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CSX boss warns on US rail legislation

(The following story by Robert Wright appeared on the Financial Times website on January 21, 2010.) LONDON — Investment in US freight railways will fall if proposed federal rail legislation is passed in its present form, the chief executive of the sector’s...

CSX CEO sees economy improving, coal demand weak

(The Associated Press circulated the following story by Samantha Bomkamp on January 20, 2010.) NEW YORK — The CEO of CSX, the nation’s third-largest railroad, predicts a slow economic recovery this year, while warning that weak coal demand could undermine his...

CSX executives see ‘better overall conditions’ in 2010

(Dow Jones Newswires circulated the following story by Bob Sechler on January 20, 2010.) NEW YORK — CSX Corp. (CSX) executives forecast “better overall conditions” in 2010 and said they expect volume growth in most of the railroad’s shipping markets...

U.S. railroad shares fall after CSX results

(Reuters circulated the following on January 20, 2010.) NEW YORK— Shares of U.S. railroads fell in early trading on Wednesday, after CSX Corp (CSX.N), the No. 3 freight railroad, said price increases were slowing and predicted shipments of coal to U.S. utilities would...

CSX announces fourth quarter and full-year 2009 earnings

(CSX issued the following on January 19, 2010.) JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) today announced fourth quarter earnings from continuing operations of $305 million, or 77 cents a share, versus $361 million, or 92 cents a share, in the same period last...

CSX 4Q earnings rise, but shipping volume falls

(The Associated Press circulated the following story by Samantha Bomkamp on January 19, 2010.) NEW YORK — CSX Corp., the nation’s third-largest railroad, said Tuesday the economy improved modestly in the fourth-quarter, but its shipping volume dropped from a...

Union Pacific gains steam with shipping record

(The following story by Natasha Gural appeared at Forbes.com on January 15, 2010.) NEW YORK — Union Pacific Railroad Corp., the second-largest railroad by revenue, chugged through the recession and set a new record for intermodal shipments in 2009. Intermodal is...

CSX matches worker Haiti-relief donations

(The following story by John D. Boyd appeared on The Journal of Commerce website on January 14, 2010.) WASHINGTON, D.C. — Eastern-U.S. rail giant CSX Transportation is telling employees it will match dollar for dollar any donations they make to the American Red Cross...

Indianapolis-area rail yard bridge on track

(The following story by Josh Duke appeared on the Indianapolis Star website on January 7, 2010.) INDIANAPOLIS, Ind. — Hendricks County residents soon will see the most expensive portion of the Ronald Reagan Parkway to date taking shape in Avon. The parkway’s...