CSX Corp.

Business, Logistics, TCA

CSX Agrees to Buy New England’s Pan Am Railways

A CSX train crosses an intersection in Ocala, Fla. (Doug Engle/Ocala Star Banner) A CSX train crosses an intersection in Ocala, Fla. (Doug Engle/Ocala Star Banner)

CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.

Stephen Singer | The Hartford (Conn.) Courant
December 2, 2020
Business, Logistics

CSX Reports Lower Q3 Net Income, Revenue

CSX train Revenue for CSX in Q3 dropped 11% to $2.64 billion compared with $2.97 billion in Q3 of 2019. (Gene J. Puskar/Associated Press)

CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.

Dan Ronan | Associate News Editor
October 22, 2020
Business

CSX Earnings Slump in Q2 Amid COVID-19 Pandemic

CSX Luke Sharrett/Bloomberg News

CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.

Dan Ronan | Associate News Editor
July 27, 2020
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
Business

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
Business

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
Business

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

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