Skip to main content
Apr
20

CSX posts revenue, earnings growth in Q1

Rail News Home CSX Transportation 4/20/2017 Rail News: CSX Transportation
CSX Corp. announced first-quarter net income rose 2 percent to $362 million, or 39 cents per share, from $356 million, or 37 cents per share, in the same period a year ago.Excluding a $173 million restructuring charge in this year's first-quarter results, adjusted earnings were 51 cents per share, according to a CSX press release.Revenue for the quarter climbed 10 percent to $2.87 billion compared with $2.6 billion in second-quarter 2016. The revenue growth was attributed to volume growth across most markets, overall core pricing gains, increased fuel recovery and favorable mix, CSX officials said.Although the $173 million restructuring charge drove a 13 percent year-over-year increase in expenses for the quarter, the railroad posted $123 million in efficiency savings. Looking ahead, the railroad will continue to focus on improving asset utilization to achieve operations efficiency and reducing cost structuring, company officials said.Today's earnings call with investors was the first time E. Hunter Harrison discussed quarterly results as CSX president and chief executive officer. Harrison left Canadian Pacific earlier this year to lead CSX."I am pleased to join the CSX team and working together we are going to make this company the best North American railroad, capable of consistently meeting and exceeding the expectations of our customers and our shareholders," said Harrison in the press release. "As the business environment continues to improve and we implement Precision Scheduled Railroading, CSX will realize these objectives while driving volume growth and achieving a new level of financial performance."CSX's second-quarter volume outlook is favorable due to anticipated growth in most markets. The company maintains a favorable outlook in the second quarter for agriculture and food, export coal, fertilizers, forest products, intermodal and minerals; a neutral outlook for automotive, chemicals, metals and equipment; and an unfavorable outlook for domestic coal. Contact Progressive Railroading editorial staff. More News from 4/20/2017

Copyright

© © Trade Press Media Group, Inc.

Apr
20

CSX posts revenue, earnings growth in Q1

4/20/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Apr
04

CSX recognizes 71 customers for safe hazmat practices

Rail News Home CSX Transportation 4/4/2017 Rail News: CSX Transportation
CSX Corp. has presented 71 customers its annual Chemical Safety Award for their commitment to the safe transportation of hazardous materials, the company announced yesterday. This marks the 23rd year for the award, which which recognizes customers who ship more than 600 carloads of hazardous materials during the year without a release due to controllable factors, company officials said in a press release.The award recognizes commitment to safe procedures, such as securing valves and closures properly and safe loading."Moving products by rail remains the safest possible surface-transportation solution, and we look forward to extending this record of safety for our customers, employees and the communities we serve," said Michael Rutherford, vice president-industrial products for CSX.Azko Nobel Chemicals Inc. and Kemira were both presented with awards for 10 years of success. In addition, five-year recognitions were given to Arizona Chemical Co. LLC, Aux Sable Liquid Products Inc., Cargill, Celanese, CHS Inc., ExxonMobil Chemical Co., Horsehead Corp., Linde LLC, MarkWest Hydrocarbon Inc., Nucor Corp.; PBF Energy Company LLC, SABIC Innovative Plastics and United Refining Co.Additional honorees included AdvanSix Inc., Americas Styrenics LLC, Arkema Inc., Ashta Chemicals Inc., BP Products North America Inc., Bunge; Canal Terminal Co., Cardinal Ethanol LLC, CF Industries, Chevron Phillips Chemical Co., Chevron Products Co., Citgo Petroleum Corp., Cornerstone Chemical Co., Covestro LLC, Eastman Chemical Co., Eco-Energy LLC, Eighty-Eight Oil LLC, Enlink Midstream Operating LP, Evonik Industries, Flint Hills Resources, Gibson Energy, Green Plains Inc., Hess Corp., Huntsman International LLC and Husky Energy.Also recognized were INEOS Nitriles, INEOS Phenol, INEOS Styrolution America LLC, Kinder Morgan, Koppers, Louis Dreyfus Commodities LLC, LyondellBassell, Marathon Petroleum Corp., Monument Chemical, The Mosaic Co., Nan Ya Plastics Corp., NGL Supply Wholesale LLC, NorFalco, NOVA Chemicals Inc., Occidental Chemical Corp., Odjfell, Olin Corp., Pacific Ethanol Inc., PotashCorp., Pembina Pipeline Corp., Philadelphia Energy Solutions, PVS Chemicals Inc., Southern States Chemical, Statoil North America Inc., Tesoro Corp., The Chemours Co., Twin Eagle Resource Management, US Ecology, Valero, Westlake Chemical Corp. and Williams Ohio Valley Midstream LLC.
  Contact Progressive Railroading editorial staff. More News from 4/4/2017

