Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him. All the railroad unions, which have been complaining about the deep job cuts since PSR became the industry’s standard operating model, came out in support of Shaw even though Norfolk Southern …
CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. CSX CEO Joe Hinrichs said that he’s feeling pretty good about demand in several key sectors heading into this year. Edward Jones analyst Jeff Windau said in a research note that CSX has a reputation for being very efficient, and he …
— CSX hauled in 15% more profit in the first quarter as the railroad’s higher rates and fuel surcharges offset its higher costs. CEO Joe Hinrichs said the railroad’s service improved in the quarter as CSX cut down on the number of delays many shippers had complained about over the past year. Windau said CSX did “a really nice job …
