csx

Asian markets surged Wednesday morning with Japan’s Nikkei leading the pack after Wall Street witnessed heavy buying, the day before, led by upbeat corporate earnings and expectations of gas supply resumption to Europe from Russia helped calm investor angst. Indices Movement Nikkei 225...

Ensuring competitive access and fortifying passenger rail service are two of the goals that stakeholders want the Surface Transportation Board to achieve as it mulls CSX's proposed acquisition of New England short line Pan Am Railways. Opponents and skeptics about the acquisition want STB to make...

Expect an April decision on whether federal regulators will allow CSX to acquire New England short line Pan Am Railways, according to the Surface Transportation Board.  The board said Friday that it has accepted a request by CSX (NASDAQ: CSX) to consider CSX's application to acquire Pan Am...

CSX is looking at how it attracts new hires as the railroad strives to add employees so that it has enough capacity to handle demand. Like other industries, the railroads have encountered challenges finding potential employees, and that challenge has stunted CSX's (NASDAQ: CSX) plans to improve...

For the third straight morning, it’s earnings to the rescue.  After Monday’s nosedive, stocks seem poised to rise again this morning based on pre-market gains as investors watch major companies exceed Wall Street’s expectations. AT&T (NYSE: T) became the latest...

Amtrak wants the Surface Transportation Board to expedite its review of Amtrak's plans to re-establish passenger rail service in the U.S. Gulf Coast. The service was discontinued in the mid-2000s. But CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC) are saying, not so fast. The two freight rail...

CSX has resubmitted its application to acquire New England short line Pan Am Railways, saying the new filing provides a more in-depth market analysis that federal regulators were seeking. The railroad is seeking to prove to regulators and existing and potential Pan Am customers how the acquisition...

CSX (NASDAQ: CSX) and Wabtec (NYSE: WAB) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions. First, the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas emissions during the start and...

Ukrainian police have dealt a serious blow to the ransomware gang behind the cyberattacks in the U.S. transportation and logistics sector  — including the trailer maker Utility and rail operator CSX (NASDAQ: CSX)— arresting six alleged members of Clop and seizing cash, computers, and cars. The...

CSX (NASDAQ: CSX) is shuffling its leadership roster, the company announced Monday. Kevin Boone is now executive vice president of sales and marketing, after having served mostly recently as chief financial officer at CSX.  Mark Wallace, who has been serving as executive vice president of sales...

The Surface Transportation Board (STB) wants more information about how CSX (NASDAQ: CSX) will integrate Pan Am Railways into its network should it succeed in acquiring the short line operator.  STB said Wednesday that CSX's application to acquire the New England short line was incomplete. The...

The first-quarter 2021 earnings season for the Class I railroads is over. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share away from trucks, and a proposed Class I Canadian railway merger with Kansas City Southern (...

CSX Corp. (NASDAQ: CSX) announced Wednesday that it has signed an agreement with Quality Distribution to acquire bulk liquid chemicals transportation provider Quality Carriers Inc. Terms of the agreement were not disclosed.  The Quality Carriers management team will continue to lead the chemical...

Shortline operator OmniTRAX is working with the River Ridge Development Authority of southern Indiana to develop the River Ridge Commerce Center. The center, located near Louisville, Kentucky, where it has access to several transportation modes. It connects directly with CSX (NASDAQ: CSX) and is...

CSX (NASDAQ: CSX) says it's ready to handle not only an anticipated increase in carload volumes in the second half of the year but also meet the demand to move e-commerce goods, according to executives on the railroad's first-quarter 2021 earnings call late Tuesday afternoon. CSX noted that its...