Copyright

© © Trade Press Media Group, Inc.

Apr
04

CSX recognizes 71 customers for safe hazmat practices

4/4/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Mar
31

Judge dismisses CSX lawsuit over Alabama fuel tax

Rail News Home CSX Transportation 3/31/2017 Rail News: CSX Transportation
A U.S. District Court judge has dismissed a lawsuit this week that said the state of Alabama does not discriminate against railroads by requiring them to pay a diesel fuel sales tax while trucking and barge companies are exempt.CSX and three other railroads contended in 2008 lawsuits that Alabama's 4 percent diesel fuel tax on railroads was discriminatory because the state exempts motor and water carriers from paying the tax, according to a report on AL.com.On Wednesday, U.S. District Court Judge Abdul Kallon issued a decision that said the state did not violate the Railroad Revitalization and Regulatory Reform Act of 1976. He dismissed the lawsuit by CSX, which has been through the federal court system, including the U.S. Supreme Court, for nearly a decade.CSX is reviewing the court's decision and considering other options, CSX Manager of Media Relations Laura Phelps told AL.com in a prepared statement.The three other railroads' lawsuits have been stayed pending the outcome of CSX's lawsuit, according to the news report. Contact Progressive Railroading editorial staff. More News from 3/31/2017

Copyright

© © Trade Press Media Group, Inc.

Mar
31

Judge dismisses CSX lawsuit over Alabama fuel tax

3/31/2017    

Rail News: CSX Transportation

Continue reading
Tags:
CSX

Copyright

© © Trade Press Media Group, Inc.

Mar
29

CSX to trim Stanley Yard operations, lay off 34 workers

Rail News Home CSX Transportation 3/29/2017 Rail News: CSX Transportation
CSX is reducing operations at its Stanley Yard in Toledo, Ohio, which will result in the elimination of 34 union positions, the Class I said yesterday.CSX is closing the Stanley classification hump yard as part of the company's "ongoing efforts to be more efficient and reduce operating costs," CSX spokeswoman Gail Lobin said in an email."The decision to make these reductions follows a review of Toledo-area operations," said Lobin. "CSX has determined that by changing the way rail-cars are sorted at Stanley Yard, it will be able to process trains more efficiently, which will result in better service to our customers."The yard will continue to reassemble trains with switching locomotives, which will leave about 40 employees working in Stanley, according to The Toledo Blade.The company expects 360 CSX employees will remain in the Toledo region, Lobin said.The Stanley Yard layoffs come as E. Hunter Harrison settles in as CSX's new chief executive officer. Harrison has said that his goal at CSX will be to reduce costs and increase efficiency. Contact Progressive Railroading editorial staff. More News from 3/29/2017

Copyright

© © Trade Press Media Group, Inc.

