CSX

Henderson Bypass Receives CSX Select Site Designation

CSX has designated the Henderson Bypass Rail Site in Henderson, Ky., as a CSX Select Site, a “development-ready property along the CSX network where standard land use considerations and comprehensive due diligence items have been previously addressed … able to meet the needs of a wide variety of manufacturers, significantly reducing the time required to construct facilities and ultimately bring products to market.”

CSX Sets Operating Ratio Record in 3Q19

CSX announced 3Q19 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year—an EPS increase of 3%. CSX’s operating ratio set a new company record of 56.8%, improved from 58.7% in the prior year.

Sales and Marketing Restructuring at CSX

CSX has made several changes in its sales and marketing leadership team, promoting Farrukh Bezar to Senior Vice President Marketing and Arthur Adams to Vice President Merchandise Sales. Vice President Industrial Products Dean Piacente and Vice President Food and Agricultural Products Tim McNulty are retiring following more than 30 years of service.

CSX: Changes at the Top

CSX has appointed Kevin Boone as Executive Vice President and Chief Financial Officer and Jamie Boychuk as Executive Vice President Operations. Ed Harris, who previously led the Operations function, will continue as Executive Vice President Operations with a combination of operating and general executive responsibilities.

CN to acquire CSX line in New York

Canadian National announced the signing of an agreement that will see CN acquire the Massena rail line from CSX, which represents more than 220 miles of track between Valleyfield (Quebec), in Canada, and Woodard (New York), in the U.S. The Massena rail line also serves many cities in the province of Quebec, including Beauharnois and Huntingdon, and in the state of New York, including Massena, Norwood, Potsdam, and Gouverneur.