US intermodal players gear up to target cross-border rail trade with Mexico
US intermodal operators are beefing up their capabilities in the Mexico trade, where the domestic ...
© Wangkun Jia
Chief executive James Foote seems to be handling the CSX train with the sort of dexterity his predecessor would have admired. Yesterday, the US rail carrier reported third-quarter earnings well above Wall Street expectations. Freightwaves reports Mr Foote as saying the carrier is two years ahead of where it expected to be at this stage. Furthermore, Mr Foote also expressed excitement by the overall performance, with net income almost double that reported for the same period last year – $894m versus $459m.
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