Railroad
Two CSX Trains in Florida Collide, Derail; Two Injured
Two CSX Corp trains collided and derailed in central Florida early on Nov. 16, injuring two crew members, the company said.
CSX’s Net Income Falls 10%
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, 2016CSX Says Third-Quarter Earnings Will Decline
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, 2016After Some Opposition, CSX to Build $272 Million Rail Hub in North Carolina
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.
CSX Net Income Falls 20%, Starts Second Quarter on Down Note
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, 2016Maryland Seeks $155 Million From Feds to Clear Freight Rail Bottleneck Beneath Baltimore
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.
CSX First-Quarter Earnings Tumble 19%, Hurt by Sharp Drop in Coal Market
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, 2016CP Rail CEO Harrison Says Combination with CSX Still Possible
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.
CSX Intermodal Terminal Brings Economic Boost to Florida Town
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.
CSX Surges After Report of Canadian Pacific Takeover Interest
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.