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$700 million CSX initiative to have impact on Md.

(The following story by Maria Smith appeared on the Cumberland Times-News website on May 28.) CUMBERLAND, Md. — It’s a $700-million venture that while it may not involve construction along the rails through Cumberland, it will have an impact on them. Earlier this...

TCI court battle with CSX to focus on share movements

(The following story by James Quinn appeared on The Telegraph website on May 24.) LONDON — Secretive hedge fund manager Chris Hohn is set for a court showdown with American railway operator CSX today over his Children Investment Fund’s (TCI) bid to install five...

CSX urges shareholders to reject activist slate

(Reuters circulated the following on May 27.) NEW YORK — Railroad CSX Corp. on Tuesday said it sent a letter to shareholders urging them to disregard a proxy card from hedge funds seeking to nominate a slate of directors and to instead re-elect the board. The...

CSX spent nearly $1.1 million lobbying in 1Q

(The Associated Press circulated the following on May 28.) WASHINGTON, D. C. – Railroad operator CSX Corp. spent nearly $1.1 million to lobby on legislation dealing with the industry’s antitrust exemptions and other issues in the first quarter of the year. The...

CSXT adds two low-emission locomotives

(The following appeared in the Jacksonville Journal on May 27.) CSX Transportation Inc. is introducing two ultra-low emission GenSet locomotives at its Rougemere Yard in Dearborn, Mich. GenSet locomotives reduce nitrous oxide and particulate matter emissions by 80...

A rail hater she’s not

(The following story by Jay Hamburg appeared on the Orlando Sentinel website on May 25.) ORLANDO, Fla. — Julie Townsend helped lead a protest against the $650 million Central Florida commuter-rail deal that included CSX’s sale of 61 miles of tracks to the state....

Deadly cargo to roll on

(The following story by David Nitkin appeared on the Baltimore Sun website on May 25.) WASHINGTON, D.C. — Tankers filled with deadly chemicals are likely to continue to roll through Baltimore and other major cities despite new federal rules initially aimed at reducing...

CSX case challenges hedge funds’ scam

(The following story by Zahery Kouwe appeared on the New York Post website on May 26.) NEW YORK — A looming decision in a heated lawsuit brought by railroad giant CSX Corp. could shut down a loophole used by activist hedge funds to hide their stake from the market....

CSX worker crushed by tons of coal in N.C.

(The following appeared on the Fayetteville Observer website on May 26.) LUMBERTON, N.C. — An employee with CSX Railroad was killed Monday when he was crushed by tons of coal. Robeson County Sheriff Kenneth Sealey said an unidentified 46-year-old man was killed just...

Hedge funds deny improper activity in CSX case

(Reuters circulated the following story by Martha Graybow on May 22.) NEW YORK — Testimony concluded on Thursday in a battle between CSX Corp. and two money managers who denied in court that they secretly discussed a joint strategy to acquire stakes in the rail...