CSX Atlanta Downsizing Continues

BNSF FAN Jan 18, 2018

  1. Brian Jacobs

    Brian Jacobs New Member

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    It's sad to hear/read a piece of American transport history gets demolished. I mean, it's inevitable for them to deteriorate as time goes by. It is up to the management and the people to preserve them.

    I've been to a lot of train travels in the USA, sad I missed this.
     
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  2. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    I was by what used to be Tilford yard Saturday morning. First time I had been down there since the dismantling began. It was sad to see even though I know what to expect. Basically, only the main line, a few buildings and a bunch of light and power poles are left now. Maybe on my next trip that way, I will get some good shots to share.

    We will not discuss why there are no pics this time of the empty ground or all the cool stuff I saw next door at NS's Inman yard.
     
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  3. Hardcoaler

    Hardcoaler TrainBoard Member

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    Looks like NS reported good numbers this morning with quarterly profits rising from $506 Million a year ago to $702 Million. EPS was $2.52, above estimates of $2.44. Revenue was up as well by 10.4%.

    I'm not sure if UP has reported yet, but I read that their numbers should be good. Sadly, UP is cutting 475 jobs in Q4 with more to come. Earlier in the year UP reported that system congestion was taking a toll on profitability; I have a hard time understanding how layoffs are going to help their network become more fluid, but I guess UP leadership is under pressure to look reactive.
     
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  4. acptulsa

    acptulsa TrainBoard Member

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    Is it just me, or is an extensive downsizing program that causes your main competitor's profits to rise by 40% a failed program?
     
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  5. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Trying to do more, with less is a recipe for big troubles. "Streamlining" to seem more profitable is a facade. Or perhaps better to call it pure deception, aimed at the public/investors. Either way, not good. Even if stocks rise, still just building upon wet sand for a foundation and hoping by some miracle it holds up.
     
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  6. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    We may not be able to assign this all to CSX actions, but likely NS has received good benefits from unhappy shippers coming aboard. In a time when coal hauling revenues seem to generally be falling, something has definitely happened for such monumental growth in twelve months.
     
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  7. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    Here are some pics around Tilford yard about 10 years ago.
    turney-R1-1.jpg
    turney-R1-3.jpg
     
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  8. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    Looking North
    IMG_8203.JPG IMG_8208.JPG
     
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  9. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    More looking North
    IMG_8223.JPG
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  10. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    And another looking North
    IMG_8238.JPG
     
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  11. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    And only dug up one looking South. Know I have a lot more somewhere.
    IMG_8391.JPG
    IMG_8386.JPG
     
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  12. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    Now then, the weather was dreary on Saturday but you will get the idea.

    Facing North
    20181027_161052.jpg
    20181027_161157.jpg
     
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  13. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    Saturday facing South
    20181027_161106.jpg
    20181027_161127.jpg
    20181027_161143.jpg
     
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  14. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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  15. Hytec

    Hytec TrainBoard Member

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    Atlanta was a major classification hub for over 150 years. I guess customers and traffic patterns have changed so now Atlanta is irrelevant as a hub.

    Interestingly, I've noticed that the Crescent's schedule keeping has improved recently, not perfect, but better. I wonder if CSX's modified traffic patterns have had anything to do with that? Be great if Crescent's time-keeping returned to its precision when I was commuting Slidell-Washington 20-30 years ago arriving within 10 minutes of the advertised.
     
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  16. Kurt Moose

    Kurt Moose TrainBoard Member

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  17. Hardcoaler

    Hardcoaler TrainBoard Member

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    Shocking photos BNSF FAN. Thanks for posting. I don't know a thing about Atlanta real estate, but I suppose that more than a few developers and city planners would love to call Tilford's land their own.
     
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  18. Hytec

    Hytec TrainBoard Member

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    Absolutely. Those photos remind me of the loss of Pot Yard's miles long double hump in Alexandria, VA in the 70's. Now, 40 years later, you see only two tracks running through high-rises with virtually no land on either side or sunlight. Change is inevitable, interesting when read in history books, but shocking when observed in real time. :eek:
     
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  19. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Yes, change is inevitable. However, sometimes it happens so fast that one can only wonder about the lack of long term vision.

    If CSX sells off that land, they will get a very temporary bump in how finances appear. Then it is gone. Meanwhile, if they ever need capacity there again, it could take years of costly struggles, and how much more than the sale price to replace it all?
     
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  20. ddechamp71

    ddechamp71 TrainBoard Member

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    ...PLeased to see these good old SD40-2s still soldiering on with Class 1 RRs... ;)

    Dom
     
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