CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year’s earnings are expected to trail 2015.
January 13, 2016BusinessLogistics
CSX to Build East Coast Intermodal Hub in North Carolina
Railroad behemoth CSX on Jan. 14 said it would make Johnston County, North Carolina, an East Coast hub for shipping and receiving cargo containers.
January 14, 2016BusinessLogistics
CSX Names Piacente to Lead Intermodal Unit
CSX Corp. named Dean Piacente as vice president of intermodal to replace William Clement, who has left the railroad, and also announced other management changes.
January 12, 2016BusinessLogistics
CSX to Cut 300 Jobs as Coal Freight Drops
CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.
October 16, 2015BusinessLogistics
J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips
J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.
October 14, 2015BusinessLogistics
Broken Rail Caused CSX Derailment in West Virginia, Officials Say
The Department of Transportation's Federal Railroad Administration said the Feb. 16 derailment in Mount Carbon, West Virginia, was caused by a rail defect that was  overlooked during two inspections.
October 9, 2015BusinessLogistics
Two US Railroads Advance Intermodal Projects
CSX Corp. and Kansas City Southern have announced new facility advancement projects that are intended to handle more truck/rail freight.
August 3, 2015BusinessLogistics
CSX Reports 11% 1Q Earnings Increase
CSX Corp. reported first-quarter earnings rose 11% from a year ago, while Norfolk Southern Corp. said its first-quarter profit will be down about 15% from the first quarter of 2014.
April 15, 2015BusinessLogistics
Supreme Court Reverses Railroads' Appeals Court Win
The U.S. Supreme Court reversed a ruling that offered railroads the prospect of a multimillion-dollar victory in a dispute over the different fuel taxes the states impose on trains, trucks and cargo ships.
March 4, 2015BusinessLogistics
CSX Names Oscar Munoz as President
CSX Corp. said its board of directors unanimously elected Oscar Munoz as president, effective immediately, and that he will remain chief operating officer.
February 12, 2015