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CSX's fourth quarter profit slipped 13%, but the railroad reported hauling slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. The results for the latest quarter were in line with what the analysts surveyed by FactSet Research predicted on average. CSX's expenses crept up 4% to $2.36 billion during the quarter. CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.

Persons: railyards, Joe Hinrichs Organizations: FactSet Research, CSX Locations: Jacksonville , Florida

The results were hurt by the derailment costs, a drop in its fuel surcharge revenue and flat volume. Without the derailment costs, the railroad would have made $601 million, or $2.65 per share. The analysts surveyed by FactSet Research expected Norfolk Southern to report earnings per share of $2.64, on average. Norfolk Southern officials said their volume has improved over the past month to reach levels they haven't seen since the second quarter of 2022. Norfolk Southern is one of the nation's largest railroads operating in the Eastern United States.

Persons: Alan Shaw, “, That's, Edward Jones, Jeff Windau Organizations: Norfolk, Norfolk Southern, FactSet Research, Eastern Locations: OMAHA, Neb, East Palestine, Norfolk Southern, Ohio, Atlanta, Norfolk, Eastern United States

Some railroad unions want more scrutiny of the safety of remote control operations major railroads have used for years in and around railyards without significant problems. Remote control train operators might have only a month or two of training before taking the controls, although the length of training varies by railroad. Safety statistics on railroad crashes are unclear because Federal Railroad Administration reports don't break out those involving remote control trains from incidents involving trains operated by engineers and conductors. Grissom said his union has had three members die in incidents involving remote control trains since 2015. He said Anderson's death, combined with fiery derailments that have happened across the country this year, reinforce the need for stronger railroad safety regulations.

Persons: Don Grissom, Brotherhood of Railway Carmen, ” Grissom, Grissom, hasn't, Fred Anderson, carmen, Anderson, Bryan Tucker, didn't, Eddie Hall Organizations: CSX, Brotherhood of Railway, National Transportation Safety, Federal Railroad Administration, NTSB, of Locomotive Engineers, Railroad Administration, Norfolk Southern Locations: OMAHA, Neb, railyards, Walbridge , Ohio, Jacksonville , Florida, Norfolk, East Palestine, Ohio

Knowing which hazardous materials are on a train is key to helping firefighters decide how to respond and whether evacuations are needed. The railroads worked with emergency responders to develop the AskRail app in 2014 that firefighters could download to their phones or the computers mounted within their fire trucks. That move made the AskRail information available to about 2.3 million firefighters with hazardous materials training. Railroads are trying to ensure the information is available in multiple places to reduce the chances that firefighters will struggle to find out what is on a train after a derailment. If that effort succeeds across the Atlanta-based railroad's 22-state network in the East, the other major railroads could follow.

Persons: “ It’s, ”, Eric Brewer, “ We’re, Jessica Kahanek, Jose Mejia Organizations: —, Norfolk Southern, Association of American Railroads, Railroads, Norfolk Locations: OMAHA, Neb, Norfolk, Ohio, East Palestine , Ohio, Pennsylvania, Beaver County , Pennsylvania, East Palestine, United States, Canada, Atlanta, Norfolk Southern, railyards

☆ A worker was killed after being hit by a remote-controlled train in Ohio. Now, unions are calling for change.
▼ + stars: | 2023-09-19 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

A railroad worker is dead after being hit by a remote-controlled train on a CSX railyard in Ohio. This is the third time a railway worker has been killed in an incident involving a remote-controlled train. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. AdvertisementAdvertisementTypically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.

Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, Sheriee Bowman Organizations: CSX, Service, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, Federal Railroad Administration, Railroad Locations: Ohio, Wall, Silicon, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern

A railroad worker died over the weekend after he was struck by a remote-controlled train in a CSX railyard in Ohio, raising concerns among unions about such technology. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. The Federal Railroad Administration has approved the use of remote-controlled locomotives since 2005. Typically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.

Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, ”, Sheriee Bowman Organizations: CSX, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, ” Transportation Communications Union, Federal Railroad Administration, Railroad Locations: Ohio, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern

While he's willing to invest in that, mostly he wants to make sure Union Pacific's day-to-day operations are steadily improving. He's also working to speed up decision making at the railroad to help make Union Pacific more responsive to customers. We’re going to have the best service, and we’re going to have the best safety record. That will put pressure on Union Pacific’s profits. Railroad safety has been in the spotlight this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio back in February.

Persons: Jim Vena, he's, ” Vena, Vena, He's, Lance Fritz, “ We’re, Amit Bose Organizations: —, Pacific's, Union, Canadian National, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, Union Pacific, West, Norfolk Southern, Ohio, East Palestine

Kids in Hammond, Indiana, are forced to climb over and through stopped trains block their way to school. Jamie Kelter Davis for ProPublicaState lawmakers have tried to curb blocked crossings by restricting the lengths of trains. Spielmaker, the Norfolk Southern spokesperson, said: "We work with first responders on a daily basis to assist however we can. A favorable court opinion could allow other states to finally enforce their laws on blocked crossings. Among those who hope to voice their concerns about the blocked crossings are rail workers themselves who worry about the kids.

The derailment of the train, operated by Norfolk Southern (NSC.N), forced thousands of residents to evacuate while railroad crews drained and burned off chemicals. “We have mobilized a robust, multi-agency effort to support the people of East Palestine, Ohio," White House spokesperson Karine Jean-Pierre said at a briefing. [1/3] A view of a caution tape as members of the U.S. Environmental Protection Agency (EPA) (not pictured) inspect the site of a train derailment of hazardous material in East Palestine, Ohio, U.S., February 16, 2023. DeWine called on Congress to review railroad safety regulations, lamenting states have little power to demand information about what types of hazardous goods are rolling through their borders. Transportation Secretary Pete Buttigieg said Thursday more needs to be done to address rail safety in the face of hundreds of annual train derailments.

☆ Direct ChassisLink changes hands in $3.6 billion deal-sources
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

The deal marks a win for Apollo, which acquired a majority stake in Charlotte, North Carolina-based Direct ChassisLink and logistics and digital supply chain solutions company Blume Global from EQT in 2019 for around $2.5 billion, including debt. Excluding Blume's remaining value, Apollo made two times the money it invested, according to a person familiar with the matter. Blume separately raised money from outside investors in 2021 at a valuation of $500 million. Direct ChassisLink controls a fleet of over 151,000 marine and 100,000 domestic chassis. Reporting by David Carnevali in New York; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Choked-Up Yards and Trailer Shortages Box In America’s Truckers
▼ + stars: | 2022-10-08 | by ( Paul Berger | ) www.wsj.com time to read: +8 min

“There’s a lot more hours and a lot more waiting, just because there’s no chassis.” Mr. Carrera said. Mr. Carrera uncouples a truck trailer, known as a chassis, from his rig at a yard outside Chicago. Mr. Carrera works as an independent owner-operator for California Cartage, a subsidiary of NFI Industries, a Camden, N.J.-based logistics and trucking operator. Mr. Carrera arrived at the container yard that held the Michaels box at about 6:45 a.m. His was the seventh truck in line when the yard opened. There was another empty container waiting nearby that needed to be picked up.

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