Rail

CSX rises after stunning Wall Street with rail-efficiency gains including second-quarter operating ratio setting a U.S. record as costs fall and cargo demand for coal and consumer goods fuel sales increase.

Any logistics shipper planning facilities in or near major metro areas would be wise to think ahead and have competitive modes in place for future price negotiations with the rail oligarchy.

CSX's decision to market these non-core properties, six additional rail segments totaling approximately 650 miles, follows a detailed evaluation of each line and its potential to be operated more efficiently by a highly qualified third party.

General Electric Co. has agreed to merge its railroad business with Wabtec Corp. in a deal valued at roughly $11 billion, letting GE raise some cash to fund its turnaround and shed one of its oldest operations, the strategic combination will drive shareholder value creation by accelerating innovation in transportation and logistics.

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.

Labor accord on United States railroads has been reached, with the National Railway Labor Conference announcing today that U.S.-based major freight railroads have come to tentative agreements.

A farmer’s financial success hinges on proper planning and execution before the agriculture calendar turns to fall, this includes proper supply chain planning and a consistent and dependable rail service product to meet market demand.

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.

Earlier this month, Class I railroad carrier CSX said that it had made various changes for its intermodal freight offerings into and out of several southeastern-based United States facilities.

CSX in partnership with the U.S. Department of Transportation and other organizations is observing the first national Rail Safety Week from September 24-30, 2017, with the goal of raising awareness rail safety education and empower the general public to keep themselves safe near highway-rail grade crossings and railroad rights-of-way.

The CSXT-partner operated Pittsburgh Intermodal Rail Terminal opened on September 6, 2017, providing freight shippers a brand new transportation option to move freight to and from western Pennsylvania.

Offering greater capacity, increased lane options and improved reliability, shippers should consider Intermodal Rail as part of a robust transportation portfolio.

Learn how to increase access to capacity, reduce transportation costs and mitigate exposure to future trucking regulations.

Prospects are looking bright for a tax credit geared towards short line railroads to become permanent through a piece of House of Representatives legislation entitled the Building Rail Access for Customers and the Economy (BRACE) Act, according to the American Short Line and Regional Railroad Association (ASLRRA).