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Cision Canada
a day ago
- Business
- Cision Canada
CPKC, CSX create faster freight solutions with Southeast Mexico Express
Direct Class I connection brings new competition, links U.S Southeast to Texas and Mexico markets CALGARY, AB, July 21, 2025 /CNW/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) and CSX Corporation (NASDAQ: CSX) (CSX) have created a new rail transportation routing option for customers across the southern U.S. with the Southeast Mexico Express (SMX), the new east-west Class 1 corridor that connects shippers in Mexico, Texas and U.S. southeast. Officially launched on Dec. 1, 2024, the SMX is already providing automotive, intermodal and carload customers with faster transit times, greater capacity, and environmentally sustainable rail solutions. "The Southeast Mexico Express has created new opportunities for our customers across all of our lines of business, including intermodal, carload and bulk, through a unique collaboration that is already proving itself in the market," said Keith Creel, CPKC President & CEO. "With this corridor, we are leveraging the strengths of both CPKC and CSX, delivering faster transit times, greater efficiency and enhanced reliability. Together, we are providing shippers with a competitive, sustainable alternative for freight transportation." "The launch of the SMX is a testament to our dedication to enhancing connectivity and efficiency while deepening our reach into cross-border markets," said Joe Hinrichs, President and CEO of CSX. "This new corridor highlights how we are taking concrete, measurable actions to expand our network, enhance service, and unlock long-term growth for our customers." This innovative service expands capacity while creating seamless, highly-reliable shipping options across three key markets. The SMX collaboration between CPKC and CSX is addressing evolving customer demands. Schneider National, Inc. (NYSE:SNDR), a premier multimodal provider of transportation, intermodal and logistic services, has been providing its customers with this service where they are enjoying unparalleled efficiency and reliability in their supply chains. "Our collaboration with CPKC and CSX on the Southeast Mexico Express represents a meaningful improvement in cross-border logistics for our customers," said Schneider President and CEO Mark Rourke. "This new service delivers greater efficiency and reliability across the supply chain, reinforcing our commitment to seamless, flexible transportation solutions that meet the evolving needs of shippers throughout North America." Key advantages of SMX include: Learn more about the enhanced shipping options of SMX by visiting Forward looking information This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws in both the U.S. and Canada. Forward-looking information includes, but is not limited to, statements concerning the parties' expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "will", "anticipate", "believe", "expect", "plan", "should", "commit", "outlook", "guidance" or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited, to agreements between CPKC and CSX, the anticipated impact of the agreements on available shipping options for customers, the effects of the agreements on access to markets in Texas, Mexico and the southeast U.S., the ability to maintain increased line capacity and to access key markets and assumptions underlying or relating to any of the foregoing. The forward-looking information contained in this news release is based on the parties' current expectations, estimates, projections and assumptions, having regard to CPKC's experience and its perception of historical trends, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to: changes in business strategies, North American and global economic growth and conditions; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates; performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out our business plan; geopolitical conditions; applicable laws, regulations and government policies, including without limitation, those relating to regulation of rates, tariffs, import/export, trade, taxes, wages, labour and immigration; the availability and cost of labour, services and infrastructure; labour disruptions; the satisfaction by third parties of their obligations to CPKC; and carbon markets, evolving sustainability strategies, and scientific or technological developments. Although CPKC believe s the expectations, estimates, projections and assumptions reflected in the forward-looking information presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty. Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information. By its nature, CPKC's forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including, but not limited to, the following factors: changes in business strategies and strategic opportunities; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth and conditions; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped via CPKC; inflation; geopolitical instability; changes in laws, regulations and government policies, including, without limitation, those relating to regulation of rates, tariffs, import/export, trade, wages, labour and immigration; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de México, S.A. de C.V.'s Concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains; the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the satisfaction of the conditions imposed by the U.S. Surface Transportation Board in its March 15, 2023 final decision; the success of integration plans for KCS; disruptions arising from the CP-KCS integration; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; improvement in data collection and measuring systems; industry-driven changes to methodologies; and the ability of the management of CPKC to execute key priorities, including those in connection with the CP-KCS transaction. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CPKC with securities regulators in Canada and the United States. Reference should be made to "Item 1A - Risk Factors" and "Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements" in CPKC's annual and interim reports on Form 10-K and 10-Q. Any forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CPKC undertakes no obligation to update publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise. About CPKC With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit to learn more about the rail advantages of CPKC. CP-IR About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at
Yahoo
13-06-2025
- Automotive
- Yahoo
WATCH: CSX delivers for Army's 250th birthday bash
BNSF and CSX teamed up to haul nearly 100 pieces of military equipment – tanks, armored vehicles, and tactical vehicles – from Fort Cavazos in Texas to Jessup, Md., in support of the Army's 250th birthday parade scheduled for Saturday in Washington, D.C. The 4,611-ton train originated on BNSF and was interchanged with CSX at Birmingham, Ala. From there, CSX handled the train on a 981-mile route through six states. Nine crews operated the train during its 55-hour trip, CSX said. On the point was the CSX Spirit of our Armed Forces ES44AH No. 1776, a tribute to the five branches of the military. The parade celebrates the founding of the Continental Army, established by the Second Continental Congress on June 14, 1775, more than a year before the signing of the Declaration of Independence.'Our team is honored to support this historic operation celebrating the Army's 250-year legacy of service to our nation,' CSX Chief Executive Joe Hinrichs said in a statement. 'The U.S. Army is a valued partner, and we take pride in employing veterans and active military members whose dedication and leadership inspire us. We remain committed to supporting those who serve and their families.' Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. How technology Is helping Union Pacific help truckers…and rail shippers Sharp slowdown in intermodal rail a warning for H2: AARGreenbrier: Elevating rail safety standards with state-of-the-art training The post WATCH: CSX delivers for Army's 250th birthday bash appeared first on FreightWaves.
