CSX Surpasses Q3 Earnings & Revenue Estimates, Shares Gain
CSX's Q3 results benefit from growth across all its businesses and revenues from Quality Carriers.
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CSX's Q3 results benefit from growth across all its businesses and revenues from Quality Carriers.
After years of job cuts, the railroad company is having trouble finding new workers.
CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.
The addition of AAA Cooper to Knight-Swift’s portfolio will make LTL the company’s second-largest segment. The trucking industry saw a handful of mergers and buyouts in the first six months of the year. Among the more notable moves was when CCJ Top 250 No. 1 carrier UPS announced in January the sale of its UPS Freight business to TFI International (No. 8) for $800 million. In May, CSX Corp. acquired Quality Carriers from Quality Distribution (No. 34), and Hirschbach Motor Lines (No. 64) acquired Eagan, Minnesota-based Lessors, Inc., a nearly 300-truck reefer fleet last month. C...
Five sentenced for disabling emissions control devices The U.S. District Court for the Middle District of Pennsylvania sentenced John Joseph, Gavin Rexer, Joseph Powell, Dennis Paulhamus and Timothy Sweitzer each to one year of probation and a $100 assessment for conspiring to defraud the United States and violating the Clean Air Act. Joseph, Rexer and Powell were also sentenced to 50 hours of community service, Paulhamus received a $15,000 fine, and Sweitzer was fined $10,000. Rexer, Powell, and Joseph were employed by Rockwater Northeast, a company that serviced the fracking industry....