June 2, 2020 | CSX, Headlines, NS
(Source: Progressive Railroading, June 1, 2020) The Georgia Ports Authority (GPA) last week put into operation the first nine of 18 new working tracks as part of the authority’s Mason Mega Rail project. Full story: Progressive Railroading
May 7, 2020 | CSX, Headlines
(Source: Jacksonville Daily Record, May 6, 2020) JACKSONVILLE, Fla. — The COVID-19 pandemic is creating challenges for every business, but Jacksonville-based railroad company CSX Corp. is in a good position to weather the storm, CEO Jim Foote told shareholders in a...
May 1, 2020 | CSX, Headlines, Oil Train
(Source: News & Advance, April 30, 2020) LYNCHBURG, Va. — It was April 30, 2014 when 17 cars of a CSX oil train derailed near Ninth and Jefferson streets in downtown Lynchburg, sending three cars into the James River. A massive fire followed, and officials...
April 24, 2020 | CSX, Headlines
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — CSX is seeking areas where it can cut even more costs as a way to counter the anticipated downturn in rail volumes in the second quarter due to the COVID-19 pandemic, according to executives speaking during...
April 23, 2020 | CSX, Headlines, Quarterly Income
(Source: Reuters, April 22, 2020) LOS ANGELES — U.S. railroad operator CSX Corp. on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic weigh on the U.S. economy. First-quarter...
April 23, 2020 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 22, 2020) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2020 net earnings of $770 million, or $1.00 per share, versus $834 million, or $1.02 per share in the same period last year. CSX’s operating ratio set a Class I...
April 9, 2020 | CSX, Headlines, NTSB
(Source: Progressive Railroading, April 8, 2020) A CSX train derailment and subsequent bridge collapse in May 2018 in Virginia was caused by a subgrade fill failure of the track structure that displaced ballast, resulting in a cross-level deviation of the track...
April 8, 2020 | CSX, Headlines, STB
(Source: Progressive Railroading, April 7, 2020) The U.S. Surface Transportation Board (STB) yesterday authorized CN subsidiary Bessemer and Lake Erie Railroad Co.’s (B&LE) acquisition and operation of the Massena rail lines from CSX. Full story:...
April 6, 2020 | CSX, Headlines
(Source: News 4 Jax, April 4, 2020) JACKSONVILLE, Fla. — A contingent worker for CSX in Jacksonville has tested positive for novel coronavirus, a CSX spokesman confirmed Saturday. Another 12 employees employed by the Jacksonville-based freight transportation company...
April 1, 2020 | CSX, Headlines, UP
(Source: Freight Waves, April 1, 2020) CHATTANOOGA, Tenn. — Union Pacific and CSX said the coronavirus pandemic is creating huge uncertainties that could translate into “material” financial impacts on the companies’ financial results, according to filings with the...
