Railroaders place to shoot the shit.

Cy Valley · Upgraded Condition

Bringing a Smile to Some BJ Faces

Freddie Krueger · Unstable & Irrational

Ha! The bastards had a stock split right before they had to award some of my engineers stock for perfect weekend attendance. Goofy GCA is trying to negotiate something to rectify all that. I read it, soon the weekend will be four days. To many new hoops to jump through. He is a dope.

Freddie Krueger · Unstable & Irrational

I suggested that they come up with a dollar amount, then they could split it into a thousand and one pieces and it wouldn't matter. Except for Uke.

YardSlug · Upgraded Condition

Calling Finamore Goofy is being too kind. You saw something in writing from him about rectifying the stock award?

Snippy · Force Majeure

A negotiated stock award expressed in shares was about the dumbest thing that Snippy ever saw besides The Cad. This has happened before. All they had to do was make it split adjusted from the start...

Freddie Krueger · Unstable & Irrational

Yes Sluggo, I saw a letter from Finemore. I am trying to be kinder in Uke's old age.

Uke · Cured

Contrary ta what Phreddie sez, Uke does NOT care about CSX. Except in the larger scheme of transportation infrastructure, and CSX's place within...

However this may delight Phred, in spite of his bidderness. Also, Uke does not own CSX stocks.

But IF Phreddie continues his good work on behalf of Mike, Uke may consider a purchase.

UPDATE: CSX To Boost Work Force About 4% In 2011

2 hours 20 minutes ago - DJNF

--CEO Ward says customers expect increased shipments in second half
--Overall freight volume climbed 3% in second quarter
--Comparable prices rose 7.2%
(Updates throughout with CEO interview, additional details and stock activity.)

By Bob Sechler
Of DOW JONES NEWSWIRES

CSX Corp. (CSX) on Wednesday detailed plans to boost hiring and increase its locomotive and railcar fleets, as weather disruptions and growing freight demand continued pressuring the railroad's service levels in the second quarter.

The Jacksonville, Fla.-based company also said the investments will help accommodate what it expects to be rising freight volume going forward.
"When we talk to our customers, they're expecting increased shipments in the second half" of the year, Chief Executive Michael J. Ward said in an interview.

CSX's overall freight volume climbed 3% in the second quarter compared to the year-ago period, decelerating from a 7% growth rate in the first quarter.

He blamed weather-related disruptions for the bulk of CSX's service deterioration in the second quarter, although he noted that in some cases railroad crew shortages contributed as well.

Regardless, "none of the [performance] metrics got to the level where there was severe impact on our customers," Ward said, adding that CSX already is making progress on reversing the trends.

Among other performance metrics, CSX said Wednesday that its average train velocity slipped to 19.8 miles per hour in the second quarter, from 20.9 mph a year ago, while dwell times at terminals increased to 26 hours from 23.7 hours.

The declines mirrored a first-quarter trend and come at a time when CSX and other top railroads have been raising prices, touting the value of rail transport.

CSX said comparable prices climbed 7.2% in the second quarter from the year-ago period.

Ward said Wednesday that CSX's service levels still justify its price increases, despite what he described as the slight deterioration.

"We are providing the customers the service they need," he said.
Still, CSX raised its hiring forecast for the second time this year, saying it now expects to increase its work force by a net of 4% in 2011 compared to 2010.

CSX said in April that it expected its 2011 headcount to be up 3%, boosting the figure from a January forecast of a rise of 1% to 2%.

The latest hiring plan translates to a net increase of about 1,200 employees from CSX's 30,083 employees in the fourth quarter of last year.

Meanwhile, CSX said it will add 250 locomotives to its active fleet as well as 3,800 railcars. The bulk of the new railcars will be coal cars aimed at handling what CSX said has been a big increase in demand for transport of U.S. coal bound for export to overseas markets.

CSX shares were off 0.78% at $25.28 in recent trading, although the stock had climbed 18% this year through Tuesday's close.

-By Bob Sechler, Dow Jones Newswires; 512-258-1690; bob.sechler@dowjones.com

(END) Dow Jones Newswires
07-20-11 1226ET
Copyright (c) 2011 Dow Jones & Company, Inc.

-- Edited by Uke on Friday 22nd of July 2011 09:00:40 AM

YardSlug · Upgraded Condition

Freddie Krueger wrote:
Yes Sluggo, I saw a letter from Finemore. I am trying to be kinder in Uke's old age.

Care to share said letter? We had our division meeting Monday and the stock award "rip off" was discussed. I think some in my division would like to see it.

Freddie Krueger · Unstable & Irrational

Sure, your Local Chairman should have a copy of it to via email.

Railroaders place to shoot the shit.

Hmm. That address doesnt look right.
It looks like the link pointing here was faulty.

Gah. Your tab just crashed.

Railroaders place to shoot the shit.

Hmm. That address doesnt look right.It looks like the link pointing here was faulty.

Gah. Your tab just crashed.

Hmm. That address doesnt look right.
It looks like the link pointing here was faulty.