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Rahall concerned about future of CSX

(The following story by Fred Pace appeared on the Register-Herald website on March 11.) HUNTINGTON, W.Va. — When it comes to the transportation systems in the U.S., ownership of only 4 percent of the shares of a railroad company can still cause deep concern in...

Resort with a cold war secret

(The following story by Tom Uhlenbrock appeared on the St. Louis Post-Dispatch website on March 8.) WHITE SULPHUR SPRINGS, W.Va. — Twenty-six U.S. presidents have visited this mountainous area, which began as a frontier village built around the “healing”...

‘Locusts’ visit Capitol Hill

(The following story by Christopher Faille appeared at BlackEnterprise.com on March 7.) WASHINGTON, D.C. — It has been almost three years now since Germany’s former Labour Minister, Franz Mntefering referred to foreign financial institutions in general, hedge...

Barges hit Ohio River bridges

(The Associated Press circulated the following on March 5.) PARKERSBURG, W.Va. — A highway bridge and a CSX railroad bridge spanning the Ohio River in Parkersburg are closed for inspections after being struck by barges that broke free from a towboat this afternoon. No...

A CSX defender’s railroad ties

(The following appeared on the New York Times website on March 6.) NEW YORK — When it comes to the rail system, it seems to be politics as usual. Rep. Corrine Brown, a Democrat from Florida, is trying to prevent London-based hedge fund The Children’s Investment Fund...

Hedge fund tells Congress it won’t undercut rail safety

(Dow Jones Newswires circulated the following story by Martin Vaughan on March 5.) WASHINGTON, D.C. —The Children’s Investment Fund, the activist hedge fund that is seeking to shake up the management structure at CSX Corp. (CSX), defended its campaign before a...

Growth of new CSX terminal is on track

(The following story by Jim Hook appeared at Chambersburg Public Opinion website on March 4.) CHAMBERSBURG, Pa. — The CSX intermodal terminal at Chambersburg seems more like a truck parking lot than the precursor to a $1 billion boost to the regional economy. The $46...

CSX track work starts Sunday in Boston area

(The following story by Noah Bierman appeared on the Boston Globe website on March 5.) BOSTON — The tardiest commuter rail line in Massachusetts will experience another round of delays beginning Sunday, as CSX Transportation begins work on replacing rails on the...

CSX, hedge fund to square off in hearing

(The Associated Press circulated the following story by Dan Caterinicchia on March 4.) WASHINGTON, D.C. — The CEO of CSX Corp. and a partner from the hedge fund seeking major changes in the railroad company’s management structure will share a witness table...