CSX Corp.

Government, Business, Top 100, TCA

CSX Plan to Buy Pan Am Railways Rejected

CSX train Henry Durand/ Associated Press

SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.

Jim Kinney |  The Republican (Springfield, Mass.)
June 7, 2021
Business, Logistics, Top 100

CSX to Acquire Quality Carriers

CSX train Gene J. Puskar/Associated Press

Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.

Dan Ronan | Associate News Editor
May 12, 2021
Business, Technology

CSX Reports Mixed Q1

CSX train BaltimoreAndOhioRR via Youtube

CSX Corp. reported lower first-quarter income and revenue compared with 2020, officials for the Class I railroad said April 20.

Dan Ronan | Associate News Editor
April 21, 2021
Business

CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic

CSX A CSX train. (Luke Sharrett/Bloomberg News)

CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21.

Dan Ronan | Associate News Editor
January 25, 2021
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

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