CHICAGO — One of the major pieces of Chicago’s CREATE program marked a milestone on Wednesday, Oct. 15, as the first CSX Transportation train crossed the Forest Hill Flyover on the city’s South Side. The new structure separates CSX’s main line from tracks used by Metra, the Belt Railway of Chicago, and Norfolk Southern. The […]
JACKSONVILLE, Fla. — CSX’s profits declined in the third quarter as intermodal growth could not offset an 11% decline in coal revenue. But the railroad’s key operating metrics all improved, even amid detours related to a pair of major construction projects, the Howard Street Tunnel clearance project in Baltimore and the rebuilding of the hurricane-damaged […]
JACKSONVILLE, Fla. — New CSX CEO Steve Angel says his focus will be keeping the railroad running well every day while waiting for the right merger deal to come along. Angel, who replaced Joe Hinrichs on Sept. 29, was peppered with merger-related questions during the railroad’s third-quarter earnings call on Thursday afternoon. One Wall Street […]
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KINGSPORT, Tenn. — The annual CSX Santa Train trip is set for Saturday, Nov. 22, the railroad has announced. The 83rd running of the train, a tradition dating to 1943, will again feature a 110-mile trip from Shelbiana, Ky., to Kingsport, distributing more than 15 tons of toys, gifts, and winter apparel to thousands of […]
WASHINGTON — Starting early next January, no freight or passenger trains will be scheduled to cross the Potomac River between Washington, D.C., and Alexandria, Va., during an 8:15 a.m.-to-1 p.m. window seven days a week for up to five years. This will accommodate construction on a $2.3 billion, four-track bridge being built to replace the […]
BNSF Railway and CSX are seeing immediate results from the interline domestic intermodal partnership that they announced in August linking the Southwest and Southeast. Over the past six weeks, CSX intermodal volume is up 8%, according to the railroad’s weekly carload reports. Rival Norfolk Southern’s intermodal traffic has declined 6.8% over the same stretch, suggesting […]
NOVI, Mich. — The union representing maintenance-of-way workers has penned a public letter of support for departed CSX CEO Joe Hinrichs, just days after SMART-TD general chairmen issued a statement critical of Hinrichs’ three-year tenure at the railroad. “Recent articles have painted Joe Hinrichs harmful to both rail labor and the railroad industry,” the Brotherhood […]
JACKSONVILLE, Fla. — New CEO Steve Angel introduced himself to CSX employees at a town hall meeting on Wednesday, two days after the railroad announced he had replaced Joe Hinrichs. “First, I want to take a moment to recognize Joe Hinrichs,” Angel said. “ He led this company through some demanding times, and made real progress […]
JACKSONVILLE, Fla. — CSX today officially celebrated the reopening of the Blue Ridge Subdivision, nearly a year to the day after Hurricane Helene destroyed large portions of the former Clinchfield Railroad main line in rugged eastern Tennessee and western North Carolina. CSX restored the key 60-mile corridor damaged by Hurricane Helene within the Blue Ridge […]
Why merge — and why merge now? Those were leadoff questions last week at a virtual salon where four industry veterans dissected the forces behind Union Pacific’s proposed acquisition of Norfolk Southern, the untested regulatory road ahead, and the potential ripple effects for shippers, communities, and competitors. Rick Paterson, an analyst with Loop Capital Markets, […]
Steve Angel joins CSX Transportation as its eighth chief executive in the railroad’s 45 years, and the Tarheel native could well be the railroad’s last CEO if the Union Pacific-Norfolk Southern merger prompts a BNSF-CSX allegiance. As the industry possibly faces its final round of consolidation, CSX has to do something. While it may seem […]
