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Oct
04

CSX to serve new Georgia-Pacific plant in Tennessee

Rail News Home CSX Transportation 10/4/2022 Rail News: CSX Transportation
A rendering of Georgia-Pacific's 900,000-square-foot plant, which will be served by CSX. Photo – Georgia-Pacific

Georgia-Pacific has chosen a CSX rail-served site in Jackson, Tennessee, to locate a new Dixie® paper products manufacturing plant.

The company will invest more than $425 million in the state-of-the-art facility, which will increase the supply of disposable tableware products. Construction is set to begin by 2022’s end and startup is slated for summer 2024, Georgia-Pacific officials said in a press release.

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Oct
04

CSX to serve new Georgia-Pacific plant in Tennessee

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Oct
03

CSX donates $200,000 to hurricane recovery efforts

Rail News Home CSX Transportation 10/3/2022 Rail News: CSX Transportation
CSX Corp. will contribute $200,000 to support relief and recovery efforts underway in the Florida and South Carolina communities affected by Hurricane Ian.Based in Jacksonville, Florida, the Class I will donate $150,000 to the American Red Cross to support relief efforts in Florida and South Carolina, while $50,000 will go to Florida's Disaster Fund.The Red Cross is providing safe shelter, food and health services to families who lost their homes and belongings. Florida’s Disaster Fund assists Florida's communities as they respond to and recover during times of emergency or disaster by distributing funds to service organizations in impacted communities."CSX cares deeply about the communities where we operate and our thoughts are with all those in Florida and South Carolina that have been impacted by Hurricane Ian," said CSX President and CEO Joe Hinrichs in a press release.

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Oct
03

CSX donates $200,000 to hurricane recovery efforts

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Sep
28

CSX scores high on sustainability; revives Santa Train

Rail News Home CSX Transportation 9/28/2022 Rail News: CSX Transportation
CSX achieved a score in the 93rd percentile on the S&P Global 2022 Corporate Sustainability Assessment. Photo – csx.com

CSX announced yesterday it has achieved a score in the 93rd percentile on the S&P Global 2022 Corporate Sustainability Assessment.

The assessment scores are used by companies to benchmark their environmental, social and governance (ESG) performance against other companies, as well as to measure their own progress, CSX officials said in a press release. CSX has been included in the index since 2011.

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Sep
28

CSX scores high on sustainability; revives Santa Train

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Sep
15

CSX: Foote to retire; Hinrichs named president, CEO

Rail News Home CSX Transportation 9/15/2022 Rail News: CSX Transportation
Joseph Hinrichs Photo – CSX

CSX Corp. today announced Joseph Hinrichs will succeed James Foote as president and CEO when Foote retires Sept. 26 as part of a planned succession process.

Foote will continue to work with the company through March 31, 2023, as an adviser to facilitate a seamless leadership transition, CSX officials said in a press release.

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Sep
15

CSX: Foote to retire; Hinrichs named president, CEO

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Jul
21

CSX reports higher revenue, earnings in Q2

Rail News Home CSX Transportation 7/21/2022 Rail News: CSX Transportation
CSX yesterday reported it achieved higher operating revenue and net income in second-quarter 2022 compared with the same period in 2021.Net income in Q2 2022 rose to $1.178 billion, or 54 cents per share, compared to $1.173 billion, or 52 cents per share, a year ago. Operating income inched up 1% to $1.7 billion.Revenue climbed 28% to $3.82 billion in the quarter, due to higher revenue in nearly all markets driven by pricing gains, fuel surcharge and the addition of Quality Carriers, a North American provider of bulk liquid chemicals truck transportation. CSX posted an operating ratio (OR) of 55.4%, up from 43.4% a year ago. The higher OR included the effects of lower real estate gains, the acquisition of Quality Carriers and higher fuel prices.Also, the Q2 results included $18 million of expense related to the acquisition of Pan Am Railways and a $122 million gain (4 cents per share after tax) from property sales recognized from the 2021 agreement with Virginia. Second-quarter 2021 results included a $349 million gain (12 cents per share after tax) from the same agreement."I am very proud of CSX’s entire team of employees, which now includes Pan Am railroaders, for their hard work and dedication over this quarter,” said CSX President and CEO James Foote in a press release. "Though volatile commodity prices and persistent inflation have added uncertainty to the economy, our efforts remain focused on adding the resources needed to deliver improvements in our network performance, lift customer satisfaction and develop new rail service solutions to drive meaningful growth over the long term," Foote added.

