CSX

Commentary

In Defense of the FRA

I don’t often feel the need to defend our industry’s regulator, the Federal Railroad Administration. Part of that is me. Like many who have stumbled into a career in this industry (and I literally stumbled my way into railroad employment, half-blinded and three-quarters frozen by a blizzard in Chicago), I’ve always had a problem with authority. Not that I begrudge anyone his or her authority, title, rate of pay—any of that stuff. I just don’t like other people telling me what to do, and I positively hate it when others think they need to tell me what to do.

  • News

USDOT Awards $1 Billion for 70 Infrastructure Projects

The U.S. Department of Transportation (USDOT) will distribute $1 billion among 70 surface transportation infrastructure projects in 44 states through its Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program. The Fiscal Year 2020 program is for planning and capital investments.

OmniTRAX Bringing Rail-Ready Program to Greater Savannah Area

OmniTRAX Inc., an affiliate of The Broe Group, is launching its Rail-Ready Sites program at Savannah Gateway Industrial Hub in coordination with the Effingham County Industrial Development Authority (ECIDA). The Rail-Ready Sites program connects customers looking to maximize supply chain performance with rail-served properties.

CSX’s Davis Receives Environmental Excellence Award

The Association of American Railroads (AAR) has named Corey Davis of CSX Transportation the recipient of the 2020 John H. Chafee Environmental Excellence Award, which recognizes a railroad employee who has demonstrated the highest level of environmental stewardship and sustainability in the previous year.

Foote: CSX 2Q “Most Disruptive Period I’ve Seen”

CSX, the fourth Class I railroad to report second-quarter 2020 earnings, was hit hard by the freight traffic falloff and economy in recession created by the global COVID-19 pandemic, which appears to have entered a second wave in the U.S. CSX’s 2Q2020 net earnings of $499 million, or $0.65 per share, were a 57.4% free-fall compared to the 2019 period’s $870 million, or $1.08 per share.

9 Organizations Awarded Healthy Food Distribution Grants

The Conservation Fund announced the recipients for the Grant Program for Transporting Healthy Food. Nine charitable organizations located in Connecticut, Indiana, Maryland, Michigan, New York, North Carolina and Virginia will receive grants ranging from $5,000 to $10,000 to improve their capacity to store and safely deliver fresh, healthy food in their communities.

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