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 Corp.
Business
A CSX freight train pulls tank cars past downtown Pittsburgh, on June 24, 2019. (Associated Press/Gene J. Puskar)
CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves
A CSX freight train pulls tank cars past downtown Pittsburgh, on June 24, 2019. (Associated Press/Gene J. Puskar)
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.
July 22, 2019
Business
Stacks of CSX containers. (TT File Photo)
CSX Reports Record 1Q Results on Strong Volume Growth
Stacks of CSX containers. (TT File Photo)
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.
April 17, 2019
Government, Business, Logistics, TCA
Patrick Semansky/Associated Press
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Patrick Semansky/Associated Press
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.
March 5, 2019
Business, Logistics, TCA
Gene J. Puskar/Associated Press
CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly
Gene J. Puskar/Associated Press
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.
October 9, 2018
Business
TT file photo
CSX Profit Jumps to $877 Million
TT file photo
CSX Corp. reported second-quarter net earnings of $877 million, or $1.01 a share, a rise of 72% from net earnings of $501 million, or 55 cents a share, in the same period a year ago.
July 17, 2018
Government, Business
(Luke Sharrett/Bloomberg)
CSX to Open Hub in Eastern North Carolina
(Luke Sharrett/Bloomberg)
North Carolina Department of Transportation officials announced June 28 that they have reached an agreement with CSX Corp. to build a new intermodal transportation facility in Edgecombe County.
June 29, 2018
Business, Safety, Logistics
Schnitzel_bank/Flickr
CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing
Schnitzel_bank/Flickr
CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.
June 12, 2018
Business
John H Gray/Flickr
CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations
John H Gray/Flickr
CSX Corp., the country’s third-largest railroad, reported stronger-than-expected earnings April 17 as the company cut costs. First-quarter net earnings were $695 million, or 78 cents per share. That is more than the 66 cents per share analysts had been expecting.
April 17, 2018
Business, Technology
Franklin Campbell/Flickr
CSX to Purchase Collision Avoidance System
Franklin Campbell/Flickr
Freight rail company CSX Corp. is ordering the Protran Technology Collision Avoidance System to be installed on several hundred of its railway track maintenance machines, and eventually onto its entire fleet.
April 6, 2018Pages
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