CSX

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CSX

CSX Reports Record Third Quarter Earnings from Continuing Operations

October 14, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. reported third quarter 2008 earnings from continuing operations of $382 million, or 94 cents per share. This represents a 40 percent increase from the same period last year. In 2007, CSX reported third quarter earnings of $297 million from continuing operations, or 67 cents per share. “CSX delivered impressive financial results in a challenging economy,” said Michael J. Ward, chairman, president and CEO. “Our resilient business portfolio and disciplined operations continue to generate substantial earnings growth for shareholders.” Revenue increased 18 percent to nearly $3 billion, with nine of the company’s 10 market segments producing

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CSX

CSX and City Year to Help Southwest Detroit Community Renovate Youth Baseball Facilities

October 10, 2008 Railfanning.org News Wire

DETROIT — More than 30 CSX employees and 10 City Year Corps members will join 60 local community members and officials tomorrow to restore and revitalize the baseball facilities at the St. Hedwig Playfield. Together, the volunteers, including members of the Southwest Detroit Business Association (SDBA) will invest about 800 hours of service in rebuilding the field use by the Detroit Bees, a baseball program serving children in Southwest Detroit. Plans for the day include rebuilding the infield, repairing the fence surrounding the field and covering the association’s building with athletic murals. Kathleen H. Wendler, President of the Southwest Detroit

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CSX

CSX: We Lead Class One Railroads in Carbon Disclosure Project Scoring

October 3, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. said it achieved the best score among Class One freight railroads in the Carbon Disclosure Project’s (CDP) 2008 Report and third best in the overall Transports and Logistics category. CDP is a not-for-profit organization representing the interests of 385 mostly-institutional investors with more than $57 trillion in assets under management. CDP’s role is to, “act as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations, to the global market place.” CSX’s Climate Leadership Index score was compiled by aggregating its weighted answers

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BNSF

House Approves Rail Safety Bill; Billions to go to Passenger Rail

September 27, 2008 Railfanning.org News Wire

WASHINGTON — The House of Representatives has approved legislation that proponents say will improve the Nation’s intercity passenger rail system and the safety of the nation’s railroads. The Rail Safety Improvement Act of 2008 and the Passenger Rail Investment and Improvement Act of 2008 will increase funding for Amtrak over the next five years, require new safety controls on trains that help reduce crashes, allow states to regulate solid waste processing facilities along rail lines and allocate funding for improvements to Washington’s Metro transit system. The legislation sets “an aggressive deadline” of 2015 for implementation of positive train control (PTC)

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BNSF

Hurricane Ike Causes Rail Freight Downturn

September 27, 2008 Railfanning.org News Wire

WASHINGTON —  Freight traffic on U.S. railroads was off sharply during the week ended September 20 in comparison with the same week last year, the Association of American Railroads (AAR) reported. Much of the decline can be attributed to disruptions caused by Hurricane Ike which struck the Gulf Coast Sept. 13. Total volume was estimated at 32.8 billion ton-miles, down 6.8 percent from the comparable week last year. Carload freight in the week totaled 312,662 cars, off 7.8 percent from last year. Volume was down 10.4 percent in the West and 4.3 percent in the East. Intermodal volume, which is

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CSX

CSX: Weather to Reduce Q3 Operating Income

September 23, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. said that the financial impact of recent storms in the Gulf Coast and Midwest is now expected to reduce third quarter operating income by $40 million to $50 million and earnings per share by six to eight cents. The impact is primarily related to asset write downs, business interruption and reroute expenses, the company said. — PRNewswire-FirstCall

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CSX

CSX Invites TCI Group Nominees to Join Board

September 16, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — Following a decision by the Second Circuit Court of Appeals in New York, CSX Corp.’s Board of Directors has invited TCI Group nominees Christopher Hohn and Timothy O’Toole to join the board immediately. Hohn and O’Toole would succeed Dr. William C. Richardson and Dr. Frank S. Royal, each of whom has resigned effective upon his successor taking office. “We are very pleased with the Court’s decision. We hope CSX will now acknowledge that four of our nominees were elected,” TCI said in a statement. “It is time for the entire duly elected Board, including Chris Hohn and

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CSX

CSX Corp. Names Michele Mastrean Vice President-Compensation and Benefits

September 15, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation has appointed Michele Mastrean as vice president-compensation and benefits, effective immediately. The position reports to Bob Haulter, CSX Corporation’s senior vice president-human resources and labor relations. Mastrean will direct the delivery of broad-based compensation programs as well as health, retirement and savings benefits for CSX. She will also develop compensation policies to continue to provide employees with competitive pay and maintain compatibility with business goals. Most recently, Mastrean was vice president-HR Total Compensation, for Halliburton Company. “Michele brings diverse human resources experience to CSX, including significant accomplishments in the design and delivery of innovative compensation

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CSX

CSX Corporation Names Michele Mastrean Vice President-Compensation and Benefits

September 12, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation announced the appointment of Michele Mastrean as vice president-compensation and benefits, effective immediately. The position reports to Bob Haulter, CSX Corporation’s senior vice president-human resources and labor relations. Mastrean will direct the delivery of broad-based compensation programs as well as health, retirement and savings benefits for CSX. She will also develop compensation policies to continue to provide employees with competitive pay and maintain compatibility with business goals. Most recently, Mastrean was vice president-HR Total Compensation, for Halliburton Company. “Michele brings diverse human resources experience to CSX, including significant accomplishments in the design and delivery of