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CSX to impose hefty fees on some rail customers in 2018
Source: Reuters
#U.S. NOVEMBER 22, 2017 / 4:33 PM / UPDATED 16 HOURS AGO
Exclusive: CSX to impose hefty fees on some rail customers in 2018
Eric M. Johnson
3 MIN READ
SEATTLE (Reuters) - CSX Corp will charge new fees for freight shipments to Mexico and hike charges for customers that fail to load or discharge railcars by agreed deadlines or ship unsafely loaded or overweight railcars as of Jan. 1, the company said.
A Nov. 15 notice of the changes, seen by Reuters, would encourage customers to better conform to CSX’s schedules as it faces persistent service delays and disruptions partly caused by its dramatic operations overhaul.
CSX spokesman Rob Doolittle said by phone on Wednesday the charges were “in line with efforts to optimize the use of assets,” including railcars. “These changes are intended to improve the efficiency of our operations,” he added.
CSX Chief Executive Hunter Harrison, who took the job in March, has been streamlining operations with his “precision scheduled railroading” strategy, which relies on running freight trains based on strict schedules instead of individual shippers’ needs.
-snip-
Exclusive: CSX to impose hefty fees on some rail customers in 2018
Eric M. Johnson
3 MIN READ
SEATTLE (Reuters) - CSX Corp will charge new fees for freight shipments to Mexico and hike charges for customers that fail to load or discharge railcars by agreed deadlines or ship unsafely loaded or overweight railcars as of Jan. 1, the company said.
A Nov. 15 notice of the changes, seen by Reuters, would encourage customers to better conform to CSX’s schedules as it faces persistent service delays and disruptions partly caused by its dramatic operations overhaul.
CSX spokesman Rob Doolittle said by phone on Wednesday the charges were “in line with efforts to optimize the use of assets,” including railcars. “These changes are intended to improve the efficiency of our operations,” he added.
CSX Chief Executive Hunter Harrison, who took the job in March, has been streamlining operations with his “precision scheduled railroading” strategy, which relies on running freight trains based on strict schedules instead of individual shippers’ needs.
-snip-
Read more: https://www.reuters.com/article/us-csx-penalties/exclusive-csx-to-impose-hefty-fees-on-some-rail-customers-in-2018-idUSKBN1DM2R6
