CSX Corporation announced declining financial results for the first quarter 2016. Net earnings for the railroad decreased to $356 million or $0.37 per share, down from first quarter 2015 reported net earnings of $442 million or $0.45 per share. “As we managed through the impact of the continued coal decline and other market forces during […]
The Columbus Dispatch reported that yesterday, February 9, two CSX employees were injured when their train, bound for the Honda plant, collided with a stationary car. CSX has not yet issued a statement. Read the complete story here.
CSX Corporation announced a solid fourth quarter and full-year financial performance for 2015. The railroad announced declines for the fourth quarter and mixed financial results for the full year. CSX reported in a press conference that net earnings declined five percent to $466 million or $0.48 per share (down two percent), down from last year’s […]
The Pittsburgh Business Times reported that local and state officials recently gathered for the CSX official groundbreaking ceremony in McKees Rocks, Penn. The $60 million, 70-acre intermodal facility will be built on the site of the former Pittsburgh Intermodal Rail Terminal. Click here to read the entire article.
A week after railroads lost an appeal against the U.S. Department of Transportation’s new brake requirements, CSX Corp. (NYSE: CSX) has reinforced its stance against the new program. The new brake rules were issued by the DOT in May, and included phasing in tougher tank car standards and new electronically controlled pneumatic braking systems on […]
Thousands of rail tank cars roll through the cities, suburbs and rural areas of East Tennessee day and night, moving chemicals and energy products desperately needed by a variety of industries that provide thousands of jobs throughout the region. The commodities these tank cars carry are wide and varied, almost a who’s who of the […]
In a press release Oct. 14, 2015, CSX announced record financial results for the third quarter of 2015. Net earnings for the railroad came in at $507 million for the quarter, compared to the $509 million for the same period last year, which translates into a third quarter record of $0.52 per share, as compared […]
TAMPA, Fla. — Is the solution to the Tampa Bay area’s mass transit woes already crisscrossing Hillsborough, Pasco and Pinellas counties? That’s a question local planners will begin considering in the weeks and likely years to come as Jacksonville-based CSX Corp. considers selling off two rail lines that could conceivably be operated as commuter routes. CSX […]
JACKSONVILLE, Fla. – CSX employees are enduring another round of layoffs, this time at the company’s mechanical shops in Corbin, Kentucky. CSX announced Tuesday that the shops will be closed, affecting about 180 active employees at the facilities. All affected employees at Corbin will receive at least 60 days of pay and benefits, CSX said in […]
United Continental Holdings Inc’s new chief executive officer has suffered a heart attack, a person familiar with the matter said on Friday, barely a month after he took on the job of improving the airline’s profitability and reputation. The board at United – the No. 2 U.S. carrier by capacity – was informed “promptly” after […]