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CSX sells $1 billion debt in two parts

(Reuters circulated the following story on April 20.) NEW YORK — CSX Corp., the U.S. railroad company, on Friday sold $1 billion of debt in two parts, said a source familiar with the transaction. The sale consisted of $300 million of 5.60 percent 10-year notes, priced...

Two CSX rail cars catch fire in N.Y.

(The following story by Cathy Woodruff appeared on the Albany Times-Union website on April 21.) COLONIE, N.Y. — Two open rail cars carrying automobile scraps destined for recycling caught fire early Friday afternoon in West Albany. By 1:30 p.m. firefighters from the...

CSX keeps taxpayers paying, in dark

(The following story by Lindsay Peterson appeared on The Tampa Tribune website on April 22.) TAMPA, Fla. — Local governments pay CSX Transportation millions to build, fix and maintain the company’s railroad crossings on public roads. Some city and county officials...

CSX says this year will be a strong one

(The following story by Timothy J. Gibbons appeared on The Florida Times-Union website on April 19.) JACKSONVILLE, Fla. — Shares in Jacksonville railroad company CSX Corp. shot up sharply Wednesday following the company’s quarterly earnings report, in which it...

More defects are found in CSX rails in N.Y.

(The following story by Cathy Woodruff appeared on the Albany Times-Union website on April 19.) ALBANY, N.Y. — Ongoing inspections of CSX railroad tracks in upstate New York have uncovered more evidence of defects — including one serious violation of safety standards...

CSX reports solid first quarter earnings

(CSX Corp. issued the following news release on April 17.) JACKSONVILLE, Fla. — CSX Corporation CSX today reported first quarter 2007 earnings of $240 million, or 52 cents per share, including insurance recoveries of $18 million, or 2 cents per share. Last year the...

CSX earnings slip a penny per share in quarter

(The following story by Timothy J. Gibbons appeared on the Florida Times-Union website on April 17.) JACKSONVILLE, Fla. — CSX Corp.’s first quarter earnings were down a penny per share from a year ago, as rising expenses cut into record revenues of $2.4 billion. The...

Planned CSX rail yard could alter Fla.’s economy

(The following story by Billy Townsend appeared on the Tampa Tribune website on April 16.) WINTER HAVEN, Fla. — The state has called it the “mother of all rail yards,” the vital cog in a plan for Orlando commuter rail. CSX Transportation calls it an...

CSX hauling away PCB-tainted soil

(The following story by Leeanne Root appeared on the Oneida Dispatch website on April 15.) ONEIDA, N.Y. — CSX Transportation has 5,217 tons of soil and 3,600 tons of liquid it needs to dispose of as a result of the train derailment in March and it started getting...

Opinion: CSX practices endanger safety along the rail line

(The following column by John F. Collins appeared on the Buffalo News website on April 16. Brother Collins in Chairman of the BLET’s New York State Legislative Board.) BUFFALO, N.Y. — The article by Doug Turner, headlined “Congress Renews Calls for CSX Investigation,”...