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The 2022 United States railroad labor dispute was a labor dispute between freight railroads and workers in the United States. Rail companies and unions had tentatively agreed to a deal in September 2022, but it was rejected by a majority of the unions' rank-and-file members.
A look at why CSX is a high-quality transportation stock. For premium support please call: 800-290-4726 more ways to reach us
In 2017, CSX cut its workforce by 3,300 employees. In 2018, roughly 2,200 jobs were cut. A further reduction of 4,000 positions is planned by 2020. CSX estimates that after these cuts it will have a workforce of about 21,000 people. CSX is also trying to increase profits by monetizing some of its real estate.
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 ...
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OMAHA, Neb. (AP) — 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 ...
CSX said its trains were moving an average of 18.3 mph during the quarter, up from 17.5 mph a year earlier, and they spent less time sitting in railyards — only 9.6 hours on average.
The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the United States government created in 1935 [2] to administer a social insurance program providing retirement benefits to the country's railroad workers. The RRB serves U.S. railroad workers and their families, and administers retirement, survivor ...