Filed in Tony Hatch
Thursday, October 28, 2010
As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.
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Monday, October 11, 2010
Class I railroad carrier CSX, the state of New Jersey and the Port of New York and New Jersey recently heralded the opening of the Liberty Corridor Freightway, a major public-private partnership that provides expanded access to the Port of New York and New Jersey. The corridor, according to CSX will enable double-stack intermodal freight to move from the port to inland destinations, increase train capacity, improve service levels and expedite freight flows to and from inland ports.