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Freight railroad CSX says 3Q profit, revenue rise

(Source: Associated Press, October 18, 2011) JACKSONVILLE, Fla. — Higher shipping rates on everything from coal to cars boosted the third-quarter profit of freight railroad CSX Corp. CSX reported a 12 percent increase in net income to $464 million, or 43 cents per...

Amtrak leasing N.Y. track corridor from CSX

(Source: Albany Times Union, October 18, 2011) RENSSELAER, N.Y. — In what’s being called an “historic” agreement, Amtrak plans to lease 100 miles of track and right-of-way between Poughkeepsie and Schenectady from CSX Corp., essentially taking...

Amtrak leasing N.Y. track corridor from CSX

(Source: Albany Times Union, October 18, 2011) RENSSELAER, N.Y. — In what’s being called an “historic” agreement, Amtrak plans to lease 100 miles of track and right-of-way between Poughkeepsie and Schenectady from CSX Corp., essentially taking...

CSX freight yard expansion in Worcester on track

(Source: Worcester Telegram, October 16, 2011) WORCESTER, Mass. — CSX is moving its operations out of the Allston area of Boston, with much of that freight business coming to Worcester. The Worcester yard is being expanded from 58 to 79 acres. CSX says the Worcester...

CSX freight yard expansion in Worcester on track

(Source: Worcester Telegram, October 16, 2011) WORCESTER, Mass. — CSX is moving its operations out of the Allston area of Boston, with much of that freight business coming to Worcester. The Worcester yard is being expanded from 58 to 79 acres. CSX says the Worcester...

CSX muscles in on Norfolk Southern’s cargo business

(Source: Virginian-Pilot, October 17, 2011) NORFOLK, Va. — For decades, Norfolk Southern Corp. has controlled all but a tiny sliver of the containerized cargo moving to and from the port of Hampton Roads by rail. That’s about to change. CSX Corp., the...

CSX muscles in on Norfolk Southern’s cargo business

(Source: Virginian-Pilot, October 17, 2011) NORFOLK, Va. — For decades, Norfolk Southern Corp. has controlled all but a tiny sliver of the containerized cargo moving to and from the port of Hampton Roads by rail. That’s about to change. CSX Corp., the...

Virginia ports expand market reach via rail

(Source: Journal of Commerce, October 13, 2011) WASHINGTON, D.C. — The Virginia Port Authority is expanding its market for discretionary container shipments into the Southeast and the Midwest through two new rail services through NS and CSX. Full story:...