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. 

28 Aug 2015
South Florida ports are readying themselves for gale force winds and a downpour of rain as Tropical Storm Erika prepares to make landfall in the Sunshine State this Monday.
15 Jul 2015
CSX Transportation is recovering after losing domestic intermodal business to the trucking sector in 2014, railroad executives said on an earnings call Wednesday.
15 Jul 2015
CSX Transportation surprised Wall Street and industry analysts, posting all-time record high second quarter earnings, but they were clear: The railroad won’t be as fortunate next quarter.
13 Jul 2015
The profit train U.S-based Class I railroads have been riding is slowing, resulting in expectations for solid but unspectacular profit reports for the second quarter, according to industry analysts.
11 May 2015
CSX Transportation unveiled a new intermodal terminal just outside of Montreal Monday, giving the Jackonsville, Fla.-based railway easy access to the Eastern Canadian market.
15 Apr 2015
Shippers’ frustration with West Coast port congestion might end up delivering more international intermodal volume growth to CSX Transportation over the coming years, but clogged marine terminals on the opposing coast dragged its total intermodal traffic growth to a crawl in the first quarter.
14 Apr 2015
CSX Transportation profit in the first quarter rose 11 percent year-over-year to $442 million, as strong pricing power helped offset weak intermodal volume growth. Revenue in first three months of year was flat at $3 billion compared to the same period a year ago.
25 Mar 2015
U.S. shippers’ potential shifting of imports from the West Coast to the East Coast would give the major eastern railroads more business, but how much the railroads will actually benefit depends on how much of the cargo is destined for the Midwest.
CSX Intermodal operation
24 Mar 2015
Fierce late winter weather dealt a blow to U.S. railroads’ efforts to restore intermodal rail service to the level shippers enjoyed before the 2013-2014 winter dragged down performance.
CSX North Baltimore, Ohio, intermodal hub
23 Mar 2015
The recent installation of the second of two wide-span gantry cranes at its intermodal hub in northwest Ohio, completing a $40 million expansion, is the latest sign of how the hub-and-spoke model of CSX Transportation, which gives shippers more origins and destinations, is paying off.
15 Feb 2015
CSX Transportation has warned that the strike by more than 3,000 Canadian Pacific Railway locomotive engineers and conductors could affect shipments to and from Canada.
12 Feb 2015
CSX Transportation’s chief operations officer, Oscar Munoz, has taken on role of president at the railroad from Michael Ward, who will remain CEO and chairman, after the company’s board of directors voted for the changes Wednesday.