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. 

15 Sep 2016
Billed as the “Mid-American Arc,” the GPA’s rail-focused initiative will allow the port to better serve markets from Atlanta to Memphis, St. Louis, Chicago, and the Ohio Valley.
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.
12 Jan 2016
Bill Clement, head of CSX Transportation’s intermodal business, will be leaving the company, as part of a second wave of management changes.
06 Jan 2016
CSX Transportation and Ports America Chesapeake have signed an agreement handing management of the Port of Baltimore's intermodal container transfer facility to Ports America.
12 Dec 2015
BNSF Railway is flirting with the idea of a potential CSX Transportation or Norfolk Southern Railway acquisition as Canadian Pacific aims to acquire the latter railroad, potentially setting off a wave of consolidation in the Class I industry.
07 Dec 2015
At least two Class I railroads are cracking down on how long shippers can keep their containers and trailers at intermodal terminals via shorter free-time windows — and one of the railways has hiked storage fees — in an effort to improve network velocity.
26 Oct 2015
CSX Transportation will launch a new domestic intermodal rail service next week connecting the Ohio Valley to Pennsylvania and Texas in a bid to compete directly with the railway’s over-the-road competitors.
14 Oct 2015
CSX Transportation won back cargo lost to over-the-road competitors and made modest intermodal gains in the third quarter, but it was still not enough to stem the flow of money out of the company.
South Carolina inland port at Greer
16 Sep 2015
astman Chemical is avoiding hundreds of 300-mile round truck trips a month to the Port of Charleston by loading them at the inland port in Greer, South Carolina.