CSX

CSX spins off two to OmniTRAX

CSX has sold the Alabama & Tennessee River Railway, LLC (ATN) and the Fulton County Railway, LLC (FCR) to HGS Railway Holdings Inc., a managed affiliate of OmniTRAX, Inc. Terms for the transaction were not disclosed. OmniTRAX has managed both short lines for several years. Operations are expected to continue unchanged following the acquisition.

Wallace, Sorfleet, Boone advance at CSX

CSX on July 9 announced three key executive appointments. Executive Vice President and Chief Administrative Officer Mark Wallace was appointed Executive Vice President Sales and Marketing, effective immediately. Chief Human Resources Officer Diana Sorfleet takes Wallace’s place, assuming responsibility for information technology, human resources, labor relations, executive compensation and aviation. Kevin Boone, who previously reported to Wallace, will continue as Vice President Corporate Affairs and Chief Investor Relations Officer, and will assume responsibility for the Corporate Communications function, reporting to President and CEO James Foote.