The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing a deal on freight-rail workers, after rejecting a separate House-passed Read more
Tag: rail
‘A rail shutdown would devastate our economy’: Biden urges Congress to head off potential strike
OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, following pressure by business Read more
CSX set to boost rail network performance, say analysts
CSX, which delivered a third-quarter earnings beat and robust guidance last week, is well positioned to boost the performance of its rail network, analysts say. The railroad company’s stock rose Read more
The Ratings Game: After rail strike averted, chance for ‘freight recession’ should still spook investors, analysts say
Railroad operators CSX Corp. and Norfolk Southern Corp. were hit a downgrade from Susquehanna on Wednesday, with analysts citing bigger profit risk to rails operating in the eastern U.S., lingering Read more