Railroad
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.
Expansion Underway for Baltimore’s Howard Street Tunnel
Federal officials, Maryland Gov. Larry Hogan and a host of other stakeholders said expansion of the 126-year-old, 1.7-mile Howard Street Tunnel in Baltimore is long overdue.
New Inland Port Opens in North Carolina
As the nation’s major seaports experience more congestion, another inland port facility will help to move freight along the Eastern Seaboard. The Carolina Connector, near Rocky Mount, N.C., is where shipping containers are transferred between trucks and trains.
November 19, 2021CSX’s Q3 Earnings Beat Street Expectations
CSX Corp. announced third-quarter earnings that beat Wall Street analysts’ expectations. The Class I railroad's net income rose 32% to $968 million compared with $736 million in 2020.
CSX Beats Expectations With Q2 Freight Surge
Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations.
CSX Renews Bid for Approval to Add 1,200 Miles of New England Rail Lines
Railroad giant CSX Corp. has struck a new deal to help settle rival Norfolk Southern Railway’s objections to its delayed plan to take over almost 1,200 miles of New England railways.
CSX Plan to Buy Pan Am Railways Rejected
SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.
CSX to Acquire Quality Carriers
Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.
CSX Reports Mixed Q1
CSX Corp. reported lower first-quarter income and revenue compared with 2020, officials for the Class I railroad said April 20.
CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic
CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21.