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Road and Rail Railroads

  • Oct 20- Regional U.S. railroad Kansas City Southern posted a better-than expected quarterly profit on Friday despite disruptions from Hurricane Harvey but may be impacted by the NAFTA negotiations as more than a quarter of its revenue comes from shipments between Mexico and the United States. Operating income of $234 million represented a 17 percent...

  • The railroad posted third-quarter operating income of $234 million, representing a 17 percent increase from the same quarter a year ago, even as it took a $19 million to $23 million hit from Hurricane Harvey, which devastated the U.S. Gulf Coast in August. After adjustments for one-time items, the railroad earned $1.35 per share, versus the $1.31 analysts...

  • Rapid-fire changes to operations and cost cuts under newly appointed Chief Executive Hunter Harrison, and ensuing service delays, have drawn scrutiny from rail regulators and raised questions about how long it could take for his "precision scheduled railroading" strategy to fully take root. "Considering the effects of both Hurricane Irma and CSX's...

  • Complaints of longer transit times, unreliable switching operations, inefficient car routings and poor communications mounted as new Chief Executive Hunter Harrison implemented a controversial overhaul to revamp the railroad's network. "Considering the effects of both Hurricane Irma and CSX's well-publicized service disruptions, this is a solid...

  • The Jacksonville, Florida- based railroad posted third-quarter net income of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share a year earlier. The results sent CSX shares up marginally in premarket trading by 22 cents to $53.06. CSX's revenue grew 1 percent to $2.74 billion, from $2.71 billion, but was short of analyst expectations of...

  • JACKSONVILLE, Fla.— CSX Corp. reported third-quarter earnings that met expectations, but its revenue took a hit as the company suffered service delays while overhauling its operations. CSX reported net income of $459 million, or 51 cents a share, matching the average per-share estimate of 11 analysts surveyed by Zacks Investment Research.

  • CSX freight lines run through center city Philadelphia

    CSX, the third-largest U.S. railroad operator, posted a slight increase in quarterly net profit on Tuesday.

  • WASHINGTON— A prestigious scientific organization on Wednesday called for more frequent and better inspections of freight railroad tracks to prevent potentially catastrophic oil and ethanol train crashes. A report by the National Academies of Sciences also urged better training for emergency workers and questioned the validity of recent train speed...

  • Cramer reveals the market's top 10 actionable negatives

    Jim Cramer shares his biggest concerns about the stock market that could be cause for selling.

  • Market's top 10 actionable negatives

    Jim Cramer shares his biggest concerns about the stock market that could be cause for selling.

  • Jim Cramer shares his biggest concerns about the stock market that could be cause for selling.

  • CAPE TOWN, Oct 4- South Africa's state-owned freight logistics group Transnet will invest an additional 84 billion rand over the next three years to increase capacity at ports and railway lines, the Department of Public Enterprises said on Wednesday.

  • Overpass that collapsed on Highway 10 in the Northridge/Reseda area at the epicenter of the earthquake in 1994.

    Mexico City's earthquake disaster is a reminder of the risk of Southern California's "Big One" striking and causing widespread damage.

  • CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...

  • BEIJING, Sept 22- Thousands of small factories in China, making everything from steel to chemicals, are scrambling for access to the country's clogged rail network as Beijing curbs the use of diesel trucks in an effort to tackle air pollution. Trucking is a cheaper and preferred mode of transport for heavy industry in China, especially for inland companies...

  • Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...

  • The demand for lumber, generators, cleaning supplies and appliances for households and home improvement retailers such as Lowe's and Home Depot in Florida, Georgia, Alabama and the Carolinas as a result of damages from Hurricane Irma will fill trailers and containers not already claimed by shipments for the holiday shopping season. This magnified it, "XPO...

  • Sept 14- Major trucking and logistics firms like XPO Logisitcs Inc, Daseke Inc and United Parcel Service Inc said capacity will shrink due to a rush of construction and repair shipments to big-box retailers and households across the storm-crippled U.S. The demand for lumber, generators, cleaning supplies and appliances for households and home improvement...

  • Sept 13- Csx Corp said on Wednesday it has resumed normal train operations into Waycross and Savannah, in Georgia, and limited service into Jacksonville, Florida, where it has also reopened intermodal facilities. The No. 3 U.S. railroad also said engineering crews worked through the night to restore service in Georgia, South Carolina and Alabama but that...

  • The No. 3 U.S. railroad said customers should still expect delays for traffic moving into and out of Florida, Georgia, North Carolina and South Carolina due to power outages linked to Hurricane Irma. CSX said it expects to resume rail service to Tampa on Wednesday night, while its route from Jacksonville to Orlando was still being evaluated with no timetable for...