CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
April 17, 2024railroads News Updates
CSX Profit Drops 10% Despite 3% More Q1 Freight
House Democrats Press Freight Rail Safety
Senior Democrats on the transportation committee in the U.S. House are calling on their colleagues to advance rail safety measures.
March 18, 2024Buttigieg Takes Railroads to Task on Safety
OMAHA, Neb. — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve.
March 13, 2024Congressional Democrats Push Rail Safety Bills
To mark the anniversary of a freight train derailment in Ohio, policymakers renewed calls for approving a legislative response as the industry highlights safety improvements.
February 8, 2024STB Modifies Performance Requirements for Class I Railroads
Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.
February 6, 2024Buttigieg Calls on Congress to Pass Rail Safety Bill
Secretary Pete Buttigieg recently pressed Congress to pass legislation that would strengthen rail safety policies.
January 25, 2024CSX Reports Slight Revenue Knock for Q4
CSX Corp. experienced a slight decrease in year-over-year revenue during the fourth quarter of 2023, the company reported Jan. 24.
January 25, 2024Port of Long Beach CEO Cordero Details Upcoming Projects
Port of Long Beach officials were upbeat about prospects for the facility even as its 2023 performance was down 12.2% year-over-year.
January 18, 2024Biden Touts $8.2 Billion in New Passenger Rail Projects
President Joe Biden announced $8.2 billion in new funding for infrastructure projects across the U.S. on Dec. 8, much of it involving rail travel.
December 11, 2023Government Sues Union Pacific Over Using Flawed Vision Test
The U.S. government has joined some former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were colorblind.
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