Railroad News

CSX joins TradeLens shipping information platform

Rail News Home CSX Transportation 11/7/2019 Rail News: CSX Transportation
image CSX has become the first North American railroad to join TradeLens, a global shipping information platform that provides customers with improved supply-chain transparency and shipment-status visibility.Developed by IBM and Maersk, TradeLens is an open, neutral platform that currently includes data on half of the world's ocean container cargo.The platform uses secure blockchain technology to support collaboration across the supply chain and provide customers with timely updates on their shipments.By leading North American railroads onto the platform, CSX is expanding its commitment to greater transparency that enables shippers to manage their supply chains more efficiently, CSX officials said in a press release.“Railroads are vital links in the global supply chain, and CSX wants to support all of the ways our customers are seeking greater efficiency and flexibility," said Mark Wallace, CSX's executive vice president of sales and marketing.As CSX customers move onto TradeLens, the Class I "will be helping provide them with better end-to-end shipment tracking capability," Wallace said.To learn more about the potential use of blockchain technology in the rail realm, read this feature in Progressive Railroading's July issue.

Contact Progressive Railroading editorial staff.

More News from 11/7/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
7 Hits

Mantle Ridge sells most of its stake in CSX

Rail News Home CSX Transportation 10/22/2019 Rail News: CSX Transportation
image The activist that shook up CSX Corp. three years ago has wound down most of its investment in the Class I, The Wall Street Journal reported yesterday.Mantle Ridge LP, the investment vehicle of Paul Hilal, has sold off nearly all of its $1 billion position in CSX, the newspaper reported based on filings with the U.S. Securities and Exchange Commission. CSX bought back about 4.7 million shares.Hilal retains ownership of about 3.4 million shares of CSX, and will continue to serve as a director and vice chair of the railroad's board.Hilal launched the bid to recruit and install veteran railroader E. Hunter Harrison as CSX's chief executive officer after Harrison turned around operations at CN and Canadian Pacific. At the Canadian Class Is, Harrison successfully implemented precision scheduled railroading (PSR) to wring out waste and inefficiencies.Harrison was in the process of launching a PSR system at CSX when he unexpectedly died Dec. 17, 2017.

Contact Progressive Railroading editorial staff.

More News from 10/22/2019


Tags:
CSX

Copyright

© © Trade Press Media Group, Inc.

Continue reading
19 Hits

CSX posts higher earnings, record-low operating ratio in Q3

Despite lower revenue, CSX posted a 3 percent increase in net earnings and a company record low operating ratio (OR) for third-quarter 2019 compared to the same period a year ago, the Class I reported yesterday.

Third-quarter revenue fell 5 percent to $2.98 billion, as merchandise revenue growth was more than offset by coal and intermodal declines. CSX decreased expenses by 8 percent year over year to $1.69 billion, driven by continued efficiency gains and volume related savings, CSX officials said in a press release.

...
Tags:
CSX

Copyright

© © Trade Press Media Group, Inc.

Continue reading
12 Hits

Class I focus: Operational and efficiency gains can create a virtuous cycle for CSX

The Class I strives to continuously develop its own electronic tools, as well as tap existing and emerging technologies, to help meet strategic objectives.Photo – CSX

By Jeff Stagl, Managing Editor

...
Tags:
CSX

Copyright

© © Trade Press Media Group, Inc.

Continue reading
17 Hits

CSX appoints Bezar, Adams to senior VP roles

Rail News Home CSX Transportation 10/8/2019 Rail News: CSX Transportation
image Farrukh Bezar (left) and Arthur AdamsPhoto – CSX

CSX yesterday announced two senior appointments: Farrukh Bezar as senior vice president of marketing, and Arthur Adams as VP of merchandise sales.

The appointments were made to underscore the company's focus on leveraging its operating model and service product to increase growth in the merchandise segment, CSX officials said in a press release.

...
Tags:
CSX

Copyright

© © Trade Press Media Group, Inc.

Continue reading
23 Hits

Contact Us

VISIT US

35505 Cooper Road
Brookshire, TX 77423
View a Map of Our Location

OUR HOURS

Monday - Friday
8 AM - 5 PM
Saturday - Sunday
CLOSED

TALK TO US

Phone
281.392.4850

CONNECT WITH US