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Northeast floods disrupt freight rail service

(Source: Journal of Commerce, September 9, 2011) WASHINGTON, D.C. — The Journal of Commerce is reporting that Tropical Storm Lee spread flooding up the mid-Atlantic region and into the Northeast over the weekend, disrupting freight rail operations in several states....

Hurricane Irene cost CSX $10 million to $15 million

(Source: Reuters, September 7, 2011) NEW YORK — Hurricane Irene’s net hit to CSX Corp’s earnings came to $10 million to $15 million, the railroad’s chief financial officer estimated on Wednesday. Full story: www.reuters.com

CSX updates status of Irene recovery efforts

(Source: CSX press release, August 31, 2011) JACKSONVILLE, Fla. — CSX has substantially cleared its track infrastructure affected by Hurricane Irene. However train service in the Mid-Atlantic and Northeast regions remains slow as recovery efforts continue, commercial...

CSX expands intermodal terminal in Columbus, Ohio

(Source: CSX press release, August 29, 2011) JACKSONVILLE, Fla. — CSX announced today that a $59 million intermodal freight terminal expansion is underway in Columbus, Ohio. This terminal expansion is part of the National Gateway initiative, linking deep water east...

CSX updates status of storm recovery efforts

(Source: CSX press release, August 30, 2011) JACKSONVILLE, Fla. — Significant progress is being made in the restoration of freight rail service on storm-impacted areas of CSX. Employees have been working around the clock to clear debris, inspect infrastructure, make...

CSX updates status of storm recovery efforts

(Source: CSX press release, August 29, 2011) JACKSONVILLE, Fla. — CSX continues to recover from the impact of Hurricane Irene in the Mid-Atlantic and Northeast regions. The company’s freight operations are moving steadily toward full recovery, and commuter train...

CSX spends $1.1M lobbying in 2Q

(Source: Associated Press, August 17, 2011) WASHINGTON, D.C. — CSX spent nearly $1.1 million lobbying the federal government on high-speed rail, rail industry competition, new technology and coal waste-water legislation in the second quarter, according to the...

Bill Gates foundation boosts investment in CSX

(Source: Investor Place, August 18, 2011) ROCKVILLE, Md. — According to the Investor Place website, the Bill & Melinda Gates Foundation recently boosted its stake in CSX by 188 percent to 4.6 million shares. Full story: www.investorplace.com

New NS rail line could spur economic growth in Toledo

(Source: www.FoxToledo.com, August 15, 2011) TOLEDO, Ohio — Norfolk Southern is opening a new rail line into a shipping port in Toledo, Ohio, joining CSX which had been the only rail carrier over the past 50 years. Officials in Toledo hope the additional rail line...

CSX announces record second quarter results

(Source: CSX press release, July 19, 2011) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter net earnings of $506 million, or $0.46 per share, versus $414 million, or $0.36 per share, in the same period last year. This represents a 28 percent...