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. 

04 Mar 2015
The Port of Virginia said Wednesday that a hold is still in place on all export intermodal rail traffic at its Norfolk International Terminals as the port continues to cope with significant rail volume at the facility.
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.
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.