CSX
CSX 3Q earnings up from 3Q12, beat Street
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of 2012.
Phase One of National Gateway completed
Phase One of the National Gateway—a doublestack clearance project connecting CSX’s existing intermodal terminal in Chambersburg, Pa., and its new, state-of-the-art Northwest Ohio Intermodal Terminal hub facility, has been completed on time, and on budget.
Sustainability: It’s not easy being green
Railroad industry participants in the 2013 GE Transportation/Norfolk Southern Railroad Sustainability Forum in Crotonville, N.Y., are learning that, although “it’s not easy being green,” investing time and resources into sustainability programs and technologies is not only something that needs to be done from a corporate responsibility standpoint, it’s also a potential source of long-term financial benefit.
SEPTA to add West Trenton Line capacity
A $10 million TIGER grant will allow SEPTA to add six miles of track capacity to its West Trenton Line, SEPTA spokesman Andrew Busch affirmed Tuesday, Sept. 3, 2013.
CSX, EDF partner on energy savings
For the fourth consecutive year, CSX participated in the Environmental Defense Fund (EDF) Climate Corps, a program that pairs MBA student “fellows” with large corporations to design and support programs that drive energy efficiency.
Ragan, CSX notch top-25 finish at Watkins Glen
David Ragan, driving the No. 34 Taco Bell/CSX Play It Safe Ford Fusion, earned a top-25 finish Sunday, Aug. 11, at the Cheez-It 355 at Watkins Glen International, one of the NASCAR Sprint Cup Series’ always-tricky road course races. Aside from the normally uncommon right-hand turns, the day also brought some other challenges, including overheating and dodging wrecks.
U.S. Appeals Court reverses Class I price-fixing decision
Union Pacific Corp., CSX Corp., Norfolk Southern Corp., and Burlington Northern Santa Fe (a unit of Berkshire Hathaway Inc.) have won their bid to reverse a ruling that turned a price-fixing lawsuit against them into a class action with potential damages of at least $10 billion.
CSX acquires Eastern Associated Terminal
CSX Corp. announced Tuesday, Aug. 7, the purchase of the Eastern Associated Terminal in Tampa, Fla. from the Ingram Barge Company. The 22-acre phosphate export facility is adjacent to CSX Transportation Inc.’s Rockport terminal on Tampa Bay, and the combined entity will be called Rockport Terminals.
David Ragan and CSX: Safe race at Indy. Perhaps TOO safe?
NASCAR Sprint Cup driver David Ragan and the CSX Ford Fusion brought the railroad’s “Play It Safe” safety message to Indianapolis Motor Speedway on Sunday, July 28. The campaign efforts included an “I Promise To Brake For Trains” decal with fan signatures adorning the hood of the No. 34.