Double-digit gains for intermodal, carloads
The Association of American Railroads reported U.S. rail traffic for the week ending Dec. 23 was 551,566 carloads and intermodal units, up 11% compared with the same week in 2016.
The Association of American Railroads reported U.S. rail traffic for the week ending Dec. 23 was 551,566 carloads and intermodal units, up 11% compared with the same week in 2016.
CSX Corp. on Dec. 22 named James Foote as President and Chief Executive Officer, effective immediately. Formerly Chief Operating Officer, Foote had been acting CEO since Dec. 14 after E. Hunter Harrison was placed on medical leave. Harrison died Dec. 16. Foote will also join the CSX Board of Directors.
The late Hunter Harrison’s body of work “will likely be talked about in railroad circles for decades to come,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “CSX’s Board of Directors will be under significant pressure to find a replacement with an operating background quickly.”
The Surface Transportation Board has requested that CSX provide a detailed update on the ongoing implementation of its new operating plan and the restoration of reliable rail service to its customers.
E. Hunter Harrison is gone. Railway Age’s twice-honored Railroader of the Year (2002 and 2015) died on Saturday, Dec. 16, in Wellington, Fla., from what CSX, the railroad that ultimately became the last stop in a long and distinguished career, attributed to “unexpectedly severe complications from a recent illness.” He was only 73.
Members of the National Conference of Firemen & Oilers have ratified their tentative contract agreement with the nation’s major freight railroads.
CSX Corp. said that Chief Executive Officer and President E. Hunter Harrison is on medical leave due to unexpected complications from a recent illness.
Weekly U.S. rail traffic was 560,756 carloads and intermodal units for the week ending Dec. 9, up 4% percent compared with the same week a year ago, according to the Association of American Railroads.
Major U.S. freight railroads have reached a tentative contract agreement with the second of three coalitions representing unionized employees.
Total U.S. weekly rail traffic was 572,794 carloads and intermodal units, up 3.5% compared with the same week a year ago, according to the Association of American Railroads.