Yahoo
11-06-2025
- Business
- Yahoo
CSX Announces Ratification of Labor Deal with Locomotive Engineers
JACKSONVILLE, Fla., June 11, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced that employees represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET) have voted to ratify the five-year collective bargaining agreement covering approximately 3,400 locomotive engineers. This is the first ratification reached by a Class I freight railroad with BLET. 'The ratified agreement demonstrates the value of our partnership with BLET, our CSX General Chairmen, and our shared commitment to improving the day-to-day experience for our locomotive engineers,' said Joe Hinrichs, President and CEO of CSX. 'I want to thank our engineers for their unwavering dedication to our customers and the communities in which we live and work. This is a significant milestone for our people and the future of our railroad.' The agreement mirrors the general wage increases, and health and welfare improvements from CSX's agreements with 13 other unions. Locomotive engineers make up approximately 20 percent of CSX's frontline workforce. To date, nearly 75 percent of CSX unionized workers are now covered by new agreements reached within the last 10 months. The only remaining major workgroup at CSX not covered by new agreements or a tentative agreement are trainmen/conductors represented by SMART-TD. CSX is currently engaged in bargaining with SMART-TD to consolidate separate territories, workforces, and execute a single-system collective agreement. About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at Like us on Facebook ( and follow us on X, formerly known as Twitter ( Contact: Matthew Korn, CFA, Investor Relations904-366-4515 Bryan Tucker, Corporate Communications 855-955-6397Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
CSX rebounds from service problems and sluggish operations
CSX has fully bounced back from a bout of operational challenges that began with hurricanes last fall and worsened after the Feb. 1 closure of the Howard Street Tunnel in Baltimore, CEO Joe Hinrichs tells Trains. The railroad's on-time performance in May, measured by trip plan compliance for intermodal and carload shipments, has returned to December levels. 'I've learned enough from Mother Nature to never call the all clear. But we feel really good about the state of our railroad right now,' Hinrichs said in an interview on Wednesday. 'The yards are in good shape. The network is performing back to where it was in '23. And so the team's done a great job … quickly getting the network back.' CSX (NASDAQ: CSX) was already struggling operationally when it shut down the Howard Street Tunnel for a six-to-eight-month double-stack clearance project. This forced the railroad to detour more than 16 trains per day. The tunnel is a key link in both the north-south Interstate 95 Corridor and the east-west corridor that connects Baltimore with the Midwest and with coal mines in West Virginia and Pennsylvania. By the first week in April, the CSX network had slowed to levels not seen since the 2022 service crisis caused by widespread crew shortages at all four big U.S. railroads. The latest performance metrics, released Wednesday, tell the story of how CSX turned its operations around over the past seven weeks: Terminal dwell has improved 20.2% compared to the worst week this year. Average train velocity is running 15.4% above the lowest level posted this year. The number of cars online, a key indication of congestion, has decreased 11.7% compared with this year's high point. And CSX is running faster than last year at this time, too. Last week's dwell was 5.9% lower than the same week last year, while velocity was 3.4% higher. As a result, combined trip plan compliance for intermodal and carload traffic stood at 82.5% in May – up from 68.1% in early April and in line with December 2024's 82.7%. The number of cars online is currently 0.7% higher than a year ago. But that figure reflects extended transit times related to detouring traffic around the Howard Street Tunnel and the out-of-service Blue Ridge Subdivision, which has been closed since September due to extensive damage from Hurricane Helene. The recovery came faster than initially expected. Executives had said service improvements wouldn't come overnight and that the Howard Street and Blue Ridge Sub detours would continue to weigh on the railroad until the projects are completed in the fall. 'I'm proud of the team, but I'm not surprised because I know the capability of this organization,' Hinrichs said. Hinrichs says he also wasn't surprised by the fragility of the network given a string of unusual events. Sixty miles of the Blue Ridge Sub — the former Clinchfield Railroad on the rugged North Carolina-Tennessee border — were wiped off the map in September. Hurricane Milton struck the Southeast right on the heels of Hurricane Helene. Midwestern yards were congested when CSX shut down the Howard Street Tunnel. And then recovery efforts were complicated by spring flooding that hit Kentucky and Tennessee. 'In hindsight, we should have made sure that those yards were in better shape before we took the Howard Street Tunnel down,' Hinrichs said. 