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. 

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.
09 Jul 2014
Less than five miles from the U.S. Capitol, southwest Washington, D.C., residents are waging a fierce fight against CSX Transportation’s plans to rebuild and expand a tunnel to allow the double stacking of containers.
04 Jul 2014
Hurricane Arthur appears to have had little impact on the U.S.
03 Jul 2014
U.S. surface transportation providers, ranging from railroads to trucking companies, are preparing for the approaching Hurricane Arthur.
BNSF intermodal train
29 May 2014
U.S. intermodal service doesn’t appear to have improved significantly since severe winter weather and rising traffic crippled most rail networks and disrupted shipper supply chains in the first four months of the year.
Bill Clement
12 May 2014
Bill Clement, CSX Transportation vice president, on misconceptions about intermodal's ability to reach smaller and mid-tier markets, the ease of highway-to-rail cargo conversion and CSX expansions this year.
Snow in Chicago.
02 May 2014
CHICAGO — Chicago is living up to its reputation as the nation’s transportation bottleneck.
16 Apr 2014
CSX Transportation said rail service will “gradually” improve and that it was reasonable to expect operations to return to normal by the end of June, following a harsh winter that snarled operations and created a backlog of freight.
11 Apr 2014
TUCSON, Ariz. — Intermodal service delays at Union Pacific Railway and CSX Transportation will end in roughly two to four weeks following a harsh winter that wrecked havoc on the railroads’ networks, rail representatives said at a conference on April 10.
CSX and Norfolk Southern intermodal trains
24 Jan 2014
Archrivals CSX Transportation and Norfolk Southern Railway will further their different approaches to attract truck loads to the rails this year, but it’s too soon to say which eastern railroad will dominate one of the fastest growing North American intermodal markets.
CSX intermodal hub in North Baltimore, Ohio.
16 Jan 2014
CSX Transportation told investors Thursday that it plans to expand its intermodal hub in northwest Ohio, after the railroad's intermodal traffic jumped 11 percent in the fourth quarter.
CSX train
16 Jan 2014
CSX today reported fourth quarter net income of $426 million, falling 5 percent from $449 million in the same period last year...