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Class I CEOs diverge on the merits of mergers
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
CSX awards Savage locomotive mobile fueling services contract
CSX has entered into an agreement with Savage for mobile locomotive fueling services at 30 sites across the CSX network in the eastern U.S.
CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
CSX posts record 3Q 2014 results
CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last…
What lurks behind the door Hunter Harrison opened?
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
CSX rejects CP merger proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and…
CSX hosts first-responder CBR training at SERTC
Forty first-responders representing 30 communities around CSX’s railroad network have undergone crude-by-rail (CBR) incident response training at the Security and Emergency Response Training Center (SERTC) in Pueblo, Colo.
Eliasson: “CSX well-positioned for growth”
“As global freight demand increases and American highways remain overcrowded and underfunded, CSX is building on a proven track record of success for shareholders by capitalizing on growth opportunities across…
CSX launches Operation Respond
As part of an ongoing focus on community emergency preparedness and training, CSX is introducing “CSX Operation Respond,” a new mobile information system that it says “will enhance first responders’…
CSX to help fund Baltimore wall repair
CSX Transportation reportedy has agreed to pay up to $10 million to the city of Baltimore for costs related to rebuilding the 26th Street wall that collapsed last spring, spilling…
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