Intermodal services in a dip as CSX ‘rationalises’ its network to regain reliability

US rail operator CSX’s intermodal division may have closed 2018 on the up, but this year has begun with “leaves on the line”.
Its first-quarter earnings statement reveals a 5% dip in revenue ($428m) and volumes, and points the finger of blame at the “rationalisation” of its domestic network.
Chief executive James Foote told investors: “Despite international growth, intermodal declined due to the additional lane rationalisations implemented following peak season.
“Intermodal revenues are …

The post Intermodal services in a dip as CSX ‘rationalises’ its network to regain reliability appeared first on The Loadstar.

Source: The Loadstar

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