Railroad
CSX Reports Record 1Q Results on Strong Volume Growth
CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs.
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.
CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly
NORFOLK, Va. — CSX Transportation Inc. is suing Norfolk Southern Railway and the Chesapeake-based Norfolk & Portsmouth Belt Line Railroad, alleging that they have conspired to create a monopoly at Norfolk International Terminals by essentially boxing out CSX at the Port of Virginia’s largest container facility.
CSX Profit Jumps to $877 Million
CSX Corp. reported second-quarter net earnings of $877 million, or $1.01 a share, a rise of 72% from net earnings of $501 million, or 55 cents a share, in the same period a year ago.
July 17, 2018CSX to Open Hub in Eastern North Carolina
North Carolina Department of Transportation officials announced June 28 that they have reached an agreement with CSX Corp. to build a new intermodal transportation facility in Edgecombe County.
CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing
CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.
CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations
CSX Corp., the country’s third-largest railroad, reported stronger-than-expected earnings April 17 as the company cut costs. First-quarter net earnings were $695 million, or 78 cents per share. That is more than the 66 cents per share analysts had been expecting.
CSX to Purchase Collision Avoidance System
Freight rail company CSX Corp. is ordering the Protran Technology Collision Avoidance System to be installed on several hundred of its railway track maintenance machines, and eventually onto its entire fleet.
April 6, 2018CSX Sells Stake in Hotel Property
CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.
February 20, 2018Amtrak Crash Adds to CSX’s Rising Accident Toll
A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents.