April 29, 2019 | CSX, Headlines
(Source: Altoona Mirror, April 27, 2019) ALTOONA, Pa. — CSX railroad has answered a lawsuit filed against it last week, admitting that there was an air leak in the brake system of one railcar in a train that derailed in Hyndman Borough in 2017, but denying and...
April 25, 2019 | CSX, Headlines
(Source: Rocky Mount Telegram, April 25, 2019) ROCKY MOUNT, N.C. — With the turning of dirt Wednesday afternoon at N.C. Wesleyan College, Gov. Roy Cooper and fellow officials ceremonially began construction of the future CSX intermodal rail facility along U.S. 301....
April 24, 2019 | CSX, Headlines, Oil Train
(Source: News & Advance, April 23, 2019) 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 23, 2019 | CSX, Headlines
(Source: Tribune-Democrat, April 23, 2019) JOHNSTOWN, Pa. — Several residents of Hyndman were injured when a CSX Transportation train carrying propane and molten sulfur derailed and caught fire in the small Bedford County borough in 2017, according to lawsuits those...
April 23, 2019 | CEO Pay, CSX, Headlines
(Source: Finance Daily, April 22, 2019) NEW YORK — CSX Co. VP Angela C. Williams sold 9,560 shares of the business’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the...
April 23, 2019 | CSX, Headlines
(Source: Freight Waves, April 22, 2019) CHATTANOOGA, Tenn. — Here is this week’s strategic rail freight market view question for Freight Waves readers. Is rail freight growing in the U.S. market; or is it declining? The answer is complex. Economists can measure growth...
April 22, 2019 | CSX, Headlines
(Source: Altoona Mirror, April 19, 2019) ALTOONA, Pa. — A third lawsuit stemming from the derailment of a CSX Transportation freight train in Hyndman Borough 32 months ago was filed Wednesday in U.S. District Court in Johnstown by a man who was forced from his home of...
April 22, 2019 | CSX, Headlines
(Source: Freight Waves column by Jim Blaze, April 16, 2019) CHATTANOOGA, Tenn. — Precision scheduled railroading (PSR) promised scheduled rail freight operations resulting in more than a financial gain for a railroad and its investors. The business theory is that...
April 17, 2019 | CSX, Headlines
(Source: Altoona Mirror, April 17, 2019) ALTOONA, Pa. — A lawsuit brought in the Bedford County Court of Common pleas by a Hyndman family, claiming damages for injuries suffered during a 2017 train derailment, has been moved by the CSX railroad to the U.S. District...
April 17, 2019 | CSX, Headlines, Quarterly Income
(Source: Reuters, April 16, 2019) LOS ANGELES — CSX Corp. on Tuesday reported a quarterly profit that topped Wall Street’s target, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer...
