CSX Transportation

CSX Transportation

CSX Transportation is a U.S. Class I railroad serving major markets in the eastern United States with a rail network of 21,000 route miles in 23 states, the District of Columbia, and the Canadian provinces of Ontario and Quebec.The company has more than 31,000 employees and provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. The company reported 2013 revenue of $12 billion, up 2.2 percent year-over-year. The railroad also reported a net income of $1.86 billion, consistent with the previous year’s net income which was also $1.86 billion.

The Jacksonville, Florida-based railroad was formed in 1986 through the merger of the Chessie System (parent of the Chesapeake & Ohio Railway, the Baltimore & Ohio Railroad, and the Western Maryland Railway) and the Seaboard System Railroad Inc. (parent of Louisville & Nashville, Seaboard Coast Line, and Clinchfield).

Despite the disruptive winter delays, CSX broke quarterly records for domestic intermodal volume growth and total intermodal traffic gains in the first quarter of 2014. Total intermodal volume in the first quarter rose 5 percent year-over-year to 647,000 units, thanks to a 7 percent jump in domestic traffic and a 3 percent rise in international volume.

CSX Transportation recorded revenue of $3.24 billion in the second quarter of 2014, up 7 percent from year-earlier revenue of $3.04 billion. 2014 half-year was $6.26 billion, up 4 percent from the previous year. The company achieved a net income of $927 million at half-year, a 5.7 percent decrease year-over-year. 

17 Dec 2014
Montreal area shippers will now have improved access to the intermodal network of CSX Transportation after the railroad opened a $100 million terminal near Montreal at Salaberry-de-Valleyfield, Quebec.
12 Nov 2014
WASHINGTON — A group opposing the reconstruction of a CSX Transportation tunnel in a Washington D.C. terminal that would allow the railroad to double-stack containers has filed a lawsuit challenging a federal decision to let the project proceed.
07 Nov 2014
The Federal Highway Administration has approved a preferred construction alternative for CSX’s Virginia Avenue Tunnel project, paving the way for the 110-year-old, 4,000-foot tunnel to be reconstructed for double-stacking container services after intense pushback from local residents.
07 Nov 2014
With the U.S. Weather Service forecasting a polar vortex will hit the eastern half of the country next week, a CSX executive said the railroads will be better prepared this year to operate in harsh winter conditions than they were last winter.
07 Nov 2014
The activist investor who wrestled control of Canadian Pacific Railway in 2012 reignited speculation that the Calgary-based railroad would acquire a U.S. counterpart by suggesting Norfolk Southern Railway might be the next target.
29 Oct 2014
A manufacturer of custom office furniture is investing $17 million to establish a Virginia distribution center at the CenterPoint Intermodal Center in Suffolk, a boost for the Port of Virginia and CSX Transportation and another sign of growing momentum for inland ports served by rail.
Railroad crossing
27 Oct 2014
Canadian Pacific Railway CEO E. Hunter Harrison sees railroad consolidation as possible and a way to greatly improve service, but the majority of his Class I counterparts aren’t on board.
24 Oct 2014
Western Pennsylvania intermodal shippers will soon get better access to CSX Transportation’s network when the railroad opens a Pittsburgh terminal, allowing it to better compete with its archrival, Norfolk Southern Railway, in the market.
20 Oct 2014
Canadian Pacific said its exploratory discussions with CSX Corp. about a possible merger have ended and that no further talks are planned.
16 Oct 2014
The U.S. Surface Transportation Board is pressuring Canadian Pacific Railway to better explain how it will address service issues.
CSX Transportation
15 Oct 2014
CSX Transportation expects growth in domestic intermodal for many years ahead, driven in particular by highway-to-rail conversions.
14 Oct 2014
Intermodal shippers using CSX Transportation and Canadian Pacific Railway would see few benefits if the two railroads merged, and could risk a short-term deterioration in service if operations were meshed.