Dive Brief: CSX CEO Jim Foote said he would not rule out a merger with another Class I railroad. The comments, made at Credit Suisse’s 6th Annual Industrials Conference, followed a question by analyst Allison Landry on whether the company would consider joining up with Union Pacific or Norfolk Southern to help the two railroads […]
By Jeff Green June 21, 2018, 7:30 AM EDT CSX Railway and airline group challenge local sick-pay laws Paid leave required by about 40 state and local governments Photographer: SeongJoon Cho/Bloomberg Fed up with state and local laws that require private employers to offer paid sick days, the airlines and railroads have filed suit, claiming […]
Last week, CSX Corporation(NASDAQ: CSX) announced that it’s soliciting bids for six non-contiguous rail segments located in North Carolina, West Virginia, Kentucky, and New York. Selling the non-core assets, which comprise approximately 650 miles of track, is part of a “broader initiative to drive asset utilization, enhance network efficiency and create long-term value for the company,” […]
It was a hat trick of three railroads at the Bank of America Merrill Lynch transportation conference in Boston, all of them choosing to broadcast their presentations via webex. They all talked about great shipping markets, but the executives had a few other things to say: Union Pacific • Fixing Union Pacific’s service issues has […]
CSX Corp. (Nasdaq: CSX) is again struggling to staff during holidays and weekends, according to an internal system notice sent to the Jacksonville Business Journal. “CSX continues to experience disruptions to its operations on holidays and weekends due to crew unavailability,” the notice reads. An accompanying letter sent by Executive Vice President Ed Harris to […]