Transportation
Before the COVID-19 pandemic brought the U.S. economy almost to a halt, CSX was expecting 2020 to be a great year. But now that shipments have been drastically cut, the company is using the situation...
1 month ago
Last Updated: 1 month ago
Monitoring freight and rail traffic is one of the primary means of knowing what is happening inside the economy. The situation looks dire.
1 month ago
With solid financials and a likely shift to domestic manufacturing in some sectors, CSX is well placed to benefit from coronavirus recovery.
1 month ago
Norwegian Cruise Line stock saw a handy gain on Wednesday after the company announced that it had secured more liquidity to help keep it afloat through the next 12 months.
2 months ago
The U.S. Department of Transportation has allowed certain smaller airline carriers to suspend services to some cities.
2 months ago
Southwest Airlines posted a first-quarter loss Tuesday morning due to the impact of the COVID-19 pandemic. The company expects the second-quarter to be worse.
2 months ago
The coronavirus pandemic has all but brought the U.S. and global economies to a halt. The effects of stay at home orders ripple through the supply chain and hit transportation companies especially...
2 months ago
Both Delta and United have raised billions to keep employees working while passenger traffic has essentially disappeared. When will passengers be willing to get on a plane again?
2 months ago
Ten U.S. airlines have agreed to terms with the Treasury Department to accept assistance from the $25 billion fund designated to keep airline employees working through the end of September.
2 months ago
Yet, as the global economy picks up and China starts shipping again, railroads will get busier. CSX stock may be positioned to reap some of the benefits of the pandemic down the line.
2 months ago
Last Updated: 2 months ago
Amazon is reportedly shutting down a delivery service that picks up goods from a seller's location and delivers them to customers. This doesn't necessarily mean that the e-commerce giant is giving up...
3 months ago
Cities and states have started to report that traffic accident rates have dropped in the past month, as people remain home.
3 months ago
The number of people who travel by air on a given day has dropped by as much as 80%. That begs the question of whether the United States needs four big carriers.
3 months ago
Last Updated: 3 months ago
Airline employees have complained about safety conditions on the few flights that still serve American cities. A consumer group has protested current practices and offers suggestions for how carriers...
3 months ago
Last Updated: 3 months ago
Ironically, the destruction that the spread of coronavirus has brought to the economy has created the need to move even more things by rail, truck and air. CSX is in one of the few industries that...
3 months ago