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.
October 9, 2018CSX Corp.
Business, Logistics, TCA
Gene J. Puskar/Associated Press
CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly
Gene J. Puskar/Associated Press
Business
TT file photo
CSX Profit Jumps to $877 Million
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
(Luke Sharrett/Bloomberg)
CSX to Open Hub in Eastern North Carolina
(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.
June 29, 2018
Business, Safety, Logistics
Schnitzel_bank/Flickr
CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing
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.
June 12, 2018
Business
John H Gray/Flickr
CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations
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.
April 17, 2018
Business, Technology
Franklin Campbell/Flickr
CSX to Purchase Collision Avoidance System
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.
April 6, 2018
Business
westinsavannah.com
CSX Sells Stake in Hotel Property
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
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)
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.
February 5, 2018
Business, Logistics, TCA
Jaroh/Flickr
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.
January 17, 2018
Business
Harrison with former CSX Chief Operating Officer Cindy Sanborn at STB listening session in October. (Ari Ashe/Transport Topics)
Death of CSX’s Hunter Harrison Prompts Questions about Health Disclosures
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.
December 27, 2017Pages
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