2007: A Strong Year For Railroad Safety

WASHINGTON — Last year was another strong year for safety on the nation’s railroads, with records being set in two key safety measurements while a third fell just shy of setting a record. “Over the years, the railroad industry has developed a strong safety culture,” said Edward R. Hamberger, president and CEO of the Association of American Railroads (AAR) at the annual E.H. Harriman Awards luncheon which honors railroads with the best employee safety records for the previous year. “Last year the train accident rate was the lowest in history,” he said. “So was the grade crossing accident rate. The

CSX Annual Meeting Results Too Close to Call

JACKSONVILLE, Fla. — CSX Corp. today announced that the outcome of the election of Directors at CSX’s 2008 annual meeting of shareholders is too close to call at this time. The annual meeting will reconvene at 10 a.m. Friday, July 25, at the company’s headquarters in Jacksonville, Fla., to receive certification of the voting results. This adjournment will allow the independent inspector of elections time to tabulate the voting results. “We want to express our gratitude for the continued support of our shareholders,” said Michael J. Ward, CSX chairman, president and chief executive officer. “We have met with a large

Senators Want to Look at Proposed CSX Investors

WASHINGTON — Democratic and Republican senators want an investigation into the push that foreign investors are making to take control of CSX, according to a published report. “Very little is known about the investors in the TCI group or those investors’ agenda,” the senators said in a letter to Treasury Secretary Henry Paulson, USA Today reported. “They are anonymous and invisible to government regulators” and could be fronts for foreign governments.” TCI is a hedge fund that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting. In March, CSX filed

CSX Appoints Gary Bethel as Vice President-Mechanical

JACKSONVILLE, Fla. — Gary Bethel has been appointed as CSX’s Vice President-Mechanical, replacing Rich Regan, who will retire after 33 years of service. Bethel has served as Atlanta Division manager and in other key operating positions. His appointment is effective immediately, and a new Atlanta Division manager will be named soon. “Gary Bethel brings a wealth of operating and management experience to this important position,” said Tony Ingram, executive vice president and chief operating officer. “He will lead our efforts to maintain and improve our locomotive reliability and rail car availability, all with safety at the forefront.” Bethel began his

Rail Network Could Face Major Congestion in Coming Decades

WASHINGTON — Congestion on the nation’s rail network is expected to increase over the next two decades and could eventually pose a major problem, members of Congress warned. Since deregulation of the freight railroad industry in 1980, Class 1 freight ton-miles have increased 93 percent, while miles of track have decreased 40 percent, U.S. Rep. Corrine Brown, D-Fla., said. The U.S. Department of Transportation estimates that the demand for rail freight transportation will increase 88 percent by 2035, and their studies estimate that an investment of $148 billion in infrastructure expansion will be needed over the ext 28 years to

Public Private Partnership Brings New GenSet Ultra-Low Emission Locomotives to CSX Transportation

DEARBORN, Mich. — CSX Transportation, the Michigan Department of Transportation (MDOT), and the Southeast Michigan Council of Governments (SEMCOG) have announced the introduction of two ultra-low emission GenSet locomotives at CSXT’s Rougemere Yard in Dearborn, Mich. GenSet locomotives reduce nitrous oxide and particulate matter emissions by 80 percent and can create carbon dioxide emissions savings of approximately 50 percent by monitoring engine idling and switching to a “sleep” mode after a period of inactivity. The technology for these locomotives was purchased through a public-private partnership with the state of Michigan. The locomotives are the first low-emission locomotives to be deployed

Railroads, Customers Meet to Discuss Freight Transportation Needs, Challenges

WASHINGTON — The nation’s major freight railroads and their customers met this week to discuss the many challenges ahead in freight transportation, working together to make sure America’s freight rail network continues to be the best in the world. “Freight traffic is expected to increase dramatically over the next decade,” said CSX Chief Executive Officer Michael Ward, who gave the keynote address at the recent 2008 North American Rail Shippers Association (NARS) meeting. “If we want to see more of that traffic on rail and less on our overcrowded highways, railroads and shippers need to be ready to meet that

CSXT and Brewton First Responders to Hold Safety Blitz and Safety Class

BREWTON, Ala. — CSX Transportation will hold several railroad safety awareness activities on May 6 in conjunction with the Brewton Police Department, the Brewton Fire Department as well as Alabama Operation Lifesaver Volunteers. A safety blitz will take place at the CSXT railroad crossing at Mildred and Deer Streets from 9-11 a.m. Drivers in that area will be greeted by CSXT employees, Operation Lifesaver volunteers and area first responders, who will distribute safety flyers to drivers while they are stopped at the red lights on either side of the street approaching the crossing. In addition, CSXT will conduct a Railroad

CSX Highlights Board’s Market-Leading Track-Record in Investor Presentation

JACKSONVILLE, Fla. — CSX Corp. announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with the company’s 2008 annual meeting of shareholders, which is scheduled for Wednesday, June 25. “CSX’s Board of Directors has driven extraordinary shareholder returns, financial and operational performance, and excellence in corporate governance and offers a compelling future outlook,” said Michael J. Ward, CSX chairman, president and chief executive officer. “We look forward to meeting with CSX investors to discuss our track-record of success and concrete plans to continue to create value for all shareholders. We believe that the

CSX Announces National Gateway to Improve Flow of Freight

DUBLIN, Ohio — CSX Corp. has launched the National Gateway, a $700 million public-private infrastructure initiative to create a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. When completed, the National Gateway would provide greater capacity for product shipments in and out of the Midwest, reduce truck traffic on already crowded highways, and create thousands of jobs that directly or indirectly support the National Gateway. CSX has already committed $300 million to the National Gateway, and will work with several states and the federal government to secure additional funding. The National Gateway incorporates two primary parts.

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