On Oct. 4th, 2018 CSX filed a lawsuit against Norfolk Southern railroad for allegedly conspiring with Norfolk & Portsmouth Belt Line Railroad to block CSX from Norfolk International Terminals. Jacksonville Business Journal reporter Will Robinson, wrote that “The suit, filed Oct. 4 in the Norfolk division of U.S. District Court, also names three NS vice presidents…
Read More
In fact, volumes in CSX’s coal segment were down by 21% on a year-over-year basis, which led to a massive drop in revenue from this segment. More specifically, CSX’s coal revenue, which accounted for 17% of its overall revenue last quarter, fell 20% year-over-year to $467 million last quarter. This is a trend that we…
Read More
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…
Read More
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…
Read More
North American rail freight traffic remains in the doldrums, the Association of American Railroads reported for the week ending May 21, 2016. Total U.S. weekly rail traffic was 506,983 carloads and intermodal units, down 8.5% compared with the same week last year. Total carloads for the week ending May 21 were 244,290 carloads, down…
Read More
