CSX Railroad Earnings Boost From Feed Grain, Oils, Ethanol and Construction Shipments

Railway giant CSX Corp delivered better than expected Q3 earnings, though earnings fell 4% as weakness in coal and intermodal dragged revenues lower. $CSX train velocity improved 13% to record levels while car dwell remained relatively stable near record levels.

CSX Railroad Earnings Beat With Record Operating Ratio

Railway giant CSX Corp delivered better than expected Q3 earnings. $CSX achieved a record operating rartio with increases in fuel recovery, price rises and volume growth in most markets. Railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later this week.

Rio Tinto Approved For Massive Autonomous AutoHaul Iron Ore Trains

Mining giant Rio Tinto has been approved by the Australian Office of the National Rail Safety Regulator to operate the world’s first heavy haul, long distance autonomous rail operation for it’s ironore operatioin in Western Australia. $RIO says AutoHaul will improve safety, productivity and lower costs.