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Feds advance Amtrak control of Empire Corridor

(Source: Albany Times Union, October 18, 2012) Federal regulators have cleared the way for Amtrak to take control of nearly 95 miles of the Empire Corridor, leasing it from CSX Transportation and giving the passenger railroad control of everything from train schedules...

CSX CEO fears ‘fiscal cliff’ slowing growth

(Source: MarketWatch, October 16, 2012) JACKSONVILLE, Fla. — CSX Corp. Chief Executive Michael Ward said Wednesday that the looming “fiscal cliff” of steep government spending cuts and tax increases could derail what he otherwise anticipates will be a...

CSX sees soft utility coal demand continuing into 2013

(Source: Reuters, October 17, 2012) NEW YORK — U.S. railroad CSX Corp., which serves the U.S. East Coast, said it expected continued soft demand for coal among utilities, a key market for the company, but shipments should begin to flatten next year as electricity...

CSX 3Q 2012 profit dips slightly from 2011 on volume shift

(Source: Associated Press, October 16, 2012) OMAHA, Neb. — CSX Corp. reported a 2 percent dip in its third-quarter profit and revenue because of a volume shift, and fuel surcharge revenue declined. The railroad made $455 million, or 44 cents per share, which is down...

Railroad stocks up at close of October 12 trading

(Source: Associated Press, October 12, 2012) NEW YORK — Shares of some top railroad companies were up at the close of the close of trading on October 12, including CSX, which rose 0.7 percent, and Kansas City Southern, which rose 1.0 percent. Full story: CBS...

Earnings preview: CSX railroad’s 3Q 2012 report

(Source: Associated Press, October 9, 2012) JACKSONVILLE, Fla. — CSX Corp. will be the first major freight railroad to release third-quarter earnings when it reports next week, so investors will be looking for clues about the health of the industry and the economy....

Railroad stocks up at close of October 5 trading

(Source: Associated Press, October 5, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on October 5, including CSX, which rose 0.6 percent, and Union Pacific, which rose 0.5 percent. Full story: CBS News

CSX Corporation declares quarterly dividend

(Source: CSX press release, October 3, 20212) JACKSONVILLE, Fla. — On October 3, the board of directors of CSX Corporation approved a $0.14 per share quarterly dividend on the company’s common stock. The dividend is payable on December 14, 2012, to shareholders of...