Railroad
CSX to Acquire Quality Carriers
Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.
CSX Reports Mixed Q1
CSX Corp. reported lower first-quarter income and revenue compared with 2020, officials for the Class I railroad said April 20.
CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic
CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21.
CSX Agrees to Buy New England’s Pan Am Railways
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
CSX Reports Lower Q3 Net Income, Revenue
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
CSX Earnings Slump in Q2 Amid COVID-19 Pandemic
CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.
CSX Reports Declines in First-Quarter Earnings, Revenue
CSX Corp. on April 22 announced a first-quarter earnings drop of 8% to $770 million, or $1 per share, compared with $834 million, or $1.02, in the same quarter of 2019.
Proposed Cargo Hub for N.Y. Town Faces More Delays
The Manlius town planning board this week urged “great caution” as town officials consider how a proposed rail-and-truck cargo hub near the CSX rail yard would affect traffic on Fremont and Kirkville roads.
CSX Sets Operating Ratio Record in Q3 Results
CSX Corp. on Oct. 17 announced third-quarter profit of $856 million compared with $894 million in the same quarter of 2018, but beat Wall Street expectations and in the process set a record for operating ratio for a U.S. railroad.
October 17, 2019CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves
Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.