Railroad News

CSX reports 'strong performance' in Q3

CSX Corp. yesterday reported third-quarter net earnings jumped 95 percent to $894 million, or $1.05 per share, from $459 million, or 51 cents per share, in the same period a year ago. The per-share earnings beat analysts' estimates for the quarter.

CSX's operating ratio of 58.7 percent set a company third-quarter record. A year ago, CSX posted a third-quarter operating ratio of 68.4 percent.

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CSX-served Florida business park completes first phase

Rail News Home CSX Transportation 10/12/2018 Rail News: CSX Transportation
image The planned-unit development industrial site features a 4,000-foot CSX siding.Photo – floridacommercepark.com

Skyfarm Strategic Capital yesterday announced completion of the first phase of development on its rail-served Florida Commerce Park in Indiantown, Florida.

Located along State Road 710, the planned-unit development industrial site features a 4,000-foot CSX siding. The first phase involved grandfathering all entitlements and completion of horizontal infrastructure, including site work and grading, irrigation, and electrical and fiber optic work.

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James Foote keeps the changes coming at CSX, with the intermodal franchise a fresh focus

Foote is striving to ensure precision scheduled railroading is well executed each day.Photo – CSX Corp.

By Jeff Stagl, Managing Editor

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Report: CSX sues NS, short line over port terminal business

Rail News Home CSX Transportation 10/10/2018 Rail News: CSX Transportation
image The case alleges NS and the short line boxed out CSX from serving Norfolk International Terminals.Photo – Port of Virginia, NIT camera

CSX has filed a lawsuit against Norfolk Southern Railway and Norfolk & Portsmouth Belt Line Railroad (NPBL), alleging the Class I and short line have conspired to create a monopoly at the Port of Virginia's largest container facility, a local newspaper has reported.

Filed in Norfolk federal court, the case alleges NS and the short line boxed out CSX from serving Norfolk International Terminals (NIT), The Virginian-Pilot newspaper reported Oct. 8. The case names as defendants three NS vice presidents and the president of the Belt Line.

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CSX Chair Kelly to retire; Zillmer elected successor

CSX Corp. announced late last week that Chairman Edward Kelly III will retire in January after the company releases its fourth-quarter 2018 earnings.

The board elected John Zillmer chairman, effective upon Kelly's retirement.

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