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Higher oil prices could drive rail traffic

(Source: MSN, January 10, 2012) NEW YORK — Iran’s threat to block the Strait of Hormuz, through which almost 35% of the world’s seaborne oil shipments travel, could lead to a sharp increase in oil prices worldwide. This alone has kept oil prices above $100...

Customers locate on CSX in 17 states in 2011

(Source: CSX press release, January 5, 2012) JACKSONVILLE, Fla. — Customers across manufacturing, consumer goods, energy and other markets committed to 124 new or expanded facilities on CSX and its short line railroad partners in 2011, driving job growth and other...

CSXT opens Louisville intermodal terminal

(Source: Progressive Railroading, January 3, 2012) Yesterday, CSX Transportation began operating a new intermodal terminal in Louisville, Ky. The facility will offer international service to and from East Coast ports — including those in Charleston, S.C., New York and...