The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry.
Net income for the third quarter 2019 was $45.1 million or $1.25 per diluted share Company expects to be at the high end of or slightly above the range of its previously disclosed 2019 full-year earnings guidance of $4.85-$5.15 Rail North America's fleet utilization remained strong at 99.2% CHICAGO, Oct.
CSX is taking a bold transparency move. In releasing this kind of performance information, it is also at the early stages of disclosing how poor logistics delivery to customers has been in the past.
Each and every production region in the U.S. has its own unique geology, geography and hydrocarbon assets, but few, if any, are more unusual than the Uinta Basin in northeastern Utah. Physically isolated from all refining centers except Salt Lake City, the region boasts enormous reserves of waxy crude oil that’s been made accessible at a very low cost per barrel via horizontal drilling and hydraulic fracturing.
A decree on return of control of the Ukrainian Railways joint-stock company (JSC Ukrzaliznytsia) to the Ministry of Infrastructure has already been submitted to the Cabinet of Ministers. This was announced by Deputy Minister of Infrastructure Oleksandra Klitina, the CFTS portal reports, citing the data.ua publication. "It is planned.
