CSX Corp.
Business

CSX Profit Jumps to $877 Million

CSX train 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.

Transport Topics
July 17, 2018
Government, Business

CSX to Open Hub in Eastern North Carolina

CSX worker (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.

Eleanor Lamb | Staff Reporter
June 29, 2018
Business, Safety, Logistics

CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing

CSX News: Sex bias case settlement 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.

Patrick Dorrian | Bloomberg News
June 12, 2018
Business

CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations

CSX train 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.

Dan Ronan | Associate News Editor
April 17, 2018
Business, Technology

CSX to Purchase Collision Avoidance System

CSX train 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.

Transport Topics
April 6, 2018
Business

CSX Sells Stake in Hotel Property

Westin Resort westinsavannah.com

CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.

February 20, 2018
Business, Safety, Logistics

Amtrak Crash Adds to CSX’s Rising Accident Toll

The site of the Feb. 4 train crash between an Amtrak train and a CSX freight train, in Cayce, S.C. ( AP Photo/Jeff Blake)

A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents.

Thomas Black | Bloomberg News
February 5, 2018
Business, Logistics, TCA

CSX Revenue Down, Earnings Up

Jaroh/Flickr

CSX’s net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
January 17, 2018
Business

Death of CSX’s Hunter Harrison Prompts Questions about Health Disclosures

Cindy Sanborn, Hunter Harrison of CSX Corp. Harrison with former CSX Chief Operating Officer Cindy Sanborn at STB listening session in October. (Ari Ashe/Transport Topics)

Former CSX Corp.CEO Hunter Harrison died less than one year into his four-year contract. Now questions are starting to arise about whether it was wise for the railroad to invest $84 million in the tycoon despite obvious health concerns.

Ari Ashe | Staff Reporter
December 27, 2017
Business, Logistics

CSX Takes ‘Interim’ Tag off CEO Jim Foote

CSX train Bloomberg TV Markets and Finance via YouTube

Only two months after being hired, Jim Foote is now the top executive at CSX Corp. after the unexpected death of CEO Hunter Harrison on Dec. 16.

Ari Ashe | Staff Reporter
December 27, 2017

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