CSX Corp. News Updates

Railroad

Government, Business, Top 100, TCA

CSX Plan to Buy Pan Am Railways Rejected

SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.

June 7, 2021
Business, Logistics, Top 100

CSX to Acquire Quality Carriers

Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.

May 12, 2021
Business, Technology

CSX Reports Mixed Q1

CSX Corp. reported lower first-quarter income and revenue compared with 2020, officials for the Class I railroad said April 20.

April 21, 2021
Business

CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic

CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21.

January 25, 2021
Business, Logistics, TCA

CSX Agrees to Buy New England’s Pan Am Railways

CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.

December 2, 2020
Business, Logistics

CSX Reports Lower Q3 Net Income, Revenue

CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.

October 22, 2020
Business

CSX Earnings Slump in Q2 Amid COVID-19 Pandemic

CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.

July 27, 2020
Business, Logistics

CSX Reports Declines in First-Quarter Earnings, Revenue

CSX Corp. on April 22 announced a first-quarter earnings drop of 8% to $770 million, or $1 per share, compared with $834 million, or $1.02, in the same quarter of 2019.

April 27, 2020
Government, Business, Logistics, TCA

Proposed Cargo Hub for N.Y. Town Faces More Delays

The Manlius town planning board this week urged “great caution” as town officials consider how a proposed rail-and-truck cargo hub near the CSX rail yard would affect traffic on Fremont and Kirkville roads.

February 14, 2020
Business

CSX Sets Operating Ratio Record in Q3 Results

CSX Corp. on Oct. 17 announced third-quarter profit of $856 million compared with $894 million in the same quarter of 2018, but beat Wall Street expectations and in the process set a record for operating ratio for a U.S. railroad.

October 17, 2019