NEW YORK — Railroads need to take advantage of their investments in positive train control, but the industry likely will move slowly toward one-person crews and autonomous operations, CSX Transportation CEO Jim Foote says. Foote likens PTC to the advent of wayside detectors and end-of-train devices that allowed railroads operate more safely, while eliminating cabooses. […]
James “Jim” Foote, CSX Transportation CEO CSX Transportation NEW YORK — CSX Transportation is leading the industry in merchandise traffic growth this year due to its faster and more reliable service, CEO Jim Foote says. “We are the leader in growing that business at about 2.5% so far this year,” Foote told an investor conference […]
TALLAHASSEE, Fla. — Florida Gulf & Atlantic Railroad will begin operating CSX Transportation’s 373-mile route across the Florida Panhandle on June 1. The new short line, owned by RailUSA, will use 20 locomotives leased from Wells Fargo. Nineteen units have been delivered, although none has yet been painted into RailUSA’s red, white, and blue paint […]
Frank Lonegro, former CSX Corp. chief financial officer CSX Corp. JACKSONVILLE, Fla. — CSX Corp. today announced the departure of executive vice president and chief financial officer, Frank A. Lonegro. Jim Foote, president and chief executive officer, said, “On behalf of the Board and all CSX employees, I would like to thank Frank for his […]
JACKSONVILLE, Fla. – CSX Corp. has appointed Farrukh A. Bezar as senior vice president and chief strategy officer. Bezar will lead the development of strategic initiatives that support CSX’s intensified focus on growth and adding value for its customers and shareholders. His appointment is effective May 29, and he will report to President and CEO […]
WASHINGTON — CSX Transportation and Norfolk Southern say their higher demurrage charges will encourage shippers to load and unload freight cars more quickly, which will reduce the number of cars online, make their networks more fluid, and ultimately improve service. But a mom-and-pop lumber yard in southern New Jersey says the charges are diverting freight […]
The Allegheny Valley Railroad will purchase lines it is currently leasing from CSX. Carload Express WASHINGTON – Pittsburgh area short line Allegheny Valley Railroad will acquire 47.5 miles of rail lines it has leased from CSX Transportation since 2003. The deal, disclosed in a regulatory filing on Wednesday, will require Surface Transportation Board approval. It would […]
CSX commemorative units Nos. 1776 and 911 at Huntington, W.Va., on April 30, 2019. Chris Anderson HUNTINGTON, W.Va. — When specially-painted CSX locomotives Nos. 1776 and 911 rolled out of the paint shop in Huntington on Tuesday, the big GE Evolution Series engines essentially ushered in a new era at the railroad, one which could […]
CSX debuted this First Responders unit on April 30, 2019. Chris Anderson CSX veterans unit No. 1776 at Huntington, W.Va., on April 30. Chris Anderson HUNTINGTON, W.Va. — CSX today released two specially painted units from its Huntington Locomotive Shop, No. 911, a first responders commemorative unit, and No. 1776, that salutes veterans. In keeping with […]
JACKSONVILLE, Fla. — CSX Transportation reported record first-quarter financial results on Tuesday as revenue gains, merchandise carload growth, and improved operations overcame flat overall traffic volume. CSX’s net income rose 20%, to $834 million, as revenue rose 5%, to $3 billion. The railroad reported earnings per share of $1.02, a 31% increase that easily topped […]
CHATTANOOGA, Tenn. — A veteran CSX Transportation employee was killed Saturday when struck by a locomotive at a Chattanooga-area yard. Allen Lowe, a 24-year CSX employee, was struck and killed about 5 p.m. Friday at Wauhatchie yard. CSX and local law enforcement are investigating, WRCB-TV reports. He was the father of two children. “Safety is […]
This NTSB diagram shows the site of the June 2017 accident that killed two CSX Transportation workers. National Transportation Safety Board WASHINGTON — The two CSX employees killed in a 2017 accident near Washington Union Station died as a result of their decision to walk on an active Amtrak track, the National Transportation Safety Board […]
