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. 

24 Oct 2014
Western Pennsylvania intermodal shippers will soon get better access to CSX Transportation’s network when the railroad opens a Pittsburgh terminal, allowing it to better compete with its archrival, Norfolk Southern Railway, in the market.
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.
16 Oct 2014
The U.S. Surface Transportation Board is pressuring Canadian Pacific Railway to better explain how it will address service issues.
CSX Transportation
15 Oct 2014
CSX Transportation expects growth in domestic intermodal for many years ahead, driven in particular by highway-to-rail conversions.
14 Oct 2014
Intermodal shippers using CSX Transportation and Canadian Pacific Railway would see few benefits if the two railroads merged, and could risk a short-term deterioration in service if operations were meshed.
13 Oct 2014
CSX has rebuffed an overture from Canadian Pacific Railway about a merger or acquisition that would reshape North America’s transportation map by creating the continent’s largest rail network.
Railroad tracks
08 Oct 2014
Following months of service problems and public hearings, the U.S. Surface Transportation Board will require all Class I railroads to issue weekly performance metrics in areas including train speed, terminal dwell times, train delays and others.
06 Oct 2014
A new survey of U.S. shippers suggests poor U.S.
29 Aug 2014
The attempt by CSX Transportation and the Port of Baltimore to gain double-stack container service to and from the port took a major hit Thursday after the state of Maryland withdrew funding for a planned intermodal terminal.
Intermodal train
22 Aug 2014
The U.S. rail regulatory agency is asking the seven major U.S. and Canadian railroads, along with short lines, to explain how they will handle the expected surge of intermodal traffic, noting the situation has been “challenging.”
12 Aug 2014
Despite the loss of a refrigerated rail pioneer, other operators say they are still growing and that they’re better shielded from poor rail performance than Cold Train was.
First Half in Review
01 Aug 2014
The first half of 2014 saw the start of several stories that JOC.com will most likely be covering for the next year and perhaps beyond.