RBMN hires V.P. Transportation & Safety
Reading, Blue Mountain & Northern (RBMN) Railroad appointed Thomas Cook as Vice President Transportation and Safety, the company announced on April 13, 2015.
CSX
CSX: Double-digit net earnings and EPS growth in 1Q15
CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13% increase from $0.40 per share last year, the company announced April 14, 2015.
STB approves Louisville-Indianapolis track upgrade
Anacostia Rail Holdings (ARH) and CSX have announced that the U.S. Surface Transportation Board has approved a joint proposal by ARH subsidiary Louisville & Indiana Railroad (L&I) and CSX to upgrade a key freight corridor between Indianapolis and Louisville, Ky. The decision went into effect on April 10, 2015.
Supreme Court sends tax dispute back home to Alabama
In a case involving CSX Transportation, the United States Supreme Court ruled Wednesday, March 4, 2015 that the State of Alabama should be given the chance to justify a fuel sales tax it assesses on railroads but not on competitors in the trucking and barge industries.
Oil train mishaps reveal tank car strengths and limitations
Two same-day derailments of crude oil trains in Canada and a third in West Virginia two days later illustrate the strengths and limitations of the newest general-purpose tank cars plying North American rails.
CSX, David Ragan pair up for third straight year
Front Row Motorsports and CSX will partner for a third straight season in 2015, returning the railroad’s “Play It Safe” public service message to David Ragan’s No. 34 Ford Fusion in NASCAR’s Sprint Cup Series in eight races.
Oscar Munoz named CSX President
CSX Corp.’s Board of Directors unanimously has elected Oscar Munoz as the corporation’s president, overseeing operations, sales and marketing, human resources, service design, and information technology.
CP’s next move?
A bid for CSX does not suggest that all of CP’s growth potential lies eastward.
CSX posts record 4Q, full-year results
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42 cents per share, in the fourth quarter of 2013, and solidifying the Class I railroad’s record earnings for the full year. Earnings per share met Wall Street analyst expectations.
CSX launches industrial development website
CSX has launched a new online portal to help its customers more easily access the resources they need to locate or expand facilities on CSX’s rail network: www.csxindustrialdevelopment.com.