day after CSX disclosed Harrison took a leave of absence for undisclosed medical reasons.

Carloads, at 267,963, were up 3.4% annually, and intermodal containers and trailers rose 4.6% annually to 292,793 units.

A prominent industry analyst has observed that that 2018 is expected to be a much better year for railroads and shippers who rely on them.

Rail carloads headed up 0.2% to 230,326, and intermodal containers and trailers increased 4.7% to 233,276.

Rail carloads dropped 1.7% annually to 266,652, and intermodal containers and trailers eked out a 0.01% annual increase to 272,087.

Carloads, at 1,065,777, were off 0.1%, or 1,220, annually and intermodal set a new monthly record with a 6.4% annual gain to 1,144,157.

DCLI Chassis Link, a Charlotte, NC-based provider of marine chassis and asset management services to the U.S. intermodal industry, said it has inked a definitive agreement to acquire TRAC Intermodal’s fleet of roughly 72,000 53-foot domestic chassis and related customer and hosting contracts with major Class I railroads and intermodal shipping companies throughout the United States.

Mr. James M. Foote, former president and chief executive officer of Bright Rail Energy is joining CSX as chief operating officer and will have responsibility for both operations and sales and marketing.

Go Behind the Freight Move and see how an intermodal shipment is delivered from point A to point B in panoramic 360° views, follow a container from the road to the rail and soar high above an intermodal terminal and watch as trucks and trains work together to move freight efficiently across the U.S.

In this webinar our panel will discuss the new service challenges facing rail/intermodal providers and offer practical advice for how shippers can keep efficiency high and costs down.

Carloads fell 2.3%, or 24,106, annually to 1,044,563, and Intermodal volumes in September headed up 3.8%, or 39,482 units, to 1,080,444 containers and trailers.