CSX

Whether it’s airlines, railroads or the manufacturing industry, demand isn’t yet a problem. Service is another issue.

CSX delivered slightly better profit in the second quarter.

A federal appeals court has ruled that details of some of the conversations between the nation’s four largest railroads about their rates can now be included in lawsuits challenging billions of dollars they charged their customers.

A Canadian man attempting to sneak over to the United States via freight trains has been caught.

On Wednesday, Amtrak joined the streaming platform Twitch to livestream empty train tracks in Mississippi. Over 1,300 people watched.

The United States lags behind the rest of the world when it comes to passenger trains but when it comes to the freight railroad the U.S. is dominating.

These are the stocks posting the largest moves before the bell.

The 30-stock Dow jumped about 150 points to hit an intraday record Wednesday, surpassing its peak from mid-August.

Wash your car properly so you don't damage it.

Rail crossing on W. Front St. reopens

The crossing on S. Beltline Boulevard can be a jarring, teeth-rattling experience.

Several major unions say the significant staff cuts railroads have made in recent years could jeopardize safety, but the major railroads say the new operating model they have adopted is simply helping them become more efficient and hasn’t made the railroads riskier.

Demolition began Monday and will most likely be completed this week.

These are the stocks posting the largest moves in midday trading.

Asian shares are higher after a broad advance on Wall Street.

Airline and railroad stocks are set to report earnings this week. Here's what traders Nancy Tengler and Ari Wald are watching.

FILE- In this July 31, 2018, file photo a Union Pacific train travels through Union, Neb. – A federal judge has ruled that the details of conversations between the nation's four largest railroads should be included in lawsuits challenging billions of dollars of charges the railroads imposed in the past. The lawsuits say the railroads conspired to boost prices starting in 2003 by imposing coordinated fuel surcharges and pocketing billions of dollars in profits. In the lawsuits, the railroads have argued that their fuel surcharges were legal and were simply designed to recover the skyrocketing cost of fuel at the time. Union Pacific, which is based in Omaha, Nebraska, plans to continue “vigorously defending itself against the allegations in these lawsuits,” spokeswoman Elizabeth Graham said.

(CBS DETROIT) – I-94 in Dearborn has been shut down Wednesday morning after a train derailed over the highway, Michigan State Police Say. Troopers arrived at 5:45 a.m. and saw a train car hanging over the exit lanes to Michigan and Wyoming Avenues. MSP says once the equipment becomes available, both directions of I-94 would need to be closed. As of Monday at 10 a.m. exit lanes to Michigan and Wyoming Avenues are closed. — MSP Metro Detroit (@mspmetrodet) October 28, 2020Once their equipment becomes available, I 94 in BOTH directions will need to be closed.

American Airlines, Southwest and Union Pacific will report Thursday morning. Bapis also points to Union Pacific as a standout transports stock, highlighting its 2% dividend yield and reasonable price-to-earnings ratio as two pros. Union Pacific has gained 10% in 2020, outpacing the IYT ETF's 6% gain. Robinson is set to report earnings on Tuesday. Vios holds shares in Union Pacific.

Transports were in the red Wednesday ahead of a busy stretch for the group. CSX is set to report earnings after the bell Wednesday and American Airlines, Southwest and Union Pacific are set for Thursday. Todd Gordon, founder of TradingAnalysis.com, is betting on a breakout for this slice of the industrials sector. "Perhaps we'll start to see a little bit of a rotation out into the transports here again as the economy comes back online." Gordon noted that the IYT transports ETF entered a stretch of consolidation from 2017 through to the beginning of this year.

CSX "is a very interesting company that actually has gone largely sideways over the last couple years. Mark Newton, founder of Newton Advisors, is looking to rail stock CSX as a barometer for the economy and the consumer. CSX has risen 11% so far this year, slightly more than the 10% gain for the Dow transports. Texas Instruments yields 2.7%, while the SMH semiconductor ETF yields 1.1%. So, ex-autos they were up 8% so if autos come back, we think that's going to be bullish," said Tengler.

Check out the companies making headlines after hours on Tuesday:Gap Inc. Stock of the clothing retailer was up more than 4% in extended trading after the company announced it no longer planned to spin-off Old Navy into a separately traded public company. The company also announced that Neil Fiske, president and CEO of the Gap brand, is departing. CSX Shares of the transportation company were down more than 3% in extended trading after CSX reported quarterly revenues of $2.89 billion, which missed analysts' estimates of $2.92 billion. Progress Software The software developer's shares were up more than 9% in extended trading after the company reported a 19% increase in quarterly revenue to $117 million. The company also announced the appointment of a new chief financial officer and said its current CFO is retiring.

CSX kicks off a big slate of earnings for the transports after the bell Thursday. However, options traders aren't quite ready to go all in on CSX. The options market is implying a move of about 4% in either direction between when CSX reports and Friday's close. "When you buy a straddle, you're betting on volatility, and that's what this trader is betting: that the stock will be more than 4% higher or lower by Friday when these options expire." The way this bet works out, this trader's break-even level would be about $2.88 higher or lower than that synthetic 75-strike price by Friday.

A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. Earnings off to a strong start: Will it continue? Earnings season kicked off with a bang this week, and a host of companies are set to report quarterly results Friday including American Express, Coca-Cola, and Kansas City Southern. For Coke, analysts are expecting the company to report EPS of $0.56 and $9.43 billion in revenue. Rail operator Kansas City Southern's report will be in focus following mixed results from its competitors.

Check out the companies making headlines midday on Wednesday:CSX CSX dropped 10.3% after the transportation company's second-quarter earnings missed estimates and it cut its revenue forecast. The company's results were driven by strong organic revenue growth in uniforms and First Aid kits. The company's results were impacted by lower trading commissions and an 8% rise in expenses. Seattle Genetics Seattle Genetics rose 18.9% as investors cheered record sales of Adcetris, a drug used to treat Hodgkin's lymphoma. Piper Jaffray raised the company's stock to overweight from neutral, citing the drug's strong performance.

The earnings season began this week, with 43 S&P 500 companies reporting as of Wednesday morning, and a whopping 84% beating analysts' estimates. The stock market, meanwhile, has traded sideways to slightly lower on thin volume this week, as earnings rolled out. I guess the way to think about it is we're a little cautious, but we think stock prices will work higher over the course of the year," said Keon. Tech earnings aheadCitigroup kicked off bank earnings on Monday, followed by J.P. Morgan, Goldman Sachs and Bank of America, among others. Financial companies' earnings are now expected to grow 8.7% for the quarter, up from expectations for growth of 5.6% on July 1, according to Refinitiv.

CEO of Railroad giant CSX says the US economy is the most...CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%. Marketsread more

The CEO of giant East Coast railroad operator CSX is sounding alarm on the U.S. economy as it weighs on the company's shipping volumes. "Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. Foote has worked in the railroad industry for more than 40 years and has been CEO of CSX since 2017. Before the earnings report, CSX had a stellar performance this year with its stock surging a whopping 28%. But like other big transports, CSX is starting to feel the pain from the ongoing trade war between the U.S. and China.

The ATF is investigating the theft of more than 500 pounds of explosives from a CSX train. Officials said the train made stops in Illinois, Ohio and Michigan. CBS News justice and homeland security correspondent Jeff Pegues reports for CBSN.