7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Information
Secretary-Treasurer
Merchandise
Communications
FELA
Events
Links
User Info

CSX profit tops Wall Street estimate in Q3 2018

(Source: Reuters, October 16, 2018)

JACKSONVILLE, Fla. — CSX Corp. on Tuesday reported quarterly profit that topped Wall Street’s view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv data. Interruptions from Hurricane Florence, which included the loss of five miles of track due to flooding and revenue losses due to transit disruptions, reduced earnings by 2 cents per share during the latest quarter.

Full story: Reuters

Wednesday, October 17, 2018

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2018 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

ND Officers Election Rules

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

AAR reports rail traffic for week ending November 10, 2018
Oil industry pushing North Dakota regulators to loosen oil conditioning rules for rail transport
Amtrak cuts operating losses to lowest level in decades
Amtrak to close Riverside call center, eliminating 550 jobs
APTA: Commuter railroads acquire all radio spectrum for PTC
Report: NJ Transit in home stretch of PTC installation
California high-speed rail authority narrowing down routes through Los Angeles
BNSF turns to hybrid-electric vehicles to “green up” operations
Q&A: Buyouts and Railroad Retirement benefits
RRB: Medicare part B premiums for 2019
Get the latest labor news from the Teamsters

More Headlines