CSX Corp.

Business, Top 50

CSX Earnings in Q4 Beat Wall Street Expectations

CSX locomotive CSX reported earnings increased 36% in 2021, to $1.17 billion compared with $862 million the year before. (CSX Corp.)

CSX Corp. announced fourth-quarter and year-end earnings that beat Wall Street analysts’ expectations after the markets closed Jan. 20.

Dan Ronan | Associate News Editor
January 21, 2022
Government, Business, Logistics, TCA

CSX Purchase of Pan Am Railway Gets Federal Hearing

CSX Purchase of Pan Am Railway Gets Federal Hearing A CSX Corp. employee walks on a General Electric C40-8W locomotive while on a siding at Worthville, Ky. (Luke Sharrett/Associated Press)

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.

Jim Kinney |  The Republican (Springfield, Mass.)
January 10, 2022
Government, Business, Logistics

Expansion Underway for Baltimore’s Howard Street Tunnel

Maryland Gov. Larry Hogan "This is a continuation of our concerted efforts to make the Port of Baltimore much more competitive with other ports for the extremely sought-after containerized cargo market," Maryland Gov. Larry Hogan says. (MAR-2 News via YouTube)

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.

Dan Ronan | Associate News Editor
November 30, 2021
Business, Logistics

New Inland Port Opens in North Carolina

Carolina Connector ribbon-cutting North Carolina political leaders and industry stakeholders joined in the ribbon-cutting for the Carolina Connector on Nov. 18. (North Carolina Department of Transportation)

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, 2021

CSX’s Q3 Earnings Beat Street Expectations

CSX locomotive CSX posted earnings of 43 cents a share in the third quarter, and the average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. (Gene J. Puskar/Associated Press)

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.

Dan Ronan | Associate News Editor
October 21, 2021
Business, Logistics

CSX Beats Expectations With Q2 Freight Surge

CSX train Pittsburgh Regional Alliance

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.

Dan Ronan | Associate News Editor
July 22, 2021
Business, Logistics, TCA

CSX Renews Bid for Approval to Add 1,200 Miles of New England Rail Lines

CSX A CSX train. (Gene J. Puskar/Associated Press)

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.

Steve Patterson | The Florida Times-Union
July 7, 2021
Government, Business, Top 100, TCA

CSX Plan to Buy Pan Am Railways Rejected

CSX train Henry Durand/ Associated Press

SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.

Jim Kinney |  The Republican (Springfield, Mass.)
June 7, 2021
Business, Logistics, Top 100

CSX to Acquire Quality Carriers

CSX train Gene J. Puskar/Associated Press

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.

Dan Ronan | Associate News Editor
May 12, 2021
Business, Technology

CSX Reports Mixed Q1

CSX train BaltimoreAndOhioRR via Youtube

CSX Corp. reported lower first-quarter income and revenue compared with 2020, officials for the Class I railroad said April 20.

Dan Ronan | Associate News Editor
April 21, 2021