CSX Corp.’s container cargoes have increased about 10 percent for two straight quarters as eastern U.S. railroads invest billions in a business that threatens the trucking industry’s most lucrative shipments.
CSX and smaller Norfolk Southern Corp. are expanding yards, bridges and tunnels to make room for more cars carrying containers that can move by rail, highway or water. The upgrades will help blunt the impact of falling coal volumes and meet demand from trucking customers for an alternative to rate increases driven by higher fuel prices.
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