CSX Corp. News Updates

Railroad

BusinessLogistics

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
GovernmentBusinessLogisticsTCA

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
Business

CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves

Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.

July 22, 2019
Business

CSX Reports Record 1Q Results on Strong Volume Growth

CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs.

April 17, 2019
GovernmentBusinessLogisticsTCA

Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project

Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.

March 5, 2019
BusinessLogisticsTCA

CSX Sues Norfolk Southern, Short-Line Railroad Over Alleged Monopoly

NORFOLK, Va. ­­— CSX Transportation Inc. is suing Norfolk Southern Railway and the Chesapeake-based Norfolk & Portsmouth Belt Line Railroad, alleging that they have conspired to create a monopoly at Norfolk International Terminals by essentially boxing out CSX at the Port of Virginia’s largest container facility.

October 9, 2018
Business

CSX Profit Jumps to $877 Million

CSX Corp. reported second-quarter net earnings of $877 million, or $1.01 a share, a rise of 72% from net earnings of $501 million, or 55 cents a share, in the same period a year ago.

July 17, 2018
GovernmentBusiness

CSX to Open Hub in Eastern North Carolina

North Carolina Department of Transportation officials announced June 28 that they have reached an agreement with CSX Corp. to build a new intermodal transportation facility in Edgecombe County.

June 29, 2018
BusinessSafetyLogistics

CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing

CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.

June 12, 2018