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CSX posts record 4Q, full-year results
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42…
CSX launches industrial development website
CSX has launched a new online portal to help its customers more easily access the resources they need to locate or expand facilities on CSX’s rail network: www.csxindustrialdevelopment.com.
CSX cites robust economic development efforts
In 2014, CSX and its customers collaborated on 107 projects to build or expand facilities on CSX’s network and short line partners.
CSX re-opens Chicago Locomotive Shop
CSX on Dec. 18, 2014 celebrated the re-opening of the Chicago Locomotive Shop at Barr Yard in Riverdale, Ill. The historic facility, which had been shut down in 1992, reopened…
CSX opens Montreal intermodal terminal
CSX has opened its new Valleyfield Intermodal Terminal in Salaberry-de-Valleyfield near Montreal, Quebec, expanding the railroad’s intermodal network capacity and offering Canadian customers domestic and international service that connects with…
“Aw shucks, we’re happy to help”
Ever hear of the Oyster Express? In the midst of a season filled with stories of railroads running special Santa trains all over the country to bring food, clothing, toys, and…
CSX CFO upbeat on 4Q, long term
CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials…
CSX ranks high as military-friendly employer
CSX has been recognized as the sixth-most military-friendly employer on G.I. Jobs’ 2015 Top 100 Military Friendly Employers ranking, and the second-most military-friendly employer in the transportation industry. This is…
Short line opens machinery distribution hub
Greenville, S.C.-based Greenville & Western Railway Co. (GRLW) has opened its Big Creek Machinery Distribution Hub, located in Williamston, S.C., President and CEO Steven C. Hawkins says.
Amtrak files complaint with STB over Capitol Limited performance
Amtrak has filed a complaint with the U.S. Surface Transportation Board against Norfolk Southern and CSX over substandard on-time performance of the Washington D.C.-Chicago Capitol Limited, which operates over right-of-way…
Suit filed to block CSX D.C. tunnel plan
A suit filed in federal court seeks to block CSX from improving and expanding its Virginia Avenue Tunnel in Washington, D.C.
Railroads are searching for ways to keep intermodal moving, and growing, on a capacity-constrained network.
Four paths to natural gas
LNG or CNG? At the High Horsepower Summit in New Orleans, four newer players in the natural gas-powered-locomotive field described their plans.
Is coal on a comeback?
With utility losses stabilizing and global demand still strong, carloads are edging upward.
FHWA approves CSX Virginia Avenue Tunnel project alternative
The Federal Highway Administration has approved a preferred construction alternative for CSX’s Virginia Avenue Tunnel project, enabling CSX to complete the tunnel’s design and initiate the construction permitting process.
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…
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