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CSX sees record operating ratio in Q2 2019

(Source: Freight Waves, July 16, 2019) CHATTANOOGA, Tenn. — Despite a drop in profit in the second quarter, CSX’s operating ratio set a company record. CSX said its operating ratio was 57.4 percent for the second quarter of 2019, setting a company record for the...

CSX announces Q2 2019 financial results

(Source: CSX press release, July 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter 2019 net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share in the same period last year (an earnings per share increase...

St. Petersburg sues CSX over railroad right of way

(Source: St. Pete Catalyst, July 2, 2019) ST. PETERSBURG, Fla. — The City of St. Petersburg has gone to court against CSX Transportation Inc., challenging the company’s decision to sell part of the railroad right-of-way downtown. The city wants to convert the property...