CSX Corp.

Business, Logistics

CSX Surges After Report of Canadian Pacific Takeover Interest

Luke Sharrett/Bloomberg News

CSX Corp. jumped as much as 8% after the close of trading in New York, following a report that Canadian Pacific Railway approached the U.S. railroad about a takeover in January and was rebuffed.

March 2, 2016
Business, Logistics

Norfolk Southern, CSX Say They Won't Make 2018 Deadline for Train-Control Safety System

Schumer by Andrew Harrer/Bloomberg News

CSX Corp. and Norfolk Southern Corp. told the Federal Railroad Administration they won't make the 2018 deadline for full implementation of positive train control.

Eric Anderson | Times Union (Albany, N.Y.)
February 4, 2016
Business, Logistics

Proposed North Carolina CSX Container Hub Meets Opposition

Luke Sharrett/Bloomberg News

When CSX announced earlier this month that it would build a $272 million container hub in Johnston County, Jennifer Edwards found out at the same time as everyone else — but in a much different way.

Drew Jackson | The News & Observer (Raleigh, N.C.)
January 21, 2016
Business, Logistics

CSX to Close Administrative Division in West Virginia

Luke Sharrett/Bloomberg News

CSX will close administrative offices in Huntington, the company said Jan. 18.

Mike James | The (Ashland, Ky.) Daily Independent
January 19, 2016
Business, Logistics

CSX to Build East Coast Intermodal Hub in North Carolina

Railroad behemoth CSX on Jan. 14 said it would make Johnston County, North Carolina, an East Coast hub for shipping and receiving cargo containers.

Drew Jackson | The News & Observer (Raleigh, N.C.)
January 14, 2016
Business, Logistics

CSX Fourth-Quarter Net Income Falls; Weaker 2016 Results Expected

Luke Sharrett/Bloomberg News

CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year’s earnings are expected to trail 2015.

January 13, 2016
Business, Logistics

CSX Names Piacente to Lead Intermodal Unit

CSX Corp. named Dean Piacente as vice president of intermodal to replace William Clement, who has left the railroad, and also announced other management changes.

January 12, 2016
Business, Logistics

CSX to Cut 300 Jobs as Coal Freight Drops

Luke Sharrett/Bloomberg News

CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.

October 16, 2015
Business, Logistics

J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips

J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.

October 14, 2015
Business, Logistics

Broken Rail Caused CSX Derailment in West Virginia, Officials Say

The Department of Transportation's Federal Railroad Administration said the Feb. 16 derailment in Mount Carbon, West Virginia, was caused by a rail defect that was  overlooked during two inspections.

October 9, 2015

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