Runnin’ Down a Train

July 1, 2004 Todd DeFeo 0

MURFREESBORO, Tenn. — I was driving along Interstate 24, when I came to a familiar bridge over a rail line. On every trip along this stretch of highway, it was tradition to gaze over and see what train might be traversing the Rutherford County landscape. Usually, there wasn’t a train