January 18, 2016 | CSX, Headlines
(Source: Tampa Bay Business Journal, January 15, 2016) TAMPA, Fla. — Fifty van drivers for Professional Transportation Inc. will be permanently laid off at the company’s Williams Road branch in Tampa on March 15, according to a layoff notice filed with the state. Full...
January 18, 2016 | CSX, Headlines
(Source: News & Observer, January 17, 2016) RALEIGH, N.C. — Last week, CSX announced Johnston County as the home of its second regional container hub. Positioned between Selma and Micro, just west of Interstate 95, the 450-acre intermodal terminal will use large...
January 15, 2016 | CSX, Headlines
(Source: CSX press release, January 14, 2016) SELMA, N.C. — CSX today announced plans to develop a major freight rail infrastructure project in Johnston County that will spur economic development in the region and help position eastern North Carolina as a major...
January 15, 2016 | CSX, Headlines
(Source: Associated Press, January 13, 2016) OMAHA, Neb. — CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports. Full story: Longview News-Journal
January 15, 2016 | BNSF, CSX, Headlines
(Source: Reuters, January 14, 2016) NEW YORK — A potential merger of Canadian Pacific Railway Ltd and Norfolk Southern would make it hard for No. 3 U.S. railroad CSX Corp to survive alone and ratchet up pressure for more industry consolidation, the chairman of No. 2...
January 14, 2016 | CSX, Headlines
(Source: Railway Track & Structures, January 13, 2016) NEW YORK — CSX is aiming for a $2.4 billion capital expenditure program in 2016, which reflects a $1 million reduction over 2015 numbers. Full story: Railway Track & Structures
January 14, 2016 | CSX, Headlines, Quarterly Income
(Source: CSX press release, January 12, 2016) JACKSONVILLE, Fla. — On January 12, CSX Corporation announced fourth quarter net earnings of $466 million, a 5 percent decline from $491 million in the same period of 2014, or $0.48 per share, down 2 percent from $0.49 in...
January 14, 2016 | CSX, Headlines
(Source: Associated Press, January 13, 2016) OMAHA, Neb. — The head of CSX said Wednesday he doesn’t think railroad mergers — like the one Canadian Pacific has proposed with Norfolk Southern — are a good idea. Full story: Florida...
January 14, 2016 | CSX, Headlines
(Source: Bloomberg, January 13, 2016) NEW YORK — CSX Corp. fell to its lowest price in almost three years as demand for rail cargo is expected to drop this year in what Chief Executive Officer Mike Ward called a “freight recession.” Full story:...
January 8, 2016 | CSX, Headlines
(Source: CSX press release, January 7, 2015) JACKSONVILLE, Fla. — In 2015, CSX worked with its customers to locate 107 new plants or expanded facilities on the company’s rail network or its connecting short line partners. These new projects comprise $2.2 billion in...
