GREENWICH, Conn. — Genesee & Wyoming Inc. has completed its acquisition of 87.4 percent of the Maryland Midland Railway for cash consideration of approximately $29.1 million, to be adjusted for final working capital. Maryland Midland, located approximately 40 miles from GWI’s York Railway, operates over 63 miles of track between Glyndon and Highfield, Md., and between Walkersville and Taneytown, Md. The railroad has 30 employees and is an interline carrier with CSX. Lehigh Cement, which is Maryland Midland’s largest customer, retains its 12.6 percent ownership of the railroad. — PRNewswire-FirstCall
ATLANTA — Three people have been arrested for stealing computers from a CSX freight train parked in a local rail yard. Police say 19 rail cars were burglarized and officers recovered 26 computers and various other items that were stolen from the cars, The Atlanta Journal-Constitution reported. CSX police saw the men and called Atlanta authorities, WAGA-TV reported. — Railfanning.org News Wire
WASHINGTON — America’s freight rail industry dominated the fifth annual America’s Top 50 “Military Friendly-Employers” list published by G.I. Jobs, the nation’s premier career guide for military job-seekers. The magazine named four Class I freight railroads in the top half of the most military-friendly employers for 2007, selecting BNSF Railway as the No. 1 employer of military personnel. Also making the list were Union Pacific, CSX Transportation and Norfolk Southern. “The nation’s freight railroads maintain a strong commitment to the men and women who serve our country,” said Edward R. Hamberger, president and CEO of the Association of American Railroads.
JACKSONVILLE, Fla. — The Association of American Railroads granted its top award for environmental professionals, the 2007 North American Environmental Employee Excellence Award, to Keith A. Brinker, manager of environmental remediation at CSX Transportation. Brinker received the award during an annual railroad environmental conference. A 28-year railroad veteran, Brinker’s accomplishments include: helping to establish CSXT’s first Environmental Operations Department; devising numerous standard operating procedures for the use of chemicals and cleaners; and organizing CSXT’s internal Environmental Crimes Unit (ECU), which ensures compliance with government and company regulations. “Perhaps [the railroad industry’s] most important environmental advantage comes from dedicated employees like
JACKSONVILLE, Fla. — CSX Corporation reported third quarter 2007 net earnings of $407 million, or 91 cents per share, including 24 cents per share from discontinued operations. In the same quarter last year, the company reported earnings of $328 million, or 71 cents per share, including 17 cents per share from insurance gains and the resolution of certain tax matters. On a comparable basis, excluding these items, earnings per share from continuing operations increased 24 percent on a year-over-year basis. “Our core earning power continues to improve in a more challenging transportation environment,” said Michael Ward, chairman, president and CEO.
JACKSONVILLE, Fla. — CSX Transportation has received a U.S. Environmental Protection Agency (EPA) SmartWay Excellence Award, which recognizes freight carriers that have made significant contributions to protecting the environment. CSXT is the only railroad among the SmartWay Transport Partnership’s 600-plus members to receive this distinction. In recent years, CSXT has conserved 30 million gallons of fuel, improved fuel efficiency and invested more than $1 billion to upgrade its fleet with new locomotives that reduce fuel consumption and air pollutant emissions. In addition, CSXT has voluntarily pursued an aggressive policy to reduce emissions from unnecessary idling of locomotive engines, which also
CSX Transportation and local responders continue recovery efforts in Painesville, Ohio, just east of Cleveland, after the Oct. 10 derailment. Based on that progress, Painesville and Lake County officials permitted all evacuated residents to return to their homes at noon on Oct. 13. Approximately half of the evacuated residents were permitted to return on the afternoon of Oct. 12. Area residents with questions or needs can call a CSXT telephone hotline, 1-877-835-5279 from 8 a.m. to 5 p.m. While residents return to their homes, cleanup activities continue at the derailment site. Soil was excavated Saturday in consultation with the Ohio
JACKSONVILLE, Fla. — CSX Transportation has entered into a rail security partnership with the states of New York and New Jersey. The agreement represents a model CSXT hopes to use with other states on its system, officials say. The agreement was ratified on July 17. The partnership, unique in the rail industry, formalizes and enhances CSXT’s ongoing commitment to both states to share information, resources, and strategies in order to better protect the communities in which CSXT operates. “We’re pleased to be the first railroad and among the first private industries to formalize security partnerships with the states in order
JACKSONVILLE, Fla. — CSX Transportation took delivery of the 300th GE DC Evolution Series locomotive. The unit bears road number 5501. The unit features fuel-saving technologies to help CSX further reduce fuel costs while cutting down on noise and emissions. The GEVO 12 cylinder engine produces 4400 HP while achieving a fuel savings over the previous generation of GE locomotives and reduces, on average, regulated emissions by more than 40 percent. “CSX Transportation is committed to operating locomotives with new technologies that benefit our operations and the environment,” said Rich Regan, Vice President – Mechanical. “The Evolution Series fleet has
CHICAGO – Amtrak is temporarily adjusting the westbound schedule for the Pere Marquette service on the Chicago-Grand Rapids route to accommodate track work planned by CSX Transportation, the owner of the train’s route in Michigan. The temporary schedule will begin June 4 and continue through June 21, 2007. The westbound Pere Marquette (Train 371) will be scheduled to operate one hour earlier from all stations. The eastbound Pere Marquette (Train 370) schedule is unaffected. These changes will compensate for anticipated delays due to the track work. “While we recognize this temporary schedule change might cause some inconvenience for our passengers,