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How St. Louis relies on a Port of Virginia rail connection

(Source: Railway Age, May 26, 2021) NEW YORK — The St. Louis region relies heavily on its Norfolk Southern- and CSX-served rail connection with the Port of Virginia, hundreds of miles away on the East Coast, to maintain its position “as one of the premier multimodal...

CSX buys chemical trucking business

(Source: Associated Press, May 12, 2021) JACKSONVILLE, Fla. — CSX railroad is buying a trucking company that specializes in hauling liquid chemicals. The Jacksonville, Florida-based railroad said Wednesday that it had agreed to buy Quality Carriers Inc. to help it...

CSX Director Hilal sells $50 million in company stock

(Source: Market Beat, May 3, 2021) NEW YORK — CSX Co. Director Paul C. Hilal sold 500,000 shares of the firm’s stock in a transaction dated Friday, April 30. The shares were sold at an average price of $100.40, for a total transaction of $50,200,000.00....

Ohio Supreme Court hears case on crossings blocked by CSX

(Source: Television station WBNS, April 28, 2021) MARYSVILLE, Ohio — Union County homeowners west of Marysville say they’re tired of seeing trains sit idle at intersections, sometimes for longer than an hour, preventing them from getting to where they need to be. Full...

After years of cuts, CSX says it is adding train staff

(Source: Jacksonville Daily Record, April 21, 2021) JACKSONVILLE, Fla. — CSX Corp. reported lower first-quarter earnings and revenue April 20 as harsh winter weather affected the railroad’s rebound from the COVID-19 pandemic. However, the Jacksonville-based company is...

CSX announces Q1 2021 financial results

(Source: CSX press release, April 20, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2021 net earnings of $706 million, or $0.93 per share, compared to $770 million, or $1.00 per share in the same period last year. “I am extremely proud of how our...