Railroad
CSX Agrees to Buy New England’s Pan Am Railways
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
CSX Reports Lower Q3 Net Income, Revenue
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
CSX Earnings Slump in Q2 Amid COVID-19 Pandemic
CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.
CSX Reports Declines in First-Quarter Earnings, Revenue
CSX Corp. on April 22 announced a first-quarter earnings drop of 8% to $770 million, or $1 per share, compared with $834 million, or $1.02, in the same quarter of 2019.
Proposed Cargo Hub for N.Y. Town Faces More Delays
The Manlius town planning board this week urged “great caution” as town officials consider how a proposed rail-and-truck cargo hub near the CSX rail yard would affect traffic on Fremont and Kirkville roads.
CSX Sets Operating Ratio Record in Q3 Results
CSX Corp. on Oct. 17 announced third-quarter profit of $856 million compared with $894 million in the same quarter of 2018, but beat Wall Street expectations and in the process set a record for operating ratio for a U.S. railroad.
October 17, 2019CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves
Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.
CSX Reports Record 1Q Results on Strong Volume Growth
CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs.
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.
CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly
NORFOLK, Va. — CSX Transportation Inc. is suing Norfolk Southern Railway and the Chesapeake-based Norfolk & Portsmouth Belt Line Railroad, alleging that they have conspired to create a monopoly at Norfolk International Terminals by essentially boxing out CSX at the Port of Virginia’s largest container facility.