Mar
29

CSX to trim Stanley Yard operations, lay off 34 workers

3/29/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Mar
14

Project update: CSX's Virginia Avenue Tunnel

Rail News Home CSX Transportation March 2017 Rail News: CSX Transportation

The two new Virginia Avenue tunnels will converge at the new structure’s west end. A 300-foot portion of the old tunnel was demolished to accommodate work on the first new tunnel.Photo – CSX By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing EditorCSX’s multiyear effort to eliminate a major rail chokepoint and modernize aging infrastructure in Washington, D.C., has just passed the halfway point. That milestone moves the Virginia Avenue Tunnel reconstruction project a bit closer to an anticipated mid-2018 completion.The $250 million, 42-month project calls for replacing a 3,800-foot, single-track tunnel built beneath Virginia Avenue in southeast Washington more than a century ago with two larger one-track tunnels to accommodate double-stack trains. Work began in May 2015 and the first of two planned phases was completed in late 2016.Originally constructed in 1872 by the Baltimore and Potomac Railroad, the tunnel was rebuilt in 1906. The 18.7-foot-tall tunnel needs to be replaced because it’s near the end of its useful life, has cracked masonry and a deteriorating drainage system, and regularly floods during heavy rains. Plus, its single track causes extensive congestion for both freight and commuter trains.The new 4,100-foot-long, 21-foot-tall tunnels will improve the fluidity of freight and passenger trains on one of the region’s busiest rail lines; lessen the impact of freight trains on passenger-rail service by providing two-way traffic; ease highway congestion; and reduce the risk of rail service disruptions caused by flooding and other severe weather, according to CSX.The commonwealth of Virginia provided $24 million for the project, with remaining costs to be covered by the Class I. Virginia officials opted to contribute funds because state ports could gain improved freight-rail access to interior markets and truck traffic could be reduced on interstates 81 and 95, says CSX spokesman Rob Doolittle.In addition, eliminating the single-track bottleneck will help both Virginia Railway Express and Amtrak, which approach the District’s Union Station from the south on the same mainlines that extend through the tunnel, he says. The project’s first phase — a newly built southern tunnel with track — was completed in December 2016, a month ahead of schedule. CSX moved the first double-stack train through the structure two days before Christmas.A critical ‘Gateway’ componentThe entire tunnel will cap off 61 clearance projects that needed to be completed for CSX’s National Gateway, a double-stack corridor the Class I has been developing the past several years between Mid-Atlantic ports and the Midwest via an $850 million public-private partnership. The gateway provides the railroad a more efficient and environmentally friendly route for moving double-stack trains, says Chuck Gullakson, CSX’s assistant vice president-National Gateway and chief project engineer for the Virginia Avenue Tunnel reconstruction.For example, the first train that moved through the new higher southern tunnel was able to carry more containers between Portsmouth, Va., and CSX’s large intermodal terminal in North Baltimore, Ohio.“This tunnel was critical for us,” says Gullakson.Now, finishing the second phase is crucial to fully garnering the reconstructed tunnel’s benefits. Construction and engineering work for the entire project is being managed by joint venture (JV) partners Clark Construction Group LLC and Parsons Transportation Group through a design-build contract.The second phase involves demolishing the remaining sections of the existing tunnel’s roof and south wall and constructing a new 4,100-foot, cut-and-cover north tunnel; building an additional track; backfilling the trench; removing temporary bridges; and permanently relocating numerous water, sewer, electric, communications and gas utilities. Cut and cover is a construction method for shallow tunnels in which a trench is excavated and roofed over with a sturdy overhead support system.During the project’s first phase, the JV team demolished about 300 feet of the tunnel’s south wall and roof to accommodate the new south track; built the 4,100-foot, cut-and-cover south tunnel in a trench up to 50 feet deep adjacent to the existing tunnel; and completed six temporary roadway bridges to maintain ongoing north-south vehicular and pedestrian traffic.
The Virginia Avenue Tunnel covers a 10-block, heavily populated area in southeastern Washington, D.C.
