As the battle between Amtrak and potential host freight railroads CSX and NS over proposed passenger trains between New Orleans and Mobile heats up, CSX has turned up the heat another notch.
Nucor Corporation will start construction this year on a $2.7 billion-plus sheet steel mill in Mason County, W.Va., to be served by CSX.
Union Pacific (UP) and CSX have been named to Fortune magazine’s “World’s Most Admired Companies” list for 2022.
Decision Day draws closer in the tussle between Amtrak and potential host railroads CSX and Norfolk Southern (NS) before the Surface Transportation Board (STB) over whether or not there will be passenger trains running between New Orleans and Mobile in the near future.
The Alabama Port Authority is building an inland container intermodal transfer facility in Montgomery to extend rail service northeast from the Port of Mobile; it will be served by CSX.
The U.S. Department of Transportation (DOT) and the Federal Railroad Administration (FRA) have been allowed to file additional comments with the Surface Transportation Board (STB) regarding Amtrak’s application to operate Gulf Coast service.
CSX has promoted Sean R. Pelkey, a 16-plus-year company veteran, to Executive Vice President and Chief Financial Officer.
CSX was the second Class I railroad to report fourth-quarter 2021 financial results on Jan. 20; it posted net earnings of $934 million (or $0.42 per share), a 22% boost from the prior-year period’s $760 million (or $0.33 per share).
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Currently pending before the Surface Transportation Board are an application by CSX to acquire Pan Am Railways (PAR) and a related petition regarding operation of Pan Am Southern (PAS) by the Berkshire & Eastern Railroad (B&E), a subsidiary of Genesee & Wyoming. These transactions will bring strong transportation and safety benefits to New England.
