CSX Corp.

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
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

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