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Tag: csx
CSX not concerned about new oil train regulations
2015-04-20 22:19:12| Railroads - Topix.net
An emergency order from the Department of Transportation requiring trains carrying crude oil to slow down could have some major effects - including further regulations and involvement from DOT, Congress and even the White House - on the industry, but CSX Corp. doesn't seem overly concerned. In a phone interview with CEO Michael Ward on Wednesday - two days before the emergency order called for trains carrying oil or ethanol to slow down to 40 miles per hour while in congested areas - Ward said that the industry had already agreed to slow trains carrying oil to 40 miles per hour in high-risk areas.
Tags: oil
train
concerned
regulations
Slower growth for CSX rest of 2015
2015-04-17 08:04:40| Railroads - Topix.net
CSX's first-quarter earnings per share rose by 13 percent to 45 cents, its third straight quarter of double-digit earnings growth. But the Jacksonville-based railroad company doesn't expect to keep up that growth rate.
Cheap oil, strong dollar pose challenges for CSX, NS
2015-04-16 18:27:20| Railroads - Topix.net
NEW YORK - Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp., and may continue to weigh on their profits. Both companies derive about a fifth of their revenue from hauling coal, which faces competition from lower-priced petroleum products.
CSX Train Derails In Western Md.; No Injuries Or Spills
2015-04-16 13:22:19| Railroads - Topix.net
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Tags: or
western
train
injuries
CSX Full-Year Outlook Lowered on Weaker Volume Growth
2015-04-16 00:07:41| Railroads - Topix.net
Analysts have questioned whether boom times for railroads might be over, as stock prices have dipped and volumes are lower than expected CSX Corp. executives told analysts Wednesday that the railroad's outlook for the full-year has been curtailed by an unexpectedly weak first quarter in which volume rose only 1%, revenue was flat and industrywide growth was suppressed by coal, the stronger dollar and winter weather.
Tags: volume
growth
outlook
lowered
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