(Click to view larger.) Source – CSXWhen the project’s completed in summer 2018, there will be a single two-track portal at the west end — the two tunnels will merge into one for about 300 feet due to the existing configuration of highway-bridge piers and other existing infrastructure. At the east end, the two tunnels will follow different paths to accommodate the 11th Street bridge highway piers.The tunnels will split into two structures about 1,000 feet west of the portals. Over the remaining 2,800 feet, the two separate tunnels will share a common center wall, which will be built with steel-and-concrete pilings drilled 40 to 50 feet into the ground.Underground movementThe biggest construction challenge thus far: coordinating and clearing the relocation of many utilities in a 200-year-old, densely urban environment that includes seven busy streets and hundreds of residents in a 10 city-block area, says Gullakson.Utility relocations during the first phase involved two complex interfaces with sanitary sewers and the lowering of a combined sewer by 11 feet, says Phil Sheridan, a senior vice president for Clark Construction subsidiary Clark Civil LLC. Excavation work uncovered a surprise, as well — portions of the original tunnel that were abated, but never removed from the site, when a realignment was completed in the early 1900s, he says.Utility work in the second phase will be less onerous, involving six instead of 23 relocations, says Sheridan. “But we will need to build larger temporary road bridges,” he says.The JV team also will need to continue performing work without interrupting CSX’s operations. About 20 freight trains travel through the tunnel daily, plus there are train operations adjacent to it. So, crews must perform tasks in between trains, says Sheridan. The first tunnel was built parallel to the old tunnel so trains weren’t disrupted.Phase two likely will conclude two-and-a-half months ahead of schedule, says Sheridan. As of last month — the 21st month in the 42-month schedule — major tunnel demolition work was slated to start at February’s end and concrete work in the second tunnel was pegged to begin in April.A lot of material already has been moved and many tasks have been accomplished during the project’s first half. As of Jan. 1, 20,900 truckloads of dirt had been excavated, 50,000 cubic yards of concrete had been poured and 1,913 of a required 2,250 pilings had been drilled.After the tunnels are finished, the JV team will need to complete restoration and other related work. CSX agreed to provide the following post-project neighborhood enhancements: improvements to Garfield Park; enhancements to Virginia Avenue Park, including a new dog park; a straightened alignment of Virginia Avenue SE; improved street lighting; and new green space and landscaping, with additional trees, brick sidewalks and granite curbs.Need to be a good neighborThe Class I has tried to mind residents’ concerns during construction, says Gullakson. The railroad has monitored air, noise and vibrations, logging a total of 11,312 hours for those activities as of Jan. 1. In addition, the JV team has employed a closed-trench method during tunnel construction to improve safety, implemented measures to control dust and tried to limit work hours. Pilings are being drilled instead of driven to reduce vibration, says Gullakson.In addition, since the project’s initial stages, a community office has been open to deal with local issues and the railroad has been in constant contact with residents via emails, text messages, phone calls and alerts hung on front doors, he says. As of Jan. 1, CSX had logged nearly 79,000 such contacts with locals.“We want to be the best neighbor for the community,” says Gullakson. “We try to be proactive.”CSX also has tried to employ a take-charge approach to ensuring there’s enough capacity to meet its traffic-growth goals. The new double-stack-height Virginia Avenue Tunnel should play a key role in accommodating higher intermodal flows along the National Gateway come mid-2018 and beyond, Gullakson believes.“The tunnel will be built according to our traffic needs,” he says.Email questions or comments to This email address is being protected from spambots. You need JavaScript enabled to view it.Work Performed by Major Subcontractors for Virginia Avenue Tunnel Project:•Cast-in-place tunnel and retaining walls/Tiber Creek bridge/precast erection — Clark Civil LLC, a Clark Construction Group LLC subsidiary, Bethesda, Md.•Tunnel concrete — Clark Concrete, a Clark Construction Group subsidiary, Bethesda, Md.•Excavation support — Clark Foundations, a Clark Construction Group subsidiary, Bethesda, Md.•Excavation/backfill — Metro Earthworks LLC, a division of Shirley Contracting Co. LLC, Lorton, Va.•Tunnel electricity and security — C3M Power Systems, a Clark Construction Group subsidiary, Bethesda, Md.•Roadway reconstruction — Metro Paving Corp., Hyattsville, Md.•Reinforcing installation — Wings Enterprises Inc., Washington, D.C.•Trackwork and track drainage — Delta Railroad Construction Inc., Ashtabula, Ohio•Waterproofing — AndieMac Waterproofing & Restoration, Fulton, Md.Source: CSX and JV Partners

