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JACKSONVILLE, Fla. — CSX’s profits declined in the third quarter as intermodal growth could not offset an 11% decline in coal revenue. But the railroad’s key operating metrics all improved, even amid detours related to a pair of major construction projects, the Howard Street Tunnel clearance project in Baltimore and the rebuilding of the hurricane-damaged […]
JACKSONVILLE, Fla. — New CSX CEO Steve Angel says his focus will be keeping the railroad running well every day while waiting for the right merger deal to come along. Angel, who replaced Joe Hinrichs on Sept. 29, was peppered with merger-related questions during the railroad’s third-quarter earnings call on Thursday afternoon. One Wall Street […]
WASHINGTON — The CEOs of 40 chemical manufacturers warned President Donald Trump today that the proposed Union Pacific-Norfolk Southern merger will reduce rail competition, drive up rates, and make their companies less competitive in global markets. “You have committed to restoring American manufacturing, strengthening domestic supply chains, and outcompeting global rivals and we … fully […]
ALBANY, N.Y. — Norfolk Southern is suing Voorheesville, N.Y., which has blocked the railroad’s construction of a crew-change facility that will support the shift of its New England intermodal trains to trackage rights over CSX. In a lawsuit filed last week in U.S. District Court in Albany, N.Y., NS argued that Voorheesville’s stop-work order on […]
Union Pacific and Norfolk Southern will hold Nov. 14 shareholder votes seeking investor approval of their proposed $85 billion transcontinental railroad merger. The railroads will each hold separate but simultaneous virtual shareholder meetings, with UP’s scheduled for 8 a.m. Central and NS’s scheduled for 9 a.m. Eastern on Nov. 14, the railroads said in proxy […]
LOWELL, Ark. — J.B. Hunt, the largest domestic intermodal operator, reported higher third-quarter profits on Wednesday as cost-cutting was more than enough to offset a 1% decline in intermodal volume. Executives also said they believe the traditional fall intermodal shipping peak will materialize this year as goods imported over the summer to beat tariff deadlines […]
WASHINGTON — A drop in intermodal traffic led weekly U.S. rail traffic to dip below 2024 levels in the latest statistics from the Association of American Railroads. For the week ending Oct. 11, 2025, overall traffic was 498,462 carloads and intermodal units, a 1.3% decline from the same week a year ago. That included 273,900 […]
LOWELL, Ark. — J.B. Hunt executives say that if Class I railroad consolidation is really about competing with trucks, it will present an opportunity for the largest domestic intermodal provider to convert freight from highway to rail. And they said during Wednesday’s earnings call that there’s no reason they cannot continue to work with both […]
COLUMBUS, Ohio — Scott Driggers has been named CEO of Cathcart Rail, which operates three short line railroads, provides switching and transloading services, and a nationwide railcar service network. Driggers, who joined Cathcart Rail as chief operating officer in June, succeeds Jeff Chick. He brings more than 25 years of rail industry experience, including leadership […]
CSX will lead off the rail industry’s third-quarter earnings season when it reports its financial results on Thursday afternoon. The earnings call will be the first time investors will hear from new CEO Steve Angel, who replaced Joe Hinrichs last month. Wall Street analysts are likely to parse every word from Angel regarding the direction […]
PUEBLO, Colo. — The Association of American Railroads and MxV Rail have opened registration for the 31st Annual AAR Research Review, a conference that brings together Class I and short line railroads, university faculty and students, early-career engineers, and suppliers from around the world to address the industry’s most pressing technical challenges. The 2026 Annual […]
WASHINGTON — Beleaguered commuter railroads — which are being hit by the double whammy of funding cuts and lower ridership since the pandemic — are seeking breathing room regarding liability insurance coverage. The Commuter Rail Coalition is cheering a bipartisan bill that would give commuter railroads 60 additional days to secure additional excess liability coverage […]
