Three Class I railroads—Union Pacific, Norfolk Southern and CSX—and Berkshire Hathaway, parent company of BNSF Railway, have been named by Fortune magazine as among the world’s “Most Admired Companies” in 2011. UP,
CSX Transportation has presented its Partnershipping Award to the Regional Economic Development Partnership (RED) in Wheeling, W.Va., for its efforts in locating three energy-related projects that will be served by CSX.
Monday night’s rain-delayed Daytona 500, the season-opening event in the NASCAR Sprint Cup Series, marked a milestone for CSX Transportation, the first Class I railroad to sponsor a Sprint Cup team.
Fairport, N.Y.-based RailComm said Wednesday CSX Transportation has expanded its Domain Operations Controller (DOC®) system located at Boyles Yard in Birmingham, Ala.
CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer, effective immediately.
This is an extraordinary time for North American railroads. We’re creating jobs, supporting new businesses and expansions of existing ones, and easing traffic congestion and associated emissions. Rail investment in the U.S.
CSX Corp., a Wall Street favorite because of its high earnings and low operating ratio, announced moves today that are likely to strengthen its appeal to investors. CSX announced that its directors have approved a 3-for-1 stock split, a 38% increase in the quarterly dividend on its common stock, and a $2 billion share buyback program.
On St. Patrick’s Day, when many people are sporting the color green, CSX touted “green” by unveiling its first low-emission, fuel-efficient switcher locomotives deployed in Illinois.
CSX Corp. will delay its construction of a new intermodal container transfer facility in its headquarters city of Jacksonville, Fla., by six months to a year. The planned terminal, originally set to open in 2011, will handle sea/rail container traffic with TraPac Container Terminal and Hanjin Shipping Co. Ltd.
Hedge funds TCI (The Children’s Investment Fund) and 3GCapital Partners won four seats on the CSX Corp. board of directors in a proxy fight last year. Now, TCI managing partner Christopher Hohn has decided not to seek re-election to the board this year and CSX has decided not to fill the vacancy, according to a filing with the Securities and Exchange Commission onFeb. 12.