Keywords

Browse articles on CSX Virginia Avenue Tunnel Clark Construction Group LLC Parsons Transportation Group Clark Civil LLC National Gateway intermodal railroad contracting

Contact Progressive Railroading editorial staff.

Copyright

© © Trade Press Media Group, Inc.

Mar
10

From the editor: On the new road to the new CSX of tomorrow

Rail News Home CSX Transportation March 2017 Rail News: CSX Transportation

When Canadian Pacific announced on Jan. 18 that E. Hunter Harrison would retire as CEO effective Jan. 31 so he could “pursue opportunities” at other railroads, I figured we’d be buckling up for a circuitous, if not bumpy, ride. Particularly when reports circulated that Harrison was joining with activist investor Paul Hilal and his hedge fund Mantle Ridge LP in an attempt to shake up management at CSX Corp. So far, there’ve been no bumps. The headlines have come quickly and without nuanced language:• Feb. 10: The CSX board extended the deadline to Feb. 24 to nominate directors and propose other business to be considered at its annual meeting. • Feb. 14: The CSX board called for a special shareholders meeting to seek guidance on certain Mantle Ridge/Harrison proposals, including one that would make Harrison CEO. • Feb. 21: CSX announced Chairman and CEO Michael Ward and President Clarence Gooden would retire May 31. Chief Sales and Marketing Officer Fredrik Eliasson was appointed president.• Feb. 21: CSX announced it would eliminate about 1,000 management employees “through an involuntary separation program” to be completed by mid- to late March.• Feb. 23: CSX extended the deadline for board nominations to March 10.As this issue went to press in early March, I wasn’t hearing predictions of any twists in what appears to be a new road to a new CSX of tomorrow. As Robert W. Baird & Co. Inc.’s Benjamin Hartford put it in a Feb. 27 report: “We believe all constituents remain committed to an amicable process.”Amicable doesn’t mean bump-less, so we’ll be watching and listening as the constituents commit to that process — and as strategists outside CSX amble up to the North American railroad map and think, perhaps out loud, about what’s next. Perhaps then we’ll buckle up.Innovation and filling cybersecurity gapsOn Feb. 22, Progressive Railroading and Secure Rail 2017 hosted a webcast titled “Rail Cyber Needs Innovation: How to Build a Program to Get It.” The presenter: Jim McKenney, CSX Corp.’s solutions architect-operational technology.McKenney discussed how products can create gaps in technology that leave operating environments open to cyber threats; explained how to build a program that fosters innovation as a way to fill cybersecurity gaps; and detailed a pilot program he developed at CSX — “Cyber Go Forward” — designed to accomplish these goals. To view and listen to his presentation, check out our webcast archive: www.progressiverailroading.com/webcasts.McKenney also will speak at our Secure Rail conference, which will be held April 5-6 at the Rosen Plaza Hotel in Orlando, Fla. For more information or to register, visit: www.securerailconference.com
Keywords Browse articles on CSX Canadian Pacific Hunter Harrison Michael Ward cybersecurity Secure Rail Contact Progressive Railroading editorial staff.

Copyright

© © Trade Press Media Group, Inc.

Mar
09

CSX, Schneider seal new intermodal agreement

Rail News Home CSX Transportation 3/9/2017 Rail News: CSX Transportation
Schneider and CSX have agreed to extend their intermodal service agreement.Photo – Schneider

CSX and Schneider have reached a new multiyear agreement in which the Class I will continue to serve as one of Schneider's primary rail providers.

The agreement enables Schneider to serve the eastern United States as demand for intermodal transportation increases, Schneider officials said Tuesday in a press release.

