INSIDER
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote
Read full article: Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board voteNorfolk 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.
Houston awarded $36.9 million federal grant to build railroad underpasses in East End
Read full article: Houston awarded $36.9 million federal grant to build railroad underpasses in East EndMayor Turner is joining the Federal Railroad Administration (FRA) Administrator Amit Bose to announce the city’s Railroad Crossing Elimination Grant award of $36.9 million, the largest allocation in the state of Texas.
CSX profit slips in 4Q but railroad hauls 4% more freight
Read full article: CSX profit slips in 4Q but railroad hauls 4% more freightFILE - A CSX freight train pulls through McKeesport, Pa., on Tuesday, June 2, 2020. CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last years widespread virus-related shutdowns. – CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. The freight railroad posted revenue of $2.83 billion in the period, also beating Street forecasts. In last year's second quarter, volume fell 20% when many businesses were shut down as officials sought to limit the spread of COVID-19.