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CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly. Hinrichs ...
CSX's first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as shipments it handled shifted to a less-profitable mix.
CSX's revenue declined 3% to $3.7 billion as the decline in diesel prices generated smaller fuel surcharges for the railroad. The revenue was just below the $3.73 billion that analysts predicted.
CSX acquired 42 percent of Conrail's assets, and NS received the remaining 58 percent. As a result of the transaction, CSX's rail operations grew to include some 3,800 miles (6,100 km) of the Conrail system (predominantly lines that had belonged to the former New York Central Railroad). CSX began operating its trains on its portion of the ...
The 1992 United States railroad strike was a strike by railroad employees between June 24 and June 26, 1992. The strike was launched by the International Association of Machinists , a union representing employees of CSX Transportation . [ 1 ]
Conrail was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name (Consolidated Rail Corporation), and while it no longer operates trains it continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of ...
CSX's fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The volume of shipments the railroad delivered rose 1% even with all ...
The rise of precision scheduled railroading has resulted in resource and staffing cuts; to compensate railroad companies have enacted strict attendance policies for employees. [7] These policies eliminate any free time which workers have, requiring them to be effectively on-call for weeks at a time. Workers have complained of increased levels ...