CSX, The Conservation Fund accepting grants for transporting healthy food
Applications are now being accepted for the 2015 Grant Program for Transporting Healthy Food, presented in partnership by CSX and The Conservation Fund.
CSX
GPA, CSX to establish Appalachian Regional Port
Governor Nathan Deal, the Georgia Ports Authority (GPA) and CSX Transportation signed a memorandum of agreement July 28, 2015 establishing the Appalachian Regional Port in Chatsworth, Ga. Its service will include North Georgia, Alabama, Tennessee and parts of Kentucky.
CSX doubles up for Brickyard 400
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The familiar blue and gold “Play It Safe Around Railroad Tracks” No. 34, driven by 22-year-old Brett Moffitt, and the new “FFA (Future Farmers of America) + CSX Living to Serve” No. 38, with David Gilliland at the wheel.
Eliasson to STB: Railroads are healthy; let’s keep them that way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in the nation’s critical rail transportation infrastructure, CSX Executive Vice President and CFO Fredrik Eliasson told the Surface Transportation Board at a July 22 hearing.
CSX sets second-quarter financial record
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of 2015.
CSX spotlights 2014 social responsibility initiatives
CSX Corporation (CSX) launched on July 13, 2015 its fifth annual Corporate Social Responsibility Report, Moving Forward, highlighting the company’s progress in 2014 toward goals related to business performance, employee empowerment, environmental sustainability and community investment.
Two CSX trains derail in Tennessee five days apart
Just five days after a CSX train car carrying acrylonitrile derailed in Maryville, Tenn. and caught on fire, four CSX train cars carrying mixed freight derailed and flipped over in the Berry Hill neighborhood of South Nashville on the evening of July 6, 2015.
Lowering the bar one more time: Jason H. Seidl
“We are lowering earnings expectations for most railroads to reflect traffic results,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, regarding upcoming second-quarter financial earnings of the Class I railroads.
AAR, Hyundai recognize CSX for exceptional motor vehicle service
The Association of American Railroads has recognized CSX and its wholly owned subsidiary Total Service Distribution, Inc. (TDSI) with an industry award for the highest-quality automotive ramp service performance in the U.S.
CSX’s Eliasson: “Meaningful margin expansion”
Speaking at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston on May 14, 2015, CSX Chief Financial Officer Fredrik Eliasson said that, for the full year, CSX “continues to expect EPS growth in the mid-to-high single digit range, as well as meaningful margin expansion as the company makes progress toward a mid-60s operating ratio.”