CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.
October 16, 2015Business, Logistics
CSX to Cut 300 Jobs as Coal Freight Drops
Business, Logistics
J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips
J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.
October 14, 2015Business, Logistics
Broken Rail Caused CSX Derailment in West Virginia, Officials Say
The Department of Transportation's Federal Railroad Administration said the Feb. 16 derailment in Mount Carbon, West Virginia, was caused by a rail defect that was  overlooked during two inspections.
October 9, 2015Business, Logistics
Two US Railroads Advance Intermodal Projects
CSX Corp. and Kansas City Southern have announced new facility advancement projects that are intended to handle more truck/rail freight.
August 3, 2015Business, Logistics
CSX Reports 11% 1Q Earnings Increase
CSX Corp. reported first-quarter earnings rose 11% from a year ago, while Norfolk Southern Corp. said its first-quarter profit will be down about 15% from the first quarter of 2014.
April 15, 2015Business, Logistics
Supreme Court Reverses Railroads' Appeals Court Win
The U.S. Supreme Court reversed a ruling that offered railroads the prospect of a multimillion-dollar victory in a dispute over the different fuel taxes the states impose on trains, trucks and cargo ships.
March 4, 2015Business, Logistics
CSX Names Oscar Munoz as President
CSX Corp. said its board of directors unanimously elected Oscar Munoz as president, effective immediately, and that he will remain chief operating officer.
February 12, 2015Business, Logistics
CSX Profit Meets Estimates as Crude-by-Rail Fallout Looms
CSX Corp. matched analysts’ profit estimates as the U.S. economic recovery boosted demand for consumer goods moved by rail while crude shipments kept growing amid the global rout in prices.
January 14, 2015Business, Logistics
Alabama Fuel-Tax Exemption Discriminates Against Rails, CSX Tells Supreme Court
WASHINGTON — The Supreme Court last week heard arguments in a case that could cost some states millions of dollars in lost fuel-tax revenue and allow railroads to pay less for fuel than truckers.
December 15, 2014Business, Logistics
CSX's Income Rises to $509 Million
CSX’s net income increased to $509 million, or 51 cents a share, from $455 million, or 45 cents, a year earlier.
October 15, 2014