CSX President and CEO Joe Hinrichs got the wheels turning in late August when his railroad took labor negotiations out of national handling through the National Carriers Conference Committee (NCCC) and, well
We adjust our third-quarter 2024 estimates for the U.S. railroads to reflect volumes quarter-to-date (QTD), mix headwinds and diesel tailwinds. Our TD Cowen rail survey offers a slightly negative read for the rail pricing outlook. Hurricane Helene could have notable impact in the fourth quarter for the Eastern carriers but it is too soon to know just how much. We remain cautious on U.S. group into the print.
CSX and Norfolk Southern (NS) each contribute $100,000 to Hurricane Helene relief efforts. Also, Canadian Pacific Kansas City (CPKC) Police Constable Trevor Smith earns Operation Lifesaver Canada’s 2023 Roger Cyr Award.
Union Pacific (UP) and The Manufacturing Institute release “Careers on Track: 3 Years of Impact,” a video highlighting their joint efforts to inspire the workforce of tomorrow. Also, CSX President and CEO Joe Hinrichs celebrates his second anniversary with the Class I; Norfolk Southern’s (NS) Norris Yard drives performance improvements; and BNSF completes a maintenance project on its bridge in Sibley, Mo., one of the last single-track sections on the Class I’s Southern Transcon route.
The Ports of Indiana and OmniTRAX on Sept. 25 reported the name of their new switching railroad serving customers at the southwest Indiana port: Mount Vernon Railroad.
The National Transportation Safety Board (NTSB) on Sept. 24 issued the final report for its investigation of a Aug. 6, 2023, accident, in which a CSX Transportation conductor trainee was fatally injured during switching
Florida Gov. Ron DeSantis on Sept. 20 announced the award of $18 million in funding to invest in Florida’s supply chain and “boost aggregate storage for critical infrastructure and asphalt and concrete production.” These awards are the first of $100 million to be invested over five years.
R.J. Corman Railroad Company on Sept. 23 reported a new collaboration with National Cement Company of Alabama, Inc. (NCC of AL) for shipments to Lebanon, Tenn., where the manufacturer has opened a
The Surface Transportation Board (STB) on Sept. 16-17 held a public hearing regarding growth in the freight rail industry. The objective, it said, was to better understand “how the industry has grown and intends to grow.” Railroads and related organizations offered insights and in some cases a dose of skepticism.
CSX ES44AH No. 1851, in the Nashville, Chattanooga & St. Louis (NC&StL) theme, is the nineteenth in a series of heritage locomotives to roll out of the Class I railroad’s Waycross (Ga.) Mechanical Shop.
