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CSX raises 2008 profit forecast

(Bloomberg News circulated the following story by Angela Greiling Keane on September 11.) NEW YORK — CSX Corp., the third-largest U.S. railroad, raised its 2008 earnings forecast on a “positive outlook” for the industry, sending the shares up by the most...

CSX says woman has filed two asbestos suits against company

(The following story by Kelly Holleran appeared on the West Virginia Record website on September 10.) CHARLESTON, W.Va. — CSX has filed a federal suit against a Kentucky woman, alleging she has filed a second asbestos lawsuit against the company. CSX Transportation...

CSX raises 2008 profit forecast

(Reuters circulated the following on September 11.) NEW YORK — Railroad CSX. raised its 2008 profit forecast on Thursday, citing strong industry momentum, and said long-term earnings growth would be higher than previously expected, sending its shares up nearly 5...

W.Va. city demolishing historic train depot

(The Associated Press circulated the following on September 8.) RAINELLE, W.Va. — Rainelle officials say the city had no choice but to tear down a historic train depot. City recorder Pete Adams says that while the city owned the building, it didn’t own the...

Railroads to crack down on scrap metal thefts

(The following story by Linda N. Weller appeared on The Alsto Telegraph website on September 6.) ALTON, Ill. — A multi-railroad task force organized last month will visit area scrap yards this week searching for stolen property in a continuing effort to stem the...

Train traffic to be re-routed after Gustav damages tracks

(The following story by Cosby Woodruff appeared on the Montgomery Advertiser website on September 4.) MONTGOMERY, Ala. — CSX Transportation reported it will re-route some of its train traffic through Alabama because of track damage from Hurricane Gustav. The company...

CSX cites some damage to tracks from Gustav

(The Associated Press circulated the following on September 3.) JACKSONVILLE, Fla. — Railroad operator CSX says it is rerouting some traffic due to damage to some of its tracks from Hurricane Gustav. The company said Wednesday that it has completed its initial...

Engineer in freight car crash takes Fifth

(This article by Noah Bierman appeared in the Boston Globe on September 3) BOSTON, MA – A train engineer facing scrutiny for his role in a runaway freight car crash has refused to answer key questions under oath in a civil case, citing his right against...