October 16, 2015 | CSX, Headlines
(Source: Bloomberg, October 14, 2015) NEW YORK — Motorists’ wait time at U.S. rail crossings may double as CSX Corp. hooks trains together to boost efficiency amid plunging demand for coal shipments. Bulk cargo is the latest focus in CSX’s effort to improve...
October 16, 2015 | CSX, Headlines
(Source: CSX press release, October 15, 2015) JACKSONVILLE, Fla. — As CSX works to match its resources to a changing business environment, the company today announced the reduction of train operations at Erwin, Tennessee. The decision, the result of significantly...
October 16, 2015 | CSX, Headlines
(Source: Johnson City Press, October 15, 2015) ERWIN, Tenn. — The last coal train to leave Erwin rolled slowly out of town just after at 3 p.m. Thursday, less than eight hours after CSX Transportation employees heard the news that rocked all of Unicoi County. Full...
October 15, 2015 | CSX, Headlines
(Source: Reuters, October 14, 2015) NEW YORK — CSX Corp, the No. 3 U.S. railroad, will focus on productivity and raising prices over the coming year as coal freight volumes are likely to decline further in an uncertain economy, its CEO said on Wednesday. Full story:...
October 14, 2015 | CSX, Headlines, Quarterly Income
(Source: Associated Press, October 13, 2015) OMAHA, Neb. — Tight cost controls helped CSX Corp. deliver relatively flat third-quarter profit even though the railroad hauled 3 percent less freight and continued facing weak coal demand. The Jacksonville, Florida-based...
October 14, 2015 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 13, 2015) JACKSONVILLE, Fla. — CSX Corporation today announced net earnings of $507 million for the third quarter of 2015, versus $509 million for the same period in 2014, which translates to a third quarter record $0.52 per share,...
October 12, 2015 | CSX, Headlines, Oil Train
(Source: The Daily Times, October 11, 2015) KNOXVILLE, Tenn. — Three federal lawsuits filed against CSX Transportation Inc. over a train derailment and chemical fire in Maryville can be joined into a single case, though CSX is still trying to get the litigation thrown...
October 9, 2015 | CSX, Headlines
(Source: CSX press release, October 8, 2015) JACKSONVILLE, Fla. — On October 7, the Board of Directors of CSX Corporation approved an $0.18 per share quarterly dividend on the company’s common stock. The dividend is payable on December 15, 2015, to shareholders...
October 8, 2015 | CSX, Headlines
(Source: Progressive Railroading, October 7, 2015) CSX Corp. has begun construction work on its Pittsburgh Intermodal Rail Terminal, a $60 million investment aimed at providing western Pennsylvania shippers direct intermodal freight access, the Class I announced...
October 6, 2015 | CSX, Headlines, NS
(Source: Post and Courier, October 5, 2015) CHARLESTON, S.C. — The Charleston region’s two major rail carriers, Norfolk Southern and CSX, suffered track damage from the weekend floods, triggering temporary service outages. Full story: Post and...
