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CSX named best place to work for disability inclusion

Rail News Home CSX Transportation 7/19/2019 Rail News: CSX Transportation
image The Class I scored 100 percent on the 2019 Disability Equality Index.Photo – CSX Facebook

CSX has been recognized as a "Best Place to Work for Disability Inclusion" by Disability:IN and the American Association of People with Disabilities (AAPD).

The Class I scored 100 percent on the 2019 Disability Equality Index (DEI), which serves as the nation's most comprehensive annual benchmarking tool on disability inclusion efforts in the areas of culture, leadership, enterprise-wide access, employment practices and community engagement, according to the Disability:IN website.

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CSX posts Q2 revenue decline, adjusts 2019 outlook

CSX's second-quarter revenue fell 1 percent to $3.06 billion compared with the previous year's quarter, as merchandise growth was offset by intermodal weakness, the Class I announced yesterday.

The railroad posted Q2 net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same quarter last year, CSX officials said in a press release.

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CSX recognized for 'Responsible Care' protocols

Rail News Home CSX Transportation 7/9/2019 Rail News: CSX Transportation
image CSX has received the American Chemistry Council's Responsible Care Management certification, the Class I announced last week.The certification was granted to recognize the railroad's health, safety, security and environmental policies and protocols, CSX officials said in a press release.To qualify for certification, independent auditors examine CSX's public safety, health and environment management system to ensure its effectiveness and compliance with the American Chemistry Council's responsible care standards.CSX first received the chemistry council's certification more than 20 years ago, said Raghu Chatrathi, senior director of public safety, health and environment for CSX."It is a testament to CSX’s longstanding commitment to health, safety, security, environmental sustainability and process excellence in the responsible management of company facilities and shipment of hazardous materials across our network," Chatrathi said.

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CSX to speed up trains on Alabama-Georgia line

Rail News Home CSX Transportation 5/30/2019 Rail News: CSX Transportation
image Effective June 1, CSX will increase the authorized freight train speed from 25 mph to 40 mph at multiple locations on its line from Alabama to Georgia.Photo – CSX Facebook

Effective June 1, CSX will increase the authorized speed of freight trains by 15 mph at multiple locations on its line from Montgomery, Alabama, to Waygross, Georgia. 

The increase from 25 mph to a maximum 40 mph will help reduce wait times for motorists at highway-rail intersections and improve the efficiency of rail operations, CSX officials said in a press release. 

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Lonegro departs CSX; Boone named interim CFO

Rail News Home CSX Transportation 5/29/2019 Rail News: CSX Transportation
image CSX Corp. announced yesterday that Executive Vice President and Chief Financial Officer Frank Lonegro has left the company. Vice President of Marketing and Strategy Kevin Boone will serve as interim CFO, company officials said in a press release.CSX President and Chief Executive Officer Jim Foote thanked Lonegro for his leadership and contributions to the Class I for 19 years. Since joining CSX in 1999, Lonegro served stints as president of CSX Technology, vice president of mechanical, VP of internal audit and associate general counsel."Over the last few years, Frank has played a key role in helping create significant value for CSX shareholders," Foote said.Lonegro stated: "It has been a distinct privilege to work alongside the great professionals at CSX, especially through the recent transformation, which has set the company on an unparalleled path to success.”CSX has initiated a search for Lonegro's replacement, with Boone serving in the role until a permanent CFO is named.Boone joined CSX in September 2017 as VP of corporate and chief investor relations officer. Most recently as VP of marketing and strategy, Boone led a new marketing team focused on fundamental market research and data analysis to identify and advance high-priority growth strategies, CSX officials said.

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