CSX Corp.

Business, Logistics

Railroad Profit Rebound Plays Catch-Up to Yearlong Stock Surge

Luke Sharrett/Bloomberg News

With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone.

January 17, 2017
Business, Logistics

Two CSX Trains in Florida Collide, Derail; Two Injured

Marion Country (Fla.) Fire Handout/Reuters

Two CSX Corp trains collided and derailed in central Florida early on Nov. 16, injuring two crew members, the company said.

David Ingram | Reuters
November 16, 2016
Business, Logistics

CSX’s Net Income Falls 10%

John H Gray/Flickr

CSX Corp.'s net income fell 10% to $455 million, or 48 cents per share in the third quarter, hurt by declines of 8% in both volume and revenue.

October 13, 2016
Business, Logistics

CSX Says Third-Quarter Earnings Will Decline

CSX Corp.

CSX Corp. has announced that third-quarter earnings will trail both the 2015 period and second quarter profit because freight volumes have slumped.

September 8, 2016
Business, Logistics

After Some Opposition, CSX to Build $272 Million Rail Hub in North Carolina

Luke Sharrett/Bloomberg News

While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.

Drew Jackson | The News & Observer (Raleigh, N.C.)
July 20, 2016
Business, Logistics

CSX Net Income Falls 20%, Starts Second Quarter on Down Note

Luke Sharrett/Bloomberg News

CSX Corp. began the second-quarter freight transport earnings reporting season by announcing that net income fell 20% to $445 million, or 47 cents per share, dragged down by a 34% reduction in coal revenue.

July 14, 2016
Business, Logistics

Maryland Seeks $155 Million From Feds to Clear Freight Rail Bottleneck Beneath Baltimore

John H Gray/Flickr

The state and the railroad CSX Transportation have agreed to a plan to remove a bottleneck for freight shipping beneath the streets of Baltimore and have requested $155 million in federal funding to help pay for the project they say will boost Maryland's economy.

Tim Prudente | The Baltimore Sun
April 18, 2016
Business, Logistics

CSX First-Quarter Earnings Tumble 19%, Hurt by Sharp Drop in Coal Market

Luke Sharrett/Bloomberg News

CSX Corp. kicked off the first-quarter earnings reporting season on a down note as net income fell 19% to $356 million, or 37 cents per share, and revenue dipped 14% to $2.62 billion, including a drop of 37% in coal traffic.

April 12, 2016
Business, Logistics

CP Rail CEO Harrison Says Combination with CSX Still Possible

Norm Betts/Bloomberg News

Canadian Pacific Railway still is interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., CEO Hunter Harrison said.

Frederic Tomesco | Bloomberg News
March 8, 2016
Business, Logistics

CSX Intermodal Terminal Brings Economic Boost to Florida Town

Luke Sharrett/Bloomberg News

The facility is a month shy of its second birthday, but Winter Haven, Florida, city and business leaders say the CSX intermodal terminal and surrounding logistics center already are bringing the economic development they wanted.

Madison Fantozzi | The (Lakeland, Fla.) Ledger
March 8, 2016

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