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Rail tax relief dies in budget, CSX ready to sue

ALBANY, N.Y. — CSX Corp. plans to pursue a federal lawsuit challenging the way its railroad property is assessed in New York state after the Legislature derailed a plan for tax relief in the state budget, reports the Albany Times-Union. The railroad company will...

Few answers found in Auto Train probe

JACKSONVILLE, Fla. — The federal agency investigating last month’s Amtrak derailment in Crescent City said yesterday it is studying three possible causes of the accident that killed four people, the Florida Times-Union reports. The National Transportation...

CSX work may have weakened tracks

ORLANDO — According to the Orlanda Sentinel, ballast — the chunks of crushed stone holding the company’s track in place — kept slipping away no matter how much work the railroad did on the short section of track just south of Crescent City. And...

CSX rails in question after Auto Train crash

JACKSONVILLE, Fla. — Faulty track maintenance by Jacksonville’s CSX Transportation may have left loose rails where an Amtrak Auto Train derailed last month in Crescent City, killing four people, the Florida Times-Union reported. Yesterday, however, a...

CSXT runaway train labeled a fluke

TOLEDO, Ohio — In the year since a runaway freight train barreled through Ohio on a 66-mile journey past barns and back yards, investigators have come to a conclusion that it was simply a “freak thing,” a wire service reported. Federal and state...

Settlement in Md. train killing

BLOOMINGTON, Md. — CSX Transportation has agreed to pay $4.7 million to the family of a 15-year-old boy who was killed by a freight train as he slept on his living room couch, according to a wire service. The 80-car CSX coal train jumped the tracks at close to...

Dangerous train vandalism caught on tape

SOMERTON, Pa. — Authorities have uncovered trouble on the tracks in the Somerton section of Philadelphia, and now they have graphic evidence of extremely dangerous foul play, according to television station WPVI in Philadelphia. They are illegal actions...

CSX profits up; revenue shows drop

JACKSONVILLE, Fla. — Profits increased during the first three months of the year at the parent company of Jacksonville’s CSX Transportation despite a drop in revenue, the Florida Times-Union reported. CSX Corp. said its first-quarter earnings reached $25...

CSX tracks in good standing for now

JACKSONVILLE — According to the Florida Times-Union, CSX Transportation has made great strides in improving its track safety over the past two years, an official with a federal agency overseeing the nation’s railroads said yesterday, and last week’s...

CSX posts 25% increase in profit

RICHMOND, Va. — CSX Corp.’s profit surged 25% in the first quarter, as the railroad coped with economic weakness by cutting costs and increasing margins, the Wall Street Journal reported. The company, which operates a rail network in the eastern part of...