July 28, 2016

Former CSX executive suffers heart attack

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 […]

Sit tight at crossings as coal train lengths double

Motorists’ wait time at U.S. rail crossings may double as CSX Corp. hooks trains together to boost efficiency amid plunging demand for coal shipments. Bulk cargo is the latest focus in CSX’s effort to improve productivity. Getting more cars behind the locomotives is one way to do that — even if a longer, heavier load spends […]

CSX to reduce operations in Erwin, Tenn.

JACKSONVILLE, Fla. – As CSX works to match its resources to a changing business environment, the company today announced the reduction of train operations at Erwin, Tennessee. The decision, the result of significantly reduced coal traffic through the region, includes closing a locomotive service center, project shop and car shop, and eliminating switching operations at the Erwin yard. Approximately […]

FRA announces cause of Mount Carbon derailment

MONTGOMERY, W.Va.— The Federal Railroad Administration (FRA) today announced the cause of the February 16, 2015 CSX/Plains All American derailment in Mount Carbon, W.Va. The accident resulted in 27 derailed cars, a fire that ignited immediately and eventually burned for days and the evacuation of hundreds of local residents. FRA was the lead agency tasked with […]

Inspectors find critical safety defects on CSX tracks

Safety inspectors from the state Department of Transportation and the Federal Railroad Administration uncovered 95 defects in their most recent examination of rail cars and tracks across upstate New York, Gov. Andrew M. Cuomo announced Monday. Four of those defects, all on CSX mainline track west of Albany, were considered critical, requiring immediate attention, according […]

CSX changes executive team after Munoz leaves

Oscar Munoz, CSX Corp.s No. 2 executive, is leaving the Jacksonville-based railroad company to become chief executive officer of United Continental Holdings Inc. Gooden has helped lead CSX’s growth and value pricing efforts. The move is surprising to some analysts, who are asking why would he leave CSX (NYSE: CSX), a railroad giant, when he […]

Second quarter financial results in for Class I railroads

CSX Corporation announced all-time record quarterly financial results for the second quarter of 2015. Operating income for the railroad came in at more than $1 billion for the first time in company history. The railroad also saw an all-time record in operating ratio of 68.8 percent. Net earnings came in at $553 million or an […]

Latest tank car, rail inspections turn up 62 defects

Another round of targeted tank car and rail inspections in New York found 62 defects, including one “critical” safety defect that required immediate corrective action, Gov. Andrew Cuomo announced on Wednesday. The inspections are part of the governor’s efforts to address the safety of crude-by-rail shipments. State and federal teams examined 524 tank cars and […]

Train derailment prompts evacuation in Tenn.

MARYVILLE, Tenn. — A fire continued to burn Thursday afternoon at the site where a train car carrying hazardous material derailed and caught fire in eastern Tennessee, and officials said firefighters have been trying to keep neighboring rail cars cool as they make efforts to move them away from the flames. At a 4:30 p.m. […]

MassDOT acquires secondary rail line from CSX

The Massachusetts Department of Transportation (MassDOT) has completed the $23 million acquisition of the Framingham Secondary Rail Line from CSX Corporation. With the acquisition of the 21-mile rail line between Framingham and Mansfield, Mass., MassDOT can now connect the Framingham/Worcester, Needham, Franklin, and the Attleboro/Northeast Corridor commuter rail lines. The line also will provide added rail […]