CSX Corp.

Business, Logistics

CSX Hires Ex-Ford Executive Joseph Hinrichs as CEO

A CSX freight locomotive with an inset of Joseph Hinrichs A CSX freight locomotive with an inset of Joseph Hinrichs. (Luke Sharrett/Bloomberg News)

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.

Keith Naughton | Bloomberg News
September 15, 2022
Business

CSX Reports Q2 Earnings That Beat Expectations

CSX locomotive CSX's revenue increased 28% to $3.81 billion compared with $2.99 billion in the 2021 period. (Tom Biery/Trans Pix)

Class I freight railroad CSX Corp. reported strong second-quarter results July 20, bolstered by automotive shipments, but said hiring and retention challenges continue.

Dan Ronan | Senior Reporter
July 21, 2022
Government, Business, Logistics, TCA

CSX Completes Purchase of Pan Am Railways

CSX train CSX Corp.

MECHANICVILLE, N.Y. — CSX Corp. has completed its long-sought purchase of Pan Am Railways.

Rich Karlin | Times Union (Albany, N.Y.)
June 27, 2022
Business, Logistics

CSX Turns Away Freight as Railroad Struggles to Fill Jobs

CSX train CSX Corp.

CSX Corp. is turning away freight from customers, ceding cargo business to truckers, as the railroad struggles to hire workers, CEO Jim Foote said.

Thomas Black | Bloomberg News
June 2, 2022
Business, Logistics

CSX Reports Strong Q1 Earnings

CSX train Pittsburgh Regional Alliance

CSX Corp. reported first-quarter earnings April 20 that beat Wall Street analysts’ expectations.

Dan Ronan | Senior Reporter
April 21, 2022

CSX to Pay Workers More Ahead of Expected Raises

A CSX freight train pulls through McKeesport, Pa. A CSX freight train pulls through McKeesport, Pa. (Gene J. Puskar/Associated Press)

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.

Josh Funk | Associated Press
April 20, 2022
Business, Logistics, TCA

STB Approves Pan Am Railways Merger With CSX

The CSX intermodal rail yard in West Springfield, Mass. The CSX intermodal rail yard in West Springfield, Mass. (Don Treeger/Tribune Content Agency)

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.

Emily Burnham | Bangor Daily News, Maine
April 18, 2022
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 | Senior Reporter
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 | Senior Reporter
November 30, 2021

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