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CSX announces 2004 retirement of Chief Commercial Officer

(CSX issued the following news release on November 5.) JACKSONVILLE, Fla. — Michael J. Ward, CSX Corporation chairman, president and chief executive officer and CSX Transportation (CSXT) president, announced today P. Michael Giftos, executive vice president and...

Train derailment sends freight car into parking lot

(The Journal-News posted the following article on its website on November 5.) HAMILTON, Ohio — Three cars in a CSX freight train derailed in Hamilton early Tuesday, sending a rail car sliding into the parking lot of a business in the 600 block of Walnut Street,...

CSX upgraded to “buy”

(The following report appeared at NewRatings.com on November 3.) NEW YORK — Analyst Rick Paterson of UBS upgrades CSX Corporation (CSX) from “neutral” to “buy.” The target price has been raised from $34 to $38. In a research note...

Derailed train blocks roads

(The following story appeared on the Cincinnati Post website on November 4.) CINCINNATI, Ohio — Three freight cars derailed from a southbound CSX train in downtown Hamilton at 12:20 a.m. today. One of the three cars overturned and slid into the parking lot of...

$12 million awarded in CSX crossing death

(The following story by Rick Brundrett appeared on The State?s website on November 1.) COLUMBIA, S.C. — A jury has awarded $12 million to the estate of a Swansea town employee killed in 2001 when a CSX track maintenance machine hit his truck at a town railroad...

CSX bills Fla. city, county for maintaining rail crossings

(The following story by Mark J. Crawford appeared on the Bradford County Telegraph’s website on October 30.) STARKE, Fla. — The city of Starke was caught off guard this month by a bill from CSX in the amount of $43,000. Bradford County also received a...

CSX increases reserve for asbestos

(The Associated Press distributed the following article on October 28.) WASHINGTON — CSX Corp. , operator of the largest rail system in the eastern United States, said Tuesday it increased its reserve for asbestos and other claims by $206 million. The increase...

Bush to name CSX Exec Treasury’s counsel

(The Associated Press distributed the following article on October 27.) WASHINGTON — President Bush said Monday he intends to nominate a CSX Corp. executive to be general counsel of the Treasury Department. Arnold Havens currently is senior vice president for...