VIDEO: Georgia ports deploy new box cranes
The Georgia Ports Authority commissioned the first of four new neo-panamax ship-to-shore container cranes at its Garden City Terminal, Savannah.
CSX
FINANCIAL EDGE March 2017: He sure plays a mean game of Railroad
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not Harrison’s first transcontinental endeavor.
Watco debuts new Jaxport railroad
The Jacksonville Port Terminal Railroad (JXPT) officially began services on March 8.
Schneider, CSX re-up with multi-year deal
Intermodal and transport provider Schneider and CSX have signed a new multi-year agreement.
Tierney to succeed Batory at Conrail
Conrail’s Board of Directors has named Timothy Tierney President and Chief Operating Officer, effective April 1. Tierney succeeds Ronald Batory, who is retiring after nearly 46 years in the railroad industry.
Coal leads weekly rail traffic gains
Coal led all gainers as rail traffic in the U.S. totaled 521,607 carloads and intermodal units for the week ending March 4, up 1.8 percent from the same week in 2016.
Jason Seidl: Quick take on EHH at CSX
Now that E. Hunter Harrison has become CEO of CSX, “we expect additional layoffs in addition to the recently announced 1,000 members of management,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “We also expect CSX to easily exceed the previous long-term operating ratio goal of 65% over the next few years.”
Hunter Harrison assumes CSX’s throttle
CSX has a new CEO. The Jacksonville, Fla.-based railroad on March 6 agreed to a deal with hedge fund Mantle Ridge LP to name E. Hunter Harrison as chief executive, effective imediately, and to nominate people for five seats on its board.
Commentary
Michael Ward, railroader and philanthropist
Now that Michael Ward has retired as CEO of CSX, he will remain in Jacksonville and continue the work that he loves as much as running a railroad—giving back to the community.
January boxes surge at Port of Savannah
Containerized trade through the Port of Savannah grew 16.2% to 331,468 TEUs in January, a record month for tonnage, and another sign of strengthening box growth in the new year at U.S. ports.