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Mar
09

CSX, Schneider seal new intermodal agreement

3/9/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Mar
07

CSX hires Harrison as CEO

Rail News Home CSX Transportation 3/7/2017 Rail News: CSX Transportation
E. Hunter HarrisonPhoto –

CSX Corp. has named E. Hunter Harrison chief executive officer, effective immediately, the Class I announced yesterday.

Harrison is the former CEO of Canadian Pacific and CN. At CSX, he succeeds Michael Ward, who last month announced his decision to retire as chairman and CEO. Ward will serve CSX as a consultant until he retires on May 31.

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Mar
07

CSX hires Harrison as CEO

3/7/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Feb
24

CSX extends nomination deadline to March 10

Rail News Home CSX Transportation 2/24/2017 Rail News: CSX Transportation
CSX Corp. has extended the deadline for board nominations to March 10, the company confirmed yesterday.The announcement marks the second time the Class I has extended the deadline this year for nominations to serve on the board. The action comes as the railroad faces proposals from hedge fund Mantle Ridge LP that include installing former Canadian Pacific Chief Executive Officer E. Hunter Harrison as CSX's next CEO.CSX announced last week that it will schedule a special meeting for shareholders to consider the proposals. Earlier this week, the company announced that Chairman and CEO Michael Ward and President Clarence Gooden will retire May 31. Chief Sales and Marketing Officer Fredrik Eliasson has been appointed president.Also this week, CSX said that it will eliminate about 1,000 management employees through an "involuntary separation program" that will be completed next month. Contact Progressive Railroading editorial staff. More News from 2/24/2017

Copyright

© © Trade Press Media Group, Inc.

Feb
24

CSX extends nomination deadline to March 10

2/24/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Feb
22

CSX to cut 1,000 management jobs

Rail News Home CSX Transportation 2/22/2017 Rail News: CSX Transportation
CSX Corp. yesterday announced it will eliminate about 1,000 management employees "through an involuntary separation program" that will be completed by mid- to late March.Enhanced separation benefits will be offered to those losing their jobs. A majority of the affected employees work in Jacksonville, Fla., across multiple locations and subsidiaries. However, some work in CSX's field organization will be affected, said company spokesman Gary Sease in an email."Upon further study and evaluation, we will know both the Jacksonville and field management employee impact," Sease said.CSX's headquarters is located in Jacksonville.The job cuts were announced at the same time CSX's board has been involved in discussions with hedge fund Mantle Ridge LP and former Canadian Pacific Chief Executive Officer E. Hunter Harrison about proposals that include Harrison becoming CEO of CSX. The board has scheduled a special shareholders' meeting to consider the proposals.Also yesterday, CSX announced that its Chairman and CEO Michael Ward and President Clarence Gooden will retire effective May 31. Chief Sales and Marketing Officer Fredrik Eliasson has been appointed president effective Feb. 15, replacing Gooden, who will assume the role of vice chairman until his retirement.Eliasson will maintain his current responsibilities in the new position. The changes are part of a senior leadership transition that CSX's board has been considering for more than a year, company officials said. Contact Progressive Railroading editorial staff. More News from 2/22/2017

Copyright

© © Trade Press Media Group, Inc.

Feb
22

CSX to cut 1,000 management jobs

2/22/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Feb
21

CSX's Ward, Gooden to retire May 31; Eliasson named president

Rail News Home CSX Transportation 2/21/2017 Rail News: CSX Transportation
CSX Chairman and CEO Michael WardPhoto – CSX Corp.

CSX Corp. announced today that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire from the company effective May 31. Chief Sales and Marketing Officer Fredrik Eliasson has been appointed president effective Feb. 15, replacing Gooden, who will assume the role of vice chairman until his retirement.

Eliasson will maintain his current responsibilities in his new position. The changes are part of a senior leadership transition that CSX's board has been considering for more than a year, according to a company press release.

Continue reading

Copyright

© © Trade Press Media Group, Inc.

Feb
21

CSX's Ward, Gooden to retire May 31; Eliasson named president

2/21/2017    

Rail News: CSX Transportation

Continue reading

Copyright

© © Trade Press Media Group, Inc.