January 31, 2020 | CSX, Headlines, NS
(Source: Commonwealth Journal, January 30, 2020) SOMSERSET, Ky. — A federal judge has ruled in favor of the Association of American Railroads (AAR) and against local law enforcement, stating that federal law overrules state law when it comes to railroad commerce. As...
January 27, 2020 | CSX, Headlines, NS
(Source: Progressive Railroading, January 24, 2020) The Alabama State Port Authority and AutoMOBILE International Terminal (AIT) earlier this week signed a concession agreement for a $60 million automobile roll on/roll off terminal now under construction at the Port...
January 22, 2020 | CSX, Headlines
(Source: Altoona Mirror, January 22, 2020) ALTOONA, Pa. — Hyndman residents evacuated from their homes 29 months ago due to a derailment of a CSX Transportation Inc. freight train are asking a federal judge to reconsider his December opinion dismissing their class...
January 21, 2020 | CSX, Headlines
(Source: Opinion column at Seeking Alpha, January 20, 2020) NEW YORK — CSX reported Q4 revenue of $22.89 billion and GAAP EPS of $0.99. The company missed on revenue but beat on earnings. The company expects flat to declining revenue in 2020. Full story: Seeking...
January 20, 2020 | CSX, Headlines, Quarterly Income
(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives...
January 17, 2020 | CSX, Headlines, Quarterly Income
(Source: Reuters, January 17, 2020) JACKSONVILLE, Fla. — What follows is an edited transcript of CSX’s earnings conference call or presentation for the fourth quarter of 2019, which took place on Thursday, January 16, 2020. Full story: Yahoo...
January 17, 2020 | CSX, Headlines, Quarterly Income
(Source: CSX press release, January 16, 2020) JACKSONVILLE, Fla. — CSX Corporation (NASDAQ: CSX) today announced fourth quarter 2019 net earnings of $771 million, or $0.99 per share, versus $843 million, or $1.01 per share in the same period last year. CSX’s operating...
January 17, 2020 | CSX, Headlines, Quarterly Income
(Source: Associated Press, January 16, 2020) JACKSONVILLE, Fla. — CSX said its profit declined 9% in the fourth quarter of 2019 as the railroad hauled 7% less freight. The railroad said Thursday it earned $771 million, or 99 cents per share, in the quarter. That’s...
January 14, 2020 | CSX, Headlines
(Source: Lexington Herald-Leader, January 14, 2020) KIMPER, Ky. — For the second time in less than a year, coal miners in Eastern Kentucky have occupied a set of railroad tracks in protest over unpaid wages. The miners, about a dozen employees of Quest Energy, a...
January 14, 2020 | CSX, Headlines
(Source: Pittsburgh Tribune-Review, January 13, 2020) PITTSBURGH, Pa. — An Elizabeth man pleaded guilty to sabotaging railroad signals at multiple locations in Allegheny County, federal prosecutors said Monday. William Curry Brown, 26, admitted to removing and...
