Just one week after CSX Corp. delivered some positive news in its quarterly earnings report after service disruptions this summer, investor confidence was rocked again when the railroad carrier abruptly postponed the official Investors Day on Oct. 30.
October 26, 2017CSX Corp. News Updates
Railroad
CSX Treads Water in 3Q After Turbulent Summer
The freight railroad industry began the earnings season on a positive note. CSX Corp. scratched out a small win and Canadian Pacific Railway easily surpassed year-ago levels as the industry continues to rebound in 2017.
October 18, 2017Harrison Apologizes to Rail Shippers for Summer Service Disruptions
WASHINGTON — CSX Corp. CEO Hunter Harrison apologized to railroad shippers at a U.S. Surface Transportation Board meeting Oct. 11, blaming layoffs prior to his arrival, the proxy battle to replace the prior leadership and employee resistance for lengthy service disruption during the summer.
October 11, 2017Port of Virginia Begins CSX Service to New Pittsburgh Intermodal Terminal
CSX Transportation on Sept. 7 opened an intermodal terminal outside of Pittsburgh, and now the Port of Virginia will serve Pennsylvania and Ohio via double-stack trains.
September 24, 2017Hurricane Irma Forces Postponement of Hearing Into CSX Service Woes
Due to the threat of Hurricane Irma, the Surface Transportation Board postponed a meeting scheduled for Sept. 12 to discuss CSX’s rail service woes this summer.
September 7, 2017Surface Transportation Board to Examine CSX Service Woes
The Surface Transportation Board will hold a special session to listen to CSX Corp. and railroad shippers discuss service disruptions since May that have ratcheted up the animosity between the sides in a public war of words.
August 28, 2017CSX CEO Harrison Fires Back at Critics
CSX Corp. CEO E. Hunter Harrison issued a stark rebuke of complaints about poor service, sending a scathing letter to a coalition of rail shippers, lawmakers in the U.S. Senate and House of Representatives and regulators at the Surface Transportation Board.
August 22, 2017Federal Regulators, Railroad Shippers Ratchet Up Pressure on CSX to End Delays
Federal regulators and railroad shippers have turned up the heat on CSX Corp. over repeated service disruptions in a series of letters to and from Washington.
August 15, 2017CSX Layoffs Hit Chicago Switching Yard Amid National Cost-Cutting Moves, Union Says
Railroad giant CSX, which is under fire from regulators for operating changes that have disrupted its freight service nationwide, laid off more than 6o employees this week at its primary Chicago switching yard, according to the workers’ union.
August 10, 2017CSX Service Delays Vex Shippers
Shippers frustrated with CSX Corp. deterring railroad service and extended delays are choosing to move some shipments to trucks to satisfy their urgent transportation needs, according to industry insiders.
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