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. 

18 Nov 2016
A new intermodal container transfer facility at the port of Jacksonville is positioning the Florida gateway to move more cargo to the US Midwest.
19 Jul 2016
CSX Transportation and the state’s port authority on Tuesday detailed two new projects there aimed at fueling more cargo through the ocean gateway and onto the rails, and vice versa.
14 Jul 2016
Efforts to attract new intermodal business were not enough to slow the loss of volume and profit at CSX Transportation.
Investments in CSX Transportation's “hub-and-spoke” strategy coming online this year will increase container velocity through the railroad's network.
05 Jul 2016
The Jacksonville, Florida-based railroad is reporting significant improvements in its train velocity and availability, both indicators of service, and it is investing $1 billion into its overall rail network.
05 May 2016
The Port of Baltimore is hoping a $425 million fix to a low-slung freight tunnel will help jump-start a surge in business.
13 Apr 2016
CSX Transportation offered a dim outlook for intermodal volume growth Wednesday, after the company said declines in international business in the first quarter offset domestic gains and are expected to continue to hamper domestic volume growth in the year ahead.
03 Mar 2016
Canadian Pacific Railway has officially requested U.S. rail regulators speed along an official review vetting the viability of its proposed merger with Norfolk Southern Railway in time for an NS shareholder meeting this spring.
01 Feb 2016
CSX Transportation says it remains committed to its planned North Carolina intermodal terminal, even after local and state officials nixed the project’s original construction site outside Raleigh.
14 Jan 2016
A proposed $272 million CSX Transportation intermodal hub would give shippers using the Port of Wilmington better access to the fast-growing markets of Charlotte, Raleigh and the Research Triangle, along with the entirety of the CSX network.
13 Jan 2016
Just as Class I railroads announce service has finally recovered to 2013 levels, harsh winter weather is testing their improved train speeds and dwell times.
13 Jan 2016
CSX Transportation forecasts flat intermodal growth in the first quarter, as the loss of international intermodal business to Norfolk Southern Railway is expected to offset domestic volume increases gained from highway conversions and a key customer shifting loads away from its U.S. Eastern rail archrival.
12 Jan 2016
With weaker carload volume due to lagging industrial and energy sectors and intermodal revenue despite volume growth, CSX Transportation’s release of its fourth quarter earnings Tuesday sent a warning to the Class I industry.