CSX on Oct. 20 reported third-quarter 2021 revenue of $3.29 billion, a 24% boost from the prior-year period, with a 3% increase in volume.
Intermodal service provider Tiger Cool Express will develop a logistics center at the former Union Pacific Cold Connect warehouse in Wallula, Wash. In addition, CSX has designated a third Tennessee property as a CSX Select Site; Bartlett, a Savage Company, will build a $325 million soybean crushing facility in Kansas, to be served by Watco; and the U.S. Economic Development Administration is awarding CARES Act Recovery Assistance grants for the construction of a new industrial rail spur in Arkansas and improvements to the Lubbock Rail Port in Texas.
The Center for Climate and Energy Solutions (C2ES) and The Climate Registry have recognized CSX with a 2021 Climate Leadership Award.
CSX and Canadian Pacific (CP) are honoring customers for their commitment to the safe transportation of hazardous materials (hazmat).
Kansas City Southern (KCS) on Oct. 13 reported that Sameh Fahmy, Executive Vice President Precision Scheduled Railroading (PSR), will leave the company by year-end.
CSX is expanding hazardous materials safety education across its 23-state network with a Responder Incident Training (RIT) train.
Virginia has expanded daily Amtrak service from Richmond to the Northeast Corridor as part of its $3.7 billion initiative to improve passenger and freight rail capacity and relieve automotive traffic congestion in the commonwealth.
Associations representing private railcar owners are rebutting responses to their request that the Surface Transportation Board institute a rulemaking updating the demurrage and accessorial rules governing the railroads’ use and handling of their equipment.
The Surface Transportation Board (STB) has found five of the seven U.S. Class I railroads to be revenue adequate for 2020: BNSF, CSX, Kansas City Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific.
The Association of American Railroads, plus CSX and Union Pacific, are calling on the Surface Transportation Board to deny a Petition for Rulemaking that would update the demurrage and accessorial rules governing the railroads’ use and handling of privately owned freight cars.