CSX

CSX CBR train derails in Virginia; no injuries reported

CSX workers and others on Thursday, May 1, 2014, continued to assess the damage caused by a crude-by-rail (CBR) consist that derailed near downtown Lynchburg, Va., Wednesday afternoon, resulting in at least 12 derailed cars, three-to-four tank cars rupturing, burning oil, and oil slicks in the James River.

SunRail prepares for operating debut

SunRail regional rail service will make an official debut Thursday, May 1, 2014, serving the Orlando, Fla., metropolitan area, one day after state and local officials marked the launch of the service Wednesday at a ceremony.

CSX Safety Train ready to roll, targets CBR safety and first responders

CSX’s Safety Train: Energy Preparedness Program, with rolling classrooms and specialized hands-on training, will soon take to the rails on an expanded first responder training initiative. The train will travel over much of the railroad’s crude oil service territory over the next several months.

CSX 1Q earnings slip, but beat Street

CSX Corp. announced late Tuesday, April 15, 2014 first-quarter net earnings of $398 million, or 40 cents per share, down from $462 million, or 45 cents per share, in the same quarter of 2013. But that still beat Wall Street analyst consensus estimates of 38 cents per share.

CSX 2013 Chemical Safety Excellence Awards

CSX on April 2, 2014 announced the winners of its 20th annual Chemical Safety Excellence Award, “representing dozens of customers recognized by CSX for their commitment to safe transportation of hazardous materials by rail.”

CSX 2013 Annual Report spotlights continued growth

“A combination of macro forces and strategic investments propelled CSX to strong performance despite the challenging external environment, including the slowly recovering economy and transformation in the energy markets. The company now enjoys the most diverse portfolio in its history, as growth in the merchandise and intermodal businesses help to offset declining coal revenue.”

“A solution looking for a problem”

Association of American Railroads President and CEO Ed Hamberger, participating in testimony before the U.S. Surface Transportation Board, has called the National Industrial Transportation League’s proposal to the STB to force reciprocal switching on the railroads “flawed” and “a solution looking for a problem.”

CSX: “More modest full-year earnings growth”

Speaking at the March 12, 2014 J.P. Morgan Aviation, Transportation and Industrials Conference in New York City, CSX Corp. Chief Financial Officer Fredrik Eliasson said the company expects full-year earnings growth in 2014 to occur “at a more modest rate than previously anticipated, with the underlying strength in our merchandise and intermodal markets combined with visibility to several million new tons of domestic coal helping to offset the first quarter impact.”

Weather, wrecks, mechanical mayhem mar CSX, David Ragan Daytona debut

In NASCAR Sprint Cup competition at Daytona International Speedway, drivers and fans alike are always on the lookout for “The Big One,” that massive wreck-fest that takes drivers out of contention during The Great American Race and its preliminary events. At the 2014 edition of NASCAR’s season-opening event, bad weather scored a big one, and major mechanical failure as well as a wreck took its toll on David Ragan and the no. 34 CSX “Play It Safe Around Railroad Tracks” Front Row Motorsports Ford Fusion.
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