News / Q4 one to forget for US rail operator CSX, but Canada's CPR breaks records

© Peter Titmuss

The closing quarter of 2017 will be one to forget for US rail operator CSX: the untimely death of chief executive Hunter Harrison coinciding with declining intermodal volumes.

Volumes for the three months to December dropped by some 5% to 719,000 tonnes, with intermodal revenue falling 1% to $471m.

However, despite this, quarterly revenue per unit climbed 4% to $655, and the dent failed to offset full-year figures, indicating that Mr Harrison’s move to ’precision railroading’ was working.

Chief executive James Foote said: “CSX’s ...