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...
April 17, 2019 | CSX, Headlines, Quarterly Income
(Source: Freight Waves, April 16, 2019) CHATTANOOGA, Tenn. — CSX achieved an operating ratio of less than 60 percent in the first quarter amid continued efforts to employ precision scheduled railroading (PSR) throughout its network. First-quarter net earnings totaled...
April 17, 2019 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter 2019 net earnings of $834 million, or $1.02 per share, versus $695 million, or $0.78 per share in the same period last year (an earnings per share increase...
