Railroad
CSX Q3 Profit Up 15% as Railroad Hauls 2% More Freight
CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.
CSX Hires Ex-Ford Executive Joseph Hinrichs as CEO
CSX Corp. named Joseph Hinrichs as its next chief executive officer, handing the reins of the railroad giant to a former top executive with Ford Motor Co.
CSX Reports Q2 Earnings That Beat Expectations
Class I freight railroad CSX Corp. reported strong second-quarter results July 20, bolstered by automotive shipments, but said hiring and retention challenges continue.
CSX Completes Purchase of Pan Am Railways
MECHANICVILLE, N.Y. — CSX Corp. has completed its long-sought purchase of Pan Am Railways.
CSX Turns Away Freight as Railroad Struggles to Fill Jobs
CSX Corp. is turning away freight from customers, ceding cargo business to truckers, as the railroad struggles to hire workers, CEO Jim Foote said.
CSX Reports Strong Q1 Earnings
CSX Corp. reported first-quarter earnings April 20 that beat Wall Street analysts’ expectations.
CSX to Pay Workers More Ahead of Expected Raises
OMAHA, Neb. — CSX has agreed to start paying some of its employees more in advance of raises the railroad expects to agree to as part of ongoing national contract talks.
STB Approves Pan Am Railways Merger With CSX
Pan Am Railways, Maine’s largest rail operator, will merge with Jacksonville, Fla.-based CSX Transportation, the fourth-largest rail transportation company in the U.S.
CSX Earnings in Q4 Beat Wall Street Expectations
CSX Corp. announced fourth-quarter and year-end earnings that beat Wall Street analysts’ expectations after the markets closed Jan. 20.
CSX Purchase of Pan Am Railway Gets Federal Hearing
Massachusetts DOT told federal regulators overseeing the potential purchase of Pan Am Railways by competitor CSX that the state needs CSX to guarantee track access for east-west passenger trains through Springfield.