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...
January 9, 2020 | CSX, Headlines
(Source: Opinion column by Jim Blaze in the International Railway Journal, January 2020 issue, January 8, 2020) NEW YORK — A stagnant North America freight market is set to continue in 2020. However, technological advances and potential growth in intermodal and...
