New Vice President of Energy at CSX

CSX Corporation today announced that Adam Longson, a seasoned leader with expertise in energy and transportation analytics, is joining the company’s Sales and Marketing organization as vice president of Energy effective September 9, 2019.

Alvin “Pete” Carpenter, 1942-2019

Alvin “Pete” Carpenter, who worked his way up from railroad brakeman to President and CEO of CSX Transportation, died Aug. 20 following a battle with cancer. He was 77.

CN, CSX Create New Intermodal Lane

On Oct. 7, 2019, CN and CSX will launch a new intermodal service linking CN’s greater Montreal and Southern Ontario areas with CSX-served ports in Philadelphia and New York/New Jersey.

CSX’s Ed Harris at AARS: Straight Talk on PSR

CSX Executive Vice President Operations Ed Harris addressed his railway operating peers at the annual Association of American Railroad Superintendents conference the week of July 22. The topic was his view of Precision Scheduled Railroading (PSR). We have all seen and read about PSR multiple times. What could Harris possibly add, especially for the experienced operating men and women seated before him?

CSX “achieving record levels of efficiency”

CSX Corp. (CSX) today announced a 2Q19 earnings per share increase of 7% on net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same period last year. In addition, CSX’s operating ratio set a company second-quarter record of 57.4%, improved from 58.6% the prior year.

RailUSA acquires 430-mile Florida rail line

Independent freight railroad and rail services holding company RailUSA, LLC recently acquired a 430-mile rail line and related real estate from CSX Corporation (CSX). Financial terms of the deal were not disclosed.

CSX names Bezar Chief Strategy Officer

CSX has appointed Farrukh A. Bezar as Senior Vice President and Chief Strategy Officer. He will lead the development of strategic initiatives that support CSX’s “intensified focus on growth and adding value for its customers and shareholders,” the company said. Bezar’s appointment is effective May 29. He will report to CSX President and CEO Jim Foote.

Carolina Connector groundbreaking ceremony held

Representatives from the N.C. Department of Transportation (NCDOT), CSX Corp. and the Carolinas Gateway Partnership recently held a groundbreaking ceremony for the Carolina Connector (CCX) intermodal transportation facility.

CSX’s Van Tassel honored with environmental award

The Association of American Railroads (AAR) has named CSX Transportation’s Gary Van Tassel II the 2019 John H. Chafee Environmental Excellence Award winner.

CSX: 31% EPS increase, record OR

CSX Corp. announced on April 16 that its first-quarter 2019 net earnings reached $834 million, or $1.02 per share, against $695 million ($.78 per share) year-over-year—an earnings per share increase of 31%.

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