JACKSONVILLE, Fla. — CSX on Monday named Sean R. Pelkey as executive vice president and chief financial officer, effective immediately. Pelkey, who joined the railroad in 2005, most recently served as vice president and acting chief financial officer. Previously, he was vice president of finance and treasury. “Sean has played an important role as a […]
JACKSONVILLE, Fla. — CSX Transportation’s profits and revenue grew in the fourth quarter but the railroad could have moved more freight if not for the ongoing train crew shortage related to the tight labor market and pandemic infections and quarantines. “We are putting the resources in place to deliver a high-quality service product,” CEO Jim Foote […]
Railroads fall short of trucks in so many ways. The inability to offer seamless service from Point A to Point B shouldn’t be among them. But the Surface Transportation Board has said, in so many words, that Canadian Pacific-Kansas City Southern will be the last merger of Class I railroads. That’s a colossal mistake. Why? […]
PLEASANTON, Calif. — Supply-chain technology firm Blume Global has announced a collaborative information platform to coordinate cross-country shipments. Union Pacific, Norfolk Southern, and CSX will be partners in the end-to-end freight scheduler, intended to allow shippers and intermodal firms to synchronize shipments across railroads. “Coordination among railroads is essential, Seana Fairchild, assistant vice president of […]
AVON, Ind. — Two locomotives and six cars of a CSX Transportation train derailed at the railroad’s Avon Yard near Indianapolis on Tuesday, triggering a small fire and spills of lube oil and diesel fuel. CSX said there were no injuries, and the leaks did not impact any water supplies, the Indianapolis Star reports. The […]
WASHINGTON — Amtrak on Friday asked federal regulators to impose seven conditions on CSX Transportation’s proposed acquisition of Pan Am Railways, arguing that they are needed to protect current and future passenger service in New England. Dennis Newman, Amtrak’s executive vice president of strategy and planning, made the request during the second day of a […]
WASHINGTON — CSX Transportation executives touted their proposed acquisition of Pan Am Railways during a daylong Surface Transportation Board hearing Thursday, saying their deal to acquire the New England regional will significantly improve freight and passenger service. But board members questioned several aspects of the merger, including concerns surrounding the Pan Am Southern and CSX’s projections […]
WASHINGTON – CSX Transportation agreed to Amtrak’s conditions regarding passenger service in New England on Wednesday, in advance of the start of a scheduled public hearing on CSX’s proposed acquisition of Pan Am Railways. Amtrak on Jan. 3 said it would oppose the CSX-Pan Am deal unless the Surface Transportation Board imposed seven conditions on […]
PHOENIX — There is A LOT going on in terms of capital projects for CSX Transportation — enough that Ed Sparks, the railroad’s chief engineer, bridges, design & construction — had no problem running well past his scheduled 25-minute slot Saturday at the National Railroad Construction & Maintenance Association Conference. Rest assured the audience did […]
BNSF Railway led the big six Class I railroads in growth in 2021, a year in which rail volume rebounded from the pandemic-related lows of 2020 yet struggled to overcome kinks in the global supply chain. BNSF’s traffic was up 7.4% for the year, with intermodal surging 8.3% and coal up nearly 11%. CSX Transportation […]
WASHINGTON – Amtrak and Massachusetts transportation officials have asked federal regulators to impose conditions that would protect current and future passenger and commuter service in the Bay State as part of CSX Transportation’s proposed acquisition of Pan Am Railways. Their comments were among those filed yesterday, the Surface Transportation Board’s deadline for receiving briefs regarding […]
WASHINGTON – CSX Transportation has ironed out a wrinkle in its proposed acquisition of New England regional Pan Am Railways by reaching an agreement with Vermont Rail System and the Vermont Agency of Transportation. In exchange for a combination of new trackage rights, haulage rights, and interchange agreements, Vermont Rail System and Vermont transportation officials […]
