CSX Corp.

Business, Logistics

CSX Reports Declines in First-Quarter Earnings, Revenue

CSX train Luke Sharrett/Bloomberg

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.

Dan Ronan | Associate News Editor
April 27, 2020
Government, Business, Logistics, TCA

Proposed Cargo Hub for N.Y. Town Faces More Delays

The CSX rail yard seen from Fremont Road in Manlius, N.Y., in June 2018. The CSX rail yard seen from Fremont Road in Manlius, N.Y., in June 2018. (Tim Knauss/Syracuse Media Group)

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.

Tim Knauss | Syracuse (N.Y.) Media Group
February 14, 2020

CSX Sets Operating Ratio Record in Q3 Results

CSX sets operating ratio record A CSX train. (Luke Sharrett/Bloomberg News)

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, 2019

CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves

CSX railroad 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.

Dan Ronan | Associate News Editor
July 22, 2019

CSX Reports Record 1Q Results on Strong Volume Growth

CSX 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.

Dan Ronan | Associate News Editor
April 17, 2019
Government, Business, Logistics, TCA

Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project

CSX Train 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.

Colin Campbell | The Baltimore Sun
March 5, 2019
Business, Logistics, TCA

CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly

CSX Train 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.

Robert McCabe | The (Norfolk) Virginian-Pilot
October 9, 2018

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.

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