OMAHA, Neb. (AP) — CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter. That's up significantly from last year's $510 million, or 55 cents…
Posts published in “Day: July 17, 2018”
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation Transport Canada announces clean-rail research grant awards The Canadian government last week announced grant funding for 10 projects under the Clean Rail Academic Grant Program.Under the program's fifth round of funding, the 10 projects will each receive a grant of up…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation FRA hosts PTC symposium on interoperability issues Ronald Batory Photo – Federal Railroad Administration The Federal Railroad Administration (FRA) today is holding the second of three symposiums for the 41 railroads required to implement positive train control (PTC) systems.Attending the symposium…