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CSX orders cut in speed on hot days

WASHINGTON, D.C. — CSX Transportation, which owns the track where an Amtrak train derailed and plowed down an embankment Monday, is imposing new passenger train speed limits on hot days, as federal investigators question whether heat and recent maintenance...

Profit climbs sharply at U.S. railroad CSX

RICHMOND, Va. — A wire service reports that CSX Corp., operator of the biggest rail network in the eastern United States, on Thursday said second-quarter profit rose sharply, boosted by cheap fuel, cost-cutting and an improving economy. The Richmond,...

CSX reports higher second-quarter earnings

RICHMOND, Va. — Led by strong rail and intermodal earnings, CSX Corporation today reported second-quarter net income of $135 million or 63 cents per share, up 24% from $108 million or 51 cents a year ago. Total revenues were $2.07 billion versus $2.06 billion....

CSX tunnel fire left few scars, many questions

BALTIMORE — A new track running through Baltimore’s century-old Howard Street tunnel is about the only sign left that one year ago today a CSX train carrying hazardous chemicals derailed, ruptured and fueled an inferno that taxed firefighters for days,...

Analyst ups CSX rating to ‘buy’

NEW YORK — A wire service reports that UBS Warburg said on Wednesday it raised its rating of CSX Corp (NYSE:CSX – News) to “buy” from “hold,” citing the U.S. railway operator’s weak share price and potential to improve...

Georgia town a hot spot for watching the rails

FOLKSTON, Ga. — Five trains crossing the same road in less than 15 minutes could test the patience of most people, but not Barry Cone. He wants more, according to the Florida Times-Union. Cone traveled from his hometown of Torrington, Conn., last week...

CSX names Thordahl Resident Vice President

JACKSONVILLE, Fla. — Jeffrey Niels Thordahl has been named CSX resident vice president-state relations for South Carolina, announced Arnie Havens, senior vice president-government affairs. Thordahl succeeds Daniel S. Green, who recently was named president of...

CSX office relocation not likely to raise profile

JACKSONVILLE, Fla. — If CSX Transportation’s parent company relocates its headquarters to Jacksonville as railroad industry analysts have predicted, the move would be largely uneventful, city and industry observers said. Parent CSX Corp. Inc. is already...

CSX promotes Gooden and Blumenfeld to key posts

JACKSONVILLE, Fla. — CSX Corporation announced executive changes at CSX Intermodal and CSX Transportation. Clarence W. Gooden has been named CSX Transportation’s (CSXT) senior vice president-merchandise service group, and Alan P. Blumenfeld has been named...