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Gas field shipments boosting railroads

(Source: Bloomberg News, February 17, 2012) NEW YORK — CSX Corp.’s projected 40 percent gain this year in deliveries of fracking sand used for natural gas drilling may blunt a decline in coal shipments, the biggest commodity business for North American railroads. Full...

Elkridge residents want CSX rail transfer facility ruled out

(Source: Baltimore Sun, February 12, 2012) BALTIMORE, Md. — Elkridge residents are turning to lawmakers from Howard County for help fighting the potential placement of a CSX rail transfer facility in their community, arguing that lower costs should not be the only...

U.S. bankruptcy judge blocks CSX tax refund bid in Alabama

(Source: Reuters, February 9, 2012) BIRMINGHAM, Ala. — The U.S. judge overseeing an Alabama county’s $4.23 billion bankruptcy case on Thursday turned aside an attempt by CSX Transportation Inc to get $1 million in tax refunds tied to fuel purchases. Full story:...

CSX Corporation declares quarterly dividend

(Source: CSX press release, February 8, 2012) JACKSONVILLE, Fla. — Earlier today, the Board of Directors of CSX Corporation approved a $0.12 per share quarterly cash dividend on the company’s common stock. The dividend is payable on March 15, 2012, to...

CSX to suspend Indianapolis train traffic for Super Bowl

(Source: The Indy Channel, January 23, 2012) INDIANAPOLIS, Ind. — Train tracks that run within a block of Lucas Oil Stadium will be empty come Super Bowl Sunday (February 5). As part of the overall public safety plan to reduce the possibility of a hazardous chemical...

CSX posts increase in 4Q profit on higher freight prices

(Source: Associated Press, January 23, 2012) JACKSONVILLE, Fla. — Freight railroad operator CSX Corp. said Monday that fourth-quarter profit rose 6 percent as higher rates offset a decline in the volume of goods it shipped. Full story: Washington...