'I don't expect we'll have that kind of sequence of events happen again, but we did learn some lessons. Clearly, we've got to keep our yards in great shape. And we have to make sure that we stick to our … service plans, because therein lies our success.' If there is another weather-related disruption, Hinrichs says CSX will be better prepared to respond because the network is running well. 'We're in good shape now and, obviously, our plan and our goal is to keep it running there. What's encouraging is we're getting to these levels before we get the Blue Ridge and Howard Street Tunnel back. So we run like this now and we get those two … projects completed, we're going to be even in better shape.' CSX's operational problems followed a familiar pattern: As a railroad slows down and gets congested, it eventually runs into crew and locomotive shortages, which makes it harder to run to the operating plan — much less clear congestion. And when transit times rise, customers add cars to the system, which further snarls operations. But what made CSX's 2025 meltdown unusual was that it was not accompanied by a wave of customer complaints. Hinrichs credits this to proactive communication with shippers and close coordination between customer service and operations. The customer service team asked customers to prioritize their shipments. The information was then passed along to operations, which put an emphasis on moving the hot cars. In some instances, CSX trucked containers and trailers around rail congestion so that they would arrive on time. 'We did a number of extraordinary things to keep our service focused on our customers and to respond to customer needs,' Hinrichs said. 'And so what we found really important to customers was visibility and proactive communication. And I think that's why you didn't hear a lot of complaints.' CSX took several steps to clear congestion. Among them: pulling 45 locomotives from storage, ordering 20 additional locomotive rebuilds, adjusting engineering work blocks to align with natural lulls in traffic, storing 2,000 cars, and collaborating with customers and shortline railroads to pre-block traffic and increase the frequency of interchanges. Hinrichs says the railroad was adequately staffed on the routes that have had to shoulder the burden of the Howard Street Tunnel and Blue Ridge Sub detours, which account for about 12% of the railroad's daily train starts. But crew supply got tight once congestion put crews and locomotives out of position. To boost crew levels, the railroad temporarily transferred crews to 13 locations and consolidated extra boards at eight locations. Hinrichs also made two appeals to train crews and other employees to make themselves available, particularly on weekends, to help get traffic moving. Did those bulletins make an impact? 'I'll just say I'm really proud of how our team responded. I believe in treating all of our 23,000 railroaders as equals and I felt they needed to know what was happening and what help was needed and where we needed additional help. And they responded,' Hinrichs said. Independent analyst Anthony B. Hatch says CSX did a remarkable job turning its operations around. To please customers, the railroad has been absorbing the extra costs related to the detours. 'So CSX is taking the hit, not shippers,' Hatch said. CSX's first-quarter profits fell as congestion hurt volumes and revenue while driving up the railroad's expenses. Related: Weather issues, tunnel work cost CSX $1 million a day in first quarter The post CSX rebounds from service problems and sluggish operations appeared first on FreightWaves.
Yahoo
24-05-2025
- Business
- Yahoo
CSX Corporation. (CSX) Sees Growth as 600+ New Projects Ride Domestic Manufacturing Wave
As U.S. manufacturing ramps up under new government incentives, CSX Corporation. (NASDAQ:CSX) is seeing a surge in industrial development. CEO Joe Hinrichs told CNBC that 37 new plants have opened along CSX's rail network in 2024 alone, and the number of ongoing projects with companies has risen from 500 to 600. A freight train moving through a rural landscape, its engine and numerous rail cars carrying the company's cargo. CSX Corporation. (NASDAQ:CSX) helps manufacturers build rail-served facilities across its East Coast footprint, benefiting directly from the reshoring wave sparked by Washington's push for domestic production. However, macroeconomic and environmental headwinds persist. Tariffs on Chinese goods, although affecting less than 10% of CSX's revenue, are disrupting freight patterns. The company heavily relies on traffic from West Coast ports that traverse inland to key hubs like Chicago and Memphis, making global trade shifts a material risk. Hinrichs also cited continued operational strain from Hurricane Helene, which wiped out a quarter of CSX's north-south network. Reconstruction is ongoing, with full recovery expected by Q4. Despite these challenges, Hinrichs remains bullish. The shift toward U.S.-based production is translating into tangible infrastructure wins for CSX Corporation. (NASDAQ:CSX), positioning the company to capitalize on a long-term industrial resurgence. Analysts are closely watching CSX's recovery timeline and exposure to geopolitical trade risks as potential earnings catalysts or setbacks. While we acknowledge the potential of CSX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSX and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
