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CSX pitching new service to shippers in New York region

(The following story by Matt Glynn appeared on the Buffalo News website on September 24, 2009.) BUFFALO, N.Y. — CSX hopes to make a Lackawanna rail yard a magnet for shipments that arrive at two East Coast ports and are bound for Canada. The railroad has debuted...

CSX prepares for a railroad rebound

(The following story by Robert Wright appeared on the Financial Times website on September 20, 2009.) The US railway that spent 18 months fighting a hedge fund demanding it cut investment is spending $1.6bn this year to prepare for a post-recession rebound, said its...

Transportation board supports freight rail improvements

(The following story by Sholnn Freeman appeared on the Washington Post website on September 16, 2009.) WASHINGTON, D.C. — A regional transportation board voted Wednesday to support a rail company initiative to significantly expand freight capacity in the busy...

CSX Intermodal builds in Ohio Valley

(The following story by Bill Mongelluzzo appeared on The Journal of Commerce website on September 16, 2009.) WASHINGTON, D.C. — Distribution centers and manufacturing plants in the Ohio Valley will soon have two new intermodal options for moving their cargo to and...

Ahead of the Bell: CSX stock downgraded

(The Associated Press circulated the following on September 15, 2009.) NEW YORK — Stifel Nicolaus downgraded CSX Corp. on Tuesday, saying the railroad’s volume recovery will be slow amid an environment of lower consumer spending. Moreover, quarter-over-quarter...

No fine expected after CSX rail yard fuel spill

(The following story by Brian Nearing appeared on the Albany Times Union website on September 15, 2009.) BETHLEHEM — The cleanup of a diesel fuel spill after an accident at the CSX rail yard could take months, according to the state Department of Environmental...