In a letter to the Surface Transportation Board filed April 13, 2016, CSX contends that “giving Amtrak trains absolute priority over the old RF&P (Washington-Richmond right-of-way) upends commuter train operations, drastically limits the number of available slots for freight trains, and likely results in congestion on tracks and in yards that would ripple through the network.”
“Progress is about harnessing technology that promotes safety, efficiency and better customer service,” according to CSX. “Machine vision gives us new vantages of passing cars, from top-of-car views to undercarriage shots. And all these images are taken as the train passes at track speed. Machine vision allows us to pinpoint potential problems and quickly address them before they grow into larger issues that can cause service delays.”
The Association of American Railroads on April 12, 2016 presented Michael Hoey, a CSX Transportation civil engineer from Philadelphia, Pa., the 2016 John H. Chafee Environmental Excellence Award. U.S. Senator Cory Gardner (R-Colo.) was the 2016 John H. Chafee Congressional Environmental Award.
Impacted by lower volume, CSX posted first-quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year. “Service improvements, significant efficiency and resource alignment savings combined to help offset the impact of lower volume,” the company said.
CSX Corp. on April 6, 2016 announced the recipients of its 22nd annual Chemical Safety Excellence Award, recognizing 78 customers for their commitment to the safe transportation of hazardous materials by rail.
OmniTRAX, Inc., one of the largest privately held transportation services companies in North America and an affiliate of The Broe Group, and the Effingham County Industrial Development Authority (ECIDA) are developing a 2,700-acre tract near Rincon, Ga. The Savannah Gateway Industrial Hub, located 12 miles from the Port of Savannah and served by the CSX and Norfolk Southern railroads, is expected to attract manufacturers, processors, distributors and others.
The Georgia & Florida Railway, LLC (GFRR), an affiliate of OmniTRAX, Inc., “continues to make shipping by rail easy” with the implementation of Railinc’s Interline Settlement System (ISS) in partnership with Norfolk Southern, CSX Transportation and GE Transportation’s Digital Solutions business. ISS is the standard process in the rail industry to share revenue when two or more railroads handle a shipment. Additional OmniTRAX rail lines will convert to ISS in collaboration with the company’s Class I rail partners during the coming months.
For the sixth consecutive year, CSX Corporation has been named one of FORTUNE’s World’s Most Admired Companies, the company announced Feb. 24, 2016.
CSX Chief Financial Officer Frank Lonegro on Feb. 17, 2016 highlighted the company’s track record of success during the energy market transition and updated expectations for company performance at the Barclays Industrial Select Conference in Miami, Fla.
For a fourth consecutive season, CSX and Front Row Motorsports will join forces to promote public safety around railroad tracks with the No. 34 “Play It Safe” Ford Fusion in NASCAR’s 2016 Sprint Cup Series. This season, 2015 Xfinity Series Champion and 2016 Sprint Cup Series Rookie of the Year candidate Chris Buescher will drive the 34, which will be powered by Ford engines sourced from Roush-Yates Engines.
