CSX

By Jeff Berman · January 19, 2016
Late last week, Jacksonville, Fla.-based Class I railroad carrier CSX rolled out its proposed plans for an eastern North Carolina-based intermodal rail terminal entitled the Carolina Connector or CCX. CSX said this state-of-the-art terminal will be hugely beneficial for North Carolina businesses and ports in serving the metro-Raleigh area, which it said is one of the largest and fastest-growing markets in the South.
By Jeff Berman · January 13, 2016
Jacksonville, Fla.-based CSX reported it had fourth quarter revenue of $2.781 billion, which was down 13 percent, or $411 million annually, with earnings per share of $0.48 off 2 percent annually and ahead of Wall Street estimates of $0.46 per share.
By Jeff Berman · November 18, 2015
A recent Bloomberg report indicating that Canadian Pacific Railway Ltd. is looking to acquire Norfolk Southern was confirmed by the Class I railroads in separate statements issued over the past two days.
By Jeff Berman · July 15, 2015
Quarterly operating income at $1.017 billion rose 2 percent, and quarterly revenue at roughly $3.06 billion was down 6 percent, and operating ratio for the quarter dropped to 66.8 for a new all-time record.
By Jeff Berman · January 14, 2015
CSX reported it had record fourth quarter net earnings of $491 million, which was up 15 percent annually over $426 million for the fourth quarter 2013, with earnings per share up $0.49 for a 17 percent annual increase, matching Wall Street estimates.
By Jeff Berman · October 15, 2014
CSX reported it had record third quarter earnings of $509 million or $0.51 per share, which was up 10.6 percent annually over $455 million and $0.45 per share and ahead of Wall Street estimates of $0.48 per share.
By Jeff Berman · October 13, 2014
The Wall Street Journal reported that this merger, which would have brought together two of North America’s largest rail operators, was rejected by CSX, adding it was not clear if CP would continue to make further efforts.
By Jeff Berman · January 16, 2014
CSX reported fourth quarter earnings of $426 million-or $0.42 per share-which was down 5.2 percent annually, with quarterly operating income of $3.032 billion was up 5 percent annually.
By Jeff Berman · November 14, 2013
Class I railroad carrier CSX and GE Transportation heralded a partnership that will focus on exploring emissions-cutting and efficiency advancements through the use of Liquefied Natural Gas (LNG) technology for locomotives.
By Jeff Berman · October 16, 2013
Class I railroad carrier CSX yesterday reported third quarter net earnings of $463 million and $0.46 per share, which was up 1.7 percent annually and beat Wall Street estimates of $0.43 per share.
By Jeff Berman · September 10, 2013
With the first phase complete, the coalition said that now enables the ability for the National Gateway to provide double-stack intermodal rail service between CSX’ terminal in Chambersburg, Pa. and its state-of-the-art Northwest Ohio hub facility.
By Jeff Berman · July 17, 2013
Class I railroad carrier CSX today reported second quarter net earnings of $535 million and $0.52 per share, which was up four percent annually and beat Wall Street estimates of $0.47 per share.
By Jeff Berman · April 2, 2013
A few weeks shy of their respective first quarter earnings announcements East Coast-based Class I railroads Norfolk Southern and CSX are feeling pretty good about their businesses.
By Jeff Berman · October 25, 2012
CSX and the Commonwealth of Pennsylvania this week heralded the midway point of progress on the first phase of projects for the National Gateway.
By Jeff Berman · October 17, 2012
Leading off third quarter earnings results for Class I railroads, CSX last night reported net earnings of $455 million, which was down 2 percent annually and $0.44 per share, which fell short of Wall Street estimates of $0.47 and ahead of last year’s $0.43.

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