WASHINGTON, D.C. – Watco hopes to begin operating a pair of CSX Transportation routes in Illinois and Indiana early next month. The Decatur & Eastern Illinois Railroad will take over CSX’s Decatur Subdivision in Illinois and the neighboring Danville Secondary in Indiana on or around Sept. 6, pending regulatory approval, Watco said in a filing […]
Norfolk Southern CEO James Squires Norfolk Southern NORFOLK, Va. — There’s more than one way to run a railroad. That sums up Norfolk Southern’s response to Wall Street analysts’ questions on why it has not closed a widening operating ratio gap with its Eastern rival, CSX Transportation. NS CEO Jim Squires on Wednesday took his […]
OMAHA, Neb. — CSX Transportation’s financial turnaround — including a record-low quarterly operating ratio of 58.6 percent — may increase Wall Street pressure on the rest of the American railroad industry. Analysts compared Union Pacific’s second-quarter results with those of CSX and during the railroad’s earnings call on Thursday asked executives why UP doesn’t measure […]
CSX Transportation CEO James Foote CSX Corp. JACKSONVILLE, Fla. — CSX Transportation’s key performance metrics continued to improve in the second quarter, except for the measurement that matters most: On-time performance. Compared to a year ago, CSX’s on-time originations fell 2 points, to 83 percent, while on-time arrivals dropped 2 points, to 59 percent for […]
Late CSX Transportation CEO E. Hunter Harrison gestures during a Surface Transportation Board hearing in 2017. Harrison gained notoriety among shippers for up-ending the railroad’s intermodal network. Harrison’s successor, James Foote, says there is still more work to do. R.G. Edmonson JACKSONVILLE, Fla. — CSX Transportation is in the midst of another revamp of its […]
WASHINGTON — Watco is the winning bidder for CSX Transportation’s Decatur and Danville Secondary subdivisions in Illinois and Indiana. The Decatur & Eastern Illinois Railroad will be the new name for the 126.7 miles of track that Watco will acquire from CSX as the Class I railroad seeks to prune its network of lower-density, non-core […]
CSX Corp. Radnor Yard CSX Corp. JACKSONVILLE, Fla. — CSX Transportation will reopen the hump at Nashville’s Radnor Yard within the next few weeks. The hump was idled in July 2017 as part of the broad operational changes made by then-CEO E. Hunter Harrison, who converted eight of CSX’s 12 hump yards to flat-switching facilities […]
Rocky Mount, N.C., and vicinity Kalmbach Media/Rick Johnson State of North Carolina RALEIGH, N.C. – North Carolina will shoulder three-quarters of the cost to build a CSX Transportation intermodal terminal in Rocky Mount, N.C., state transportation and railroad officials announced today. “This facility will make eastern North Carolina even more attractive to businesses looking to […]
A CSX Transportation train sits under the Washington Street bridge in Cumberland, Md., after striking it Thursday, June 21, 2018. The train also struck the Fayette Street bridge. The extent of damage to the bridges was not immediately clear to bystanders. Cumberland Times-News/ Steve Bittner CUMBERLAND, Md. — What happens now is the big question […]
CSXT ET44AH No. 3440 with its new ‘Spirit of Ravenna’ logo on display during Franklin Park (Ill.) Days on June 8, 2018. Marshall W. Beecher RAVENNA, Ky. – In recognition of CSX Transportation’s recent partnership with the Kentucky Steam Heritage Corp., in Ravenna, Ky., the Class I railroad has placed a special Sprit of Ravenna […]
CSXT AC6000CW No. 698 leads a 150-car coal train out of Alleghany Tunnel into Virginia as its passes Chesapeake & Ohio’s A Cabin in April 2011. Chase Gunnoe JACKSONVILLE, Fla. – After several vacant stations and interlocking towers have been demolished on CSX Transportation rights-of-way, the Class I railroad has said that it is addressing […]
CSX ES40DC No. 5339 leads container train Q156 east through Little Falls, N.Y., on CSX’s former Conrail main line in April 2017. Stu Noelte NEW YORK – CSX Transportation is likely to set service-measurement records in the second quarter as the railroad continues to refine its operations, Chief Financial Officer Frank Lonegro says. “It’s really […]
