CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs ...
If Union Pacific’s merger is approved, it could gain control of train operators who’ve been hauling freight across Chicago ...
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STB sends Union Pacific-Norfolk Southern merger filing back for a do-over
The federal regulators said the railroads failed to project post-merger market share despite claims of expected traffic growth.
The rail industry’s largest union is raising concerns about CSX’s plans to eliminate Operation RedBlock, a decades-old, union-run program for substance abuse prevention and worker support. The ...
Fighting the merger is a “very high priority for us,” said Zak Andersen, vice president of communications for BNSF Railway. “We think it destabilizes the industry,” he said of the proposed merger, ...
CSX’s earnings fell 22% in the third quarter as the railroad wrapped up two major construction projects that were limiting traffic, but volume was still up slightly and the results were weighed down ...
Shareholders of Union Pacific and Norfolk Southern backed the railroads’ proposed $85 billion merger to create the nation’s first coast-to-coast rail network. Roughly 99% of both railroads’ ...
Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...
The Surface Transportation Board has sent back Union Pacific’s proposed $85 billion buyout of Norfolk Southern for revision, ...
Major railroads continue to ride out a rough patch in this low-energy-price environment. In addition to the weak energy market, railroads are coming up against increased national and global ...
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