CSX

JACKSONVILLE, Fla. — CSX Corp. announced second quarter earnings of $308 million, or 78 cents a share, versus $385 million, or 93 cents a share, last year. Excluding the impact of discontinued operations related to The Greenbrier resort, earnings per share from continuing operations declined 24 percent from 95 cents to 72 cents. Second quarter revenues of $2.2 billion were down 25 percent from the prior year, primarily due to a 21 percent decline in volume and lower fuel surcharge recovery. Volumes continued to decline across the board, although the rate of decline in the coal market accelerated in the

WASHINGTON — The Association of American Railroads reported that U.S. railroads originated 1,039,889 carloads of freight in June 2009, down 19.7 percent with 255,668 fewer carloads, compared with June 2008. U.S. intermodal rail traffic – comprising trailers and containers on flat cars that are not included in carload figures – totaled 755,000 units in June 2009, down 18.2 percent compared with the same period last year with 168,031 fewer trailers and containers, the association said. For the first six months of 2009, total U.S. rail carloadings were down 19.5 percent (1,594,411 carloads) to 6,579,294 carloads, while intermodal traffic was down

UNION CITY, Ga. — More than a dozen cars from a CSX freight train derailed here. No one was injured, but two rail crossings were blocked. “There won’t be any hazardous materials to clean up,” ajc.com quoted CSX spokesman Gary Sease as saying. At the time of the derailment, the train was pulling 100 cars of coal from Kentucky to Florida. “Our investigation always starts with three main factors: the track, the equipment, and how train was being operated,” Sease told ajc.com. Closed intersections could remain off limits to traffic for a number of days.