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. 

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.
02 Feb 2015
Avondale Partners sees higher over-the-road pricing ahead for shippers, but still expects some freight to shift from intermodal rail to truck as fuel prices and surcharges plummet, cutting into total trucking costs.
30 Jan 2015
A key metric of U.S. intermodal rail service continues to show improvement even as volume builds, giving shippers a better shot of seeing the level of service they saw in 2012-2013 as soon as the spring.
Norfolk Southern in the snow
27 Jan 2015
Railroads and trucking companies said shipping delays would be unavoidable Tuesday in the wake of severe winter weather that dropped as much as 2 feet of snow in some corners of the Northeast.
16 Jan 2015
Barring a relapse of intermodal service woes, few shippers are expected to shift their freight back to trucking
14 Jan 2015
CSX Transportation doesn’t think lower fuel prices for over-the-road trucking will derail its growing intermodal business.
14 Jan 2015
The potential impact of a U.S. West Coast port lockout on intermodal service - should it come to that - varies by expert but analysts agree that the railroads will act fast and decisively if it does occur.
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.