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Jul
21

CSX reports higher revenue, earnings in Q2

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Jul
12

CSX issues 2021 ESG report

Rail News Home CSX Transportation 7/12/2022 Rail News: CSX Transportation
The 2021 ESG report includes information on CSX's progress toward 2030 environmental goals. Photo – csx.com

CSX yesterday released its 2021 environmental, social and governance (ESG) report on the company’s economic, workforce, environmental, social and governance performance.

The report details progress made against CSX's 2030 environmental goals, including achieving a 15.6% reduction in Scope 1 and 2 emissions intensity since 2014 and piloting alternative fuels and engine enhancements to reduce fuel burn and overall emissions from locomotives.

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Jul
12

CSX issues 2021 ESG report

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Jun
23

CSX kicks off Chicago intermodal yard expansion project

Rail News Home CSX Transportation 6/23/2022 Rail News: CSX Transportation
Construction on the new intermodal facility began in April. Photo – csx.com

CSX and Chicago officials earlier this week held a groundbreaking ceremony for an expansion of the 63rd Street intermodal container storage yard.

The more than $25 million facility, expected to begin operations in December, will provide additional options for manufacturers and distributors throughout the region, CSX officials said in a press release.

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Jun
23

CSX kicks off Chicago intermodal yard expansion project

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Jun
21

CREATE Program wraps up Argo Connections project

Rail News Home CSX Transportation 6/21/2022 Rail News: CSX Transportation
The Argo Connections (B9) project is the 32nd to be completed under the CREATE Program. Photo – createprogram.org

CSX, Chicago, Illinois state and federal officials last week gathered to mark the completion of the Argo Connections, the 32nd project to be completed of the 70 that are part of the Chicago Region Environmental and Transportation Efficiency (CREATE) Program.

Known as CREATE project B9, the Argo work involved the construction of a new double-track connection and crossovers — switches that allow trains to pass one another, rather than waiting behind one another — between the Belt Railway Co. of Chicago (BRC) and Indiana Harbor Belt Railroad (IHB)/CSX line at Archer Avenue and 63rd Street.

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Jun
21

CREATE Program wraps up Argo Connections project

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Jun
01

CSX wraps up Pan Am acquisition

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May
31

CSX inducted into Climate Leadership Hall of Fame

Rail News Home CSX Transportation 5/31/2022 Rail News: CSX Transportation
CSX announced last week its induction into the Climate Leadership Awards Hall of Fame for its commitment to increasing sustainability and lowering carbon emissions.The Class I is part of the first-ever class of 29 companies and organizations to be inducted into the CLA Hall of Fame. To earn the honor, inductees needed to receive at least two Climate Leadership Awards across multiple categories over the past decade, CSX officials said in a press release.CSX is the only railroad recognized as an honoree. The induction ceremony celebrated the Class I and other inductees at the Climate Leadership Conference in Washington, D.C., May 24-26.The Class I most recently earned a 2021 CLA for greenhouse gas (GHG) emissions reduction goal-setting. The Center for Climate and Energy Solutions (C2ES) and The Climate Registry, which presented the awards, cited CSX's goal to reduce Scope 1 and 2 emissions intensity by 37.3% from 2014 to 2029 — an absolute emissions reduction of 2.5% annually — as part of the reason for the award. CSX also earned a CLA in 2013 recognizing its 8% voluntary reduction of GHG emissions intensity since 2007."In the past decade, these companies, organizations and individuals have helped raise the bar time and again — betting on themselves to succeed," said C2ES President Nathaniel Keohane in a press release regarding the honorees.

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May
31

CSX inducted into Climate Leadership Hall of Fame

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May
19

CSX included on 'Best Corporate Citizens' list

Rail News Home CSX Transportation 5/19/2022 Rail News: CSX Transportation
CSX was named to 3BL Media's annual 100 Best Corporate Citizens ranking, which recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies.The ranking is based on 155 ESG factors across eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society and ESG performance.Using a methodology developed by 3BL Media, all Russell 1000 Index companies are researched by ISS ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee for companies to be included in 100 Best Corporate Citizens.CSX ranked 64th on the list."Having earned top 100 scores in the categories of climate change, ESG performance, governance and more, our team of transportation experts takes pride in providing excellent service to our customers while being a good neighbor by operating responsibly, generating economic opportunities and giving back to communities along CSX's network," said CSX spokesperson Sheriee Bowman in an email.The full list of 100 companies can be viewed here.

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