CSX delivered a terrific second quarter; although revenue decreased 12% due to freight volumes dropping, CSX still managed to crush analyst expectations of $0.44 with a $0.47 EPS. This beat, can be attributed to management,s operational efficiency efforts and reducing costs where the company could. CSX focused on what it could do in times of turmoil….
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Summer in West Virginia brings a kaleidoscope of color to the mountains. The “Mountain State”, known for its blazing autumn canvas, displays as much color and beauty all summer long. Crystal clear, bubbling streams cascade down the mountains, dropping over waterfalls of varying depths, to pools alive with native trout. Mountainsides shimmer…
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Railroads are fantastic businesses: their scale is hard to match, new companies can’t just build new railroads, trucking goods is almost 4x as expensive as shipping by rail, and they throw off a fantastic amount of free cash flow. Unfortunately, it is a cyclical business and earnings can fluctuate quite a good amount, especially when…
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On July 9, 2016, FECR celebrated with its partners the arrival of MOL Majesty, the first “neo-panamax” vessel to cross the expanded Panama Canal bound for PortMiami. The MOL Majesty is part of the G6 Alliance Transpacific PA2 service, originating in Asia. FECR re-established on-dock intermodal rail service at PortMiami, allowing import and export…
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The Wood County Port Authority, which acquired what was once the Toledo Terminal Railroad’s Upper River Bridge five years ago from CSX Transportation, says engineering studies have determined the rusting, 114-year-old hulk to be so unsound that it can’t be renovated for use as part of a bicycle and pedestrian trail along abandoned sections of…
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A century after transforming global trade and markets, the Panama Canal is about to revamp world trade once again. On June 26 the canal is scheduled to reopen after a massive project costing more than $5 billion that will allow bigger ships to pass through the 102-year-old waterway, doubling cargo capacity. U.S.-based businesses are recognizing…
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