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CSX pays nearly $350,000 in safety fines

(The following appeared at CNN.com on January 3.) WASHINGTON, D.C. — The federal government has imposed $349,265 in civil penalties on CSX Corp. (CSX) for violating a number of federal rail-safety regulations. The amount was reached in a settlement conference on 141...

‘Railroad’ gets $480K tax break

(The following story by Allan Appel appeared on the New Haven Independent website on January 3.) NEW HAVEN, Conn. — “It sucks,” said Jorge Perez. Arlene DePino said she was uncomfortable, and recused herself. The two aldermen sit on the city’s Litigation Settlement...

Railroad executives had hand in Fla. funding plan

(The following story by Lindsay Peterson appeared on The Tampa Tribune website on December 29.) TAMPA, Fla. — A railroad company owner led the agency in charge of overseeing the state Department of Transportation when DOT proposed giving rail companies hundreds of...

Engineer says railroad span over N.Y. town road could fail

(The following story by Bob Green appeared on The Independent website on December 27.) STUYVESANT, N.Y. — While the state released a report this week affirming the safety of many major highway bridges around the state, a local engineer has called for the closure of...

Teaneck renews CSX fight

(The following story by Joseph Ax appeared on The Record website on December 27.) TEANECK, N.J. — Mayor Elie Katz, township officials and residents will meet today with state Sen. Loretta Weinberg, D-Teaneck, to discuss how to pressure a railroad to limit noise and...

CSX deal draws wrath of lawmakers

(The following report appeared on the Tampa Tribune website on December 25.) TAMPA — In 2007, several Florida lawmakers lambasted a $491 million state deal with CSX Transportation to buy track for commuter rail in the Orlando area and expand CSX’s freight...

Will Indiana miss rail’s renaissance?

(The following story by Jeff Swiatek appeared on the Indianapolis Star website on December 21.) INDIANAPOLIS, Ind. — Railroads, once written off as outdated and slow, have become the latest drivers of economic growth, with Indiana among the states courting a greater...

TCI, 3G form group owning 8.3% of CSX shares

(TCI and 3G issued the following on December 21.) NEW YORK — The Children’s Investment Fund Management (UK) LLP (“TCI”) and 3G Capital Partners, LTD. (“3G”) today filed a Schedule 13D with the Securities and Exchange Commission disclosing that they and several...

Investors to nominate CSX board members

(The Associated Press circulated the following on December 21.) NEW YORK — CSX Corp. shareholders 3G Capital Partners Ltd. and The Children’s Investment Fund Management LLP said Wednesday they have partnered to jointly nominate a minority slate of 5 directors to...

Outlook ’08: Off the rails

(The following report by Lee Brodie appeared at CNBC.com on December 20.) NEW YORK — Does the rollover in rail stocks signal a recession is looming? Find out from CSX Chief Michael Ward. What are you seeing as a trend? “We’re seeing in Q4 that revenues are up but...