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CSX chief: Fed rate cut should boost US economy

(Reuters circulated the following story by Nick Carey on January 22.) CHICAGO — U.S. Federal Reserve’s three-quarter-of-a-percentage-point rate cut should help provide a needed boost for the U.S. economy, the top executive of U.S. railroad company CSX Corp. said...

CSX soars on strong sales

(The following report by Ruthie Ackerman appeared at Forbes.com on January 22.) NEW YORK — Despite higher fuel prices, railroad operator CSX reported a better than expected 5% rise in fourth-quarter profit on strong sales growth and productivity improvements. CSX...

Baltimore pier work has coal piling up

(The following story by Laura McCandlish appeared on the Baltimore Sun website on January 22.) BALTIMORE, Md. — At Consol Energy’s terminal on the Canton waterfront, coal trains still arrive daily, dumping their load on a mounting stockpile that’s now...

CSX reports double digit earnings growth in 4Q

(CSX issued the following on January 22.) JACKSONVILLE, Fla. — CSX Corporation today reported fourth quarter 2007 net earnings of $365 million, or 86 cents per share, including a penny per share from insurance gains. In the fourth quarter of last year, the company...

CSX profit rises

(Reuters issued the following story by Nick Carey on January 22.) CHICAGO — Railroad CSX Corp. on Tuesday reported a better-than-expected quarterly net profit, citing strong revenue growth and productivity improvements that offset higher fuel prices. Fourth-quarter...

Fire halts 55-car CSX train in Ohio

(The following report appeared on the Toledo Blade website on January 20.) OTTAWA, Ohio — A train traveling through Ottawa on its way to Detroit caught fire late Friday night, authorities said. The three-engine, 55-car train was headed north on the CSX Transportation...

3 more lawsuits filed in CSX derailment

(The following story by Sara Cunningham appeared on the Louisville Courier-Journal website on January 18.) LOUISVILLE, Ky. — Three lawsuits over a fiery train derailment in Bullitt County were filed in federal court in Louisville on Tuesday — almost one year...

Editorial: For a safer highway, get rail

(The following editorial appeared on the Herald Tribune website on January 17.) SARASOTA, Fla. — The deadly pileup on foggy, smoky Interstate 4 last week was a tragic reminder of why Florida needs to invest in developing a rail system linking the state’s major...

Thieves take 1.5 miles of railroad copper

(The following story by Justin George appeared on the St. Petersburg Times website on January 16.) TAMPA, Fla. — Thieves stole a mile and a half of copper wire that train operators use to transmit signals, the Hillsborough County Sheriff’s Office reported...

CSX King’s Yard rail project awaiting acquisitions

(The following story by Andrea Howe appeared on The Daily Clarion website on January 15.) PRINCETON, Ind. — CSX Transportation continues land acqusition necessary to move forward on a proposed train refueling yard parallell to the company’s rail line southwest...