Latest news with #Hinrichs
Yahoo
5 days ago
- Business
- Yahoo
All eyes on CSX as Union Pacific and Norfolk Southern confirm talks
-- Now that Union Pacific (NYSE:UNP) and Norfolk Southern (NYSE:NSC) have confirmed they are in advanced merger talks, all eyes are on CSX (NASDAQ:CSX) and whether it might also consider a merger. Speculation has pointed to Warren Buffett's Berkshire Hathaway (NYSE:BRKa), which owns BNSF, as a potential suitor. Additionally, one of the major Canadian railroads—either Canadian Pacific Kansas City Limited (NYSE:CP) or Canadian National Railway (NYSE:CNI) —could get involved. However, the Trump administration may oppose a cross-border deal involving a non-U.S. buyer. Shares of CSX rose 0.5% in mid-day trading on Thursday, but are well off session highs. CSX CEO Joseph Hinrichs addressed the rumors during the company's second-quarter earnings call on Wednesday evening. While stopping short of commenting on the speculation, he left the door open to opportunities that could create shareholder value. 'And finally, we know there's been a lot of rumor and speculation about consolidation in the railroad industry in recent weeks,' Hinrichs said in his opening remarks. 'While we cannot comment, we want to be clear that at CSX we are absolutely focused on delivering shareholder value and are always open to anything that can help us achieve this objective.' Later in the call, JP Morgan analyst Brian Ossenbeck asked Hinrichs for his perspective on potential rail consolidation, noting his background as a former shipper. Hinrichs, a 30-year auto industry veteran, emphasized that improving customer service and making it easier to do business with railroads is essential for industry growth. While again declining to comment on mergers, he stressed the importance of reliability, accessibility, and working across the rail ecosystem to better serve customers and compete with trucking. 'So again, I'm not going to talk about how we do that or all those, and as we said in our remarks, we're open to all those possibilities and all those conversations and how we could, we can do that, how we can best create value for our shareholders, properly grow the business and serve those customers better and look forward to those opportunities,' he added. Related articles All eyes on CSX as Union Pacific and Norfolk Southern confirm talks These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia If Powell goes, does Fed trust go with him? 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
CSX profit falls 14% in the second quarter even though rail shipments were flat
CSX railroad's profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network. The Jacksonville, Florida-based railroad said Wednesday it earned $829 million, or $0.44 per share. That's down from $963 million, or $0.49 per share, a year ago. That's in line with what the analysts surveyed by FactSet Research predicted. CSX's latest earnings report comes as rumors swirl in the industry about t he possibility that a merger between two of the country's largest freight railroads might be proposed. The Associated Press reported last week that Union Pacific was in merger talks with Norfolk Southern. CEO Joe Hinrichs said he doesn't want to comment on the rumors and that CSX is focused on improving its operations, but he said his railroad would remain open to any possibilities that would help boost shareholder value. 'While we are confident in CSX's path forward, we welcome all opportunities that will allow us to deliver value for our shareholders, drive thoughtful growth, and serve our customers better,' Hinrichs said. If merger actions heat up in the industry, CSX could be a target for one of the western railroads trying to build a transcontinental network. But the prospects for any deals among the major freight railroads remain uncertain because regulators might be reluctant to approve them. Hinrichs emphasized that he thinks there are opportunities to attract new business and prosper by working together with other railroads today. One example is the new service that CSX and CPKC railroads recently announced to deliver shipments that CPKC picks up in Mexico and have CSX deliver them in the southeast United States. CSX is in the middle of expanding a key tunnel in Baltimore, so it will be able to carry double-stacked shipping containers, and the railroad is completing repairs related to Hurricanes Helene and Milton. But Hinrichs said the railroad is operating much more fluidly than it was in the first quarter of this year when the results disappointed. The railroad is also restructuring its management jobs. CSX executives said it remains hard to predict consumer sentiment that drives so much of the economy right now, but if Donald Trump's tariff policy becomes more certain in the second half of the year that should help consumers and businesses feel more comfortable spending and expanding their operations.
Calgary Herald
04-07-2025
- General
- Calgary Herald
'Most beautiful person': Dozens hike to honour woman killed in rockfall
Dozens walked through Calgary's Weaselhead Natural Area Thursday night to celebrate the life of Jutta Hinrichs, who was killed last month in a rockslide in Banff National Park. Article content More than 100 people hiked through the wooded area straddling the Glenmore Reservoir and Elbow River, a tribute to the esteem the 70-year-old Calgarian was held and her love of nature, said event co-organizer Tracy Aiello. Article content Article content Article content 'We are honouring her by walking together to share memories and have some quiet time in solidarity,' said Aiello. Article content Article content 'She was the most beautiful person all of us ever knew — she never had a bad thing to say about anyone.' Article content Hinrichs was killed when she was caught in a rockfall while hiking at Bow Glacier Falls, 40 kilometres north of Lake Louise on June 19. Article content Also dying in the incident was Moroccan emigre and Surrey, B.C., resident Hamza Benhilal, 33, while 13 others were injured or evacuated from the area overlooking scenic Bow Lake. Article content On Thursday evening, hikers passed around a photo album containing images of Hinrichs, who was an avid hiker and a much-respected occupational therapist. Article content 'It was such a sudden loss,' said Aiello. Article content An online invitation page for the hike offered to Hinrich's Slow and Steady Hikers group included a photo of the Calgarian gently admiring alpacas during a recent visit to Peru. Article content 'We hope this (walk) brings heart-healing to some and/or an opportunity to walk and talk it out to others,' it states. Article content 'Therefore we welcome you to walk quietly in camaraderie with others or visit and chat.' Article content That love of animals was reflected in the donations being collected at Weaselhead Thursday benefiting the Calgary Humane Society, to which Hinrichs devoted some of her time. Article content
Global News
21-06-2025
- General
- Global News
Alberta woman killed in rock slide remembered as ‘gracious person'
Friend, colleague, educator, leader, mentor — those are just a few of the accolades lauded upon Jutta Hinrichs by those who knew her. The 70-year old woman from Calgary has been identified as one of the people killed in the devastating rock slide at Bow Glacier Falls, about 40 km north of Lake Louise along the Icefields Parkway on Wednesday. Emergency crews were called to the area in Banff National Park around 1:30 p.m. Thursday. Two people who had been hiking in the area, and were injured in the rock slide, were airlifted to hospital. Another was taken to hospital by ground ambulance, while Hinrichs died at the scene. On Friday, the body of a second victim was also recovered but has not yet been identified until next of kin is notified. Story continues below advertisement 0:51 Second person dead after Banff National Park rock slide An avid hiker, who loved the mountains, Hinrichs' friends say she was 'a beautiful, caring soul with a huge smile and love of people and nature.' She had just returned to Canada last Friday from a trip to Peru. View image in full screen Friends of Hinrichs tell Global News that she was an avid hiker who loved the mountains. Provided to Global News Hinrichs was also a well-known and accomplished occupational therapist. Story continues below advertisement Her contributions to the profession of occupational therapy, which spanned five decades, were recognized last year with a lifetime achievement award. View image in full screen Robin Telasky, executive director for the Society of Alberta Occupational Therapists, was a friend of Hinrichs for 18 years and describes her as 'an outstanding leader' and a 'gracious person.' Global News 'It's such a tragic loss to occupational therapy in Canada because Yuda was such an outstanding leader and such a gracious person who was always giving up her time, not just to her colleagues, but as a volunteer as well — and she spent so many years working with O.T. students and providing that critical mentorship to young people,' said Robin Telasky, executive director for the Society of Alberta Occupational Therapists who was a friend of Hinrichs for 18 years. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'It's really hard to think of an occupational therapist who would not have been touched in some way by Yuda,' added Telasky, 'which is why she received the Lifetime Achievement Award just last year.' Hinrich's was also the recipient of many awards for her volunteer work, including an outstanding community volunteer award from the United Way Society of Calgary and the Queen's Jubilee medallion from the Multiple Sclerosis Society of Canada. Story continues below advertisement The office of the vice-president of external relations at the University of Alberta also provided a statement to Global News on the passing of Hinrichs, who was a professor in the faculty of rehabilitation medicine's department of occupational therapy until her retirement in July of 2024. It described her as 'a dedicated leader' who 'nurtured many students, preceptors and clinicians to flourish and grow. That her work continues to enrich the tapestry of occupational therapy in Alberta is her legacy.' Following an extensive search by dozens of emergency responders and search and rescue experts, Parks Canada said a search dog was able to pick up the scent of the second victim late Thursday evening, but it was too late in the day and the area was still too unstable to recover the body. 'We wanted to have a geotechnical engineer assess (the area) — we didn't want to expose people to that risk,' said Parks Canada visitor safety specialist, Lisa Paulson. 'It wasn't an easy retrieval.' Rescue crews returned at first light on Friday and with the help of the Lake Louise fire department, were able to remove the debris and recover the second victim's body. 1:46 Bow Glacier Falls rock slide witness calls scene 'pretty chaotic'
Yahoo
20-06-2025
- General
- Yahoo
Banff National Park rockfall victim identified as retired university educator
LAKE LOUISE — One of the two people killed in a rockfall in Banff National Park was identified Friday as 70-year-old Jutta Hinrichs of Calgary. The University of Alberta, in a statement, said Hinrichs was an educator in the department of occupational therapy in the Faculty of Rehabilitation Medicine. She retired last summer. 'She was integral to developing a southern Alberta satellite for the department,' said the statement from the Edmonton-based university. 'Jutta nurtured many students, preceptors and clinicians to flourish and grow. That her work continues to enrich the tapestry of occupational therapy in Alberta is her legacy." Hinrichs was found deceased shortly after a slab of mountain suddenly gave way Thursday afternoon, collapsing on hikers at a popular trail near Bow Glacier Falls, which is north of Lake Louise and 200 kilometres northwest of Calgary. Teams have been using aircraft with infrared sensors to search the debris field and a geotechnical engineer was brought in to check the stability of the mountainside. Early Friday, crews recovered one more body, but no further details have been released. Three people went to hospital Thursday -- two of them by air ambulance -- and are listed in stable condition. Officials have said no one else is reported missing and there are no unidentified vehicles at the trailhead. The slide happened at the Bow Glacier Falls hiking trail. It's a nine-kilometre route running along the edges of Bow Lake and is considered a moderate challenge for hikers and is used by tourists and day-trippers, including families. It's a region with limited cellular service. Niclas Brundell lives in nearby Canmore and works as a trail guide. He told The Canadian Press in an interview he was hiking in the area with his wife shortly after noon when they both started seeing concerning signs of rocks tumbling and boulders the size of tires starting to fall. "This was unimaginable to me, that such a big piece of mountain would fall off," he said. As rocks started rolling at the top of the waterfall, he said, they didn't hit anyone, but he and his wife wondered why nobody seemed to be reacting. "Then all of a sudden, I hear the start of another rockfall, and I turned around, and the whole mountainside is coming off." He estimated the slab to be 50 metres wide and 20 metres deep, and he and his wife started sprinting to safety. When he turned around, he could see a group of between 15 and 30 people at the waterfall disappear under a cloud of dust. "The only place I've ever seen something similar is like watching videos from 9-11, when you see New York being cast over,' he said. Brundell said when they got far enough to feel safe, he sent a satellite message to Parks Canada, while his wife ran to a nearby lodge to call for help. He said it's a popular trail because it's considered relatively easy, and on any given summer day there are 15 people or more hiking the trail. Evidence of the rockfall was visible from across the lake. The side of the mountain near the waterfall was darkened and worn, except for a large patch that was significantly lighter, where a heap of debris lay below. The Bow Lake area was closed during the search but has since reopened. Bow Glacier Falls remains closed, and drivers were told there could be possible delays on the nearby Icefields Parkway. 'Banff National Park remains open and safe to visit,' said the joint statement. -- with files from Fakiha Baig in Edmonton This report by The Canadian Press was first published June 20, 2025. Matthew Scace, The Canadian Press
