Surface Transportation Board (STB) Chairman Martin J. Oberman has called on the CEOs of the seven North American Class I’s to provide an update on their preparedness to meet service demands, particularly as railroad employment rates have fallen.
The Surface Transportation Board lately has been relentless in demanding that applications for mergers and voting trusts, among other transactions, meet its standards for completeness.
The St. Louis region relies heavily on its Norfolk Southern- and CSX-served rail connection with the Port of Virginia, hundreds of miles away on the East Coast, to maintain its position “as one of the premier multimodal freight hubs and distribution centers in the United States.” The relationship was discussed in detail during the FreightWeekSTL 2021 conference, hosted by Bi-State Development, which operates the St. Louis Regional Freightway.
CSX reported May 12 that it will acquire Tampa, Fla.-based trucking company Quality Carriers, Inc., to create an “integrated multimodal chemical transportation solution” for producers and shippers.
The U.S. Department of Transportation (USDOT) “stands ready” to work with Amtrak, CSX, Norfolk Southern (NS) and other stakeholders to restore “long overdue” passenger service between New Orleans and Mobile, it wrote in a recent Surface Transportation Board (STB) filing.
Railway Age’s seventh annual Rail Insights Conference will be a three-hour virtual event on June 17 featuring top industry speakers, including BNSF President and CEO Katie Farmer.
RAILWAY AGE MAY 2021 ISSUE: The mantra of these railroaders: Making a difference. They’re not only helping to shape the industry, but also tomorrow’s leaders.
Amtrak, on the eve of a 50th Anniversary virtual celebration slated to feature President Joe Biden, has filed a petition asking the Surface Transportation Board to deny CSX’s and Norfolk Southern’s motion to dismiss Amtrak’s application to restore passenger rail service to the Gulf Coast between New Orleans, La., and Mobile, Ala.
OmniTRAX has teamed with River Ridge Development Authority to further develop a southern Indiana industrial park that connects with CSX.
CSX, the second Class I railroad to report first-quarter 2021 financial results, earned $706 million, or $0.93 per share—down 8.31% from the 2020 period’s $770 million, or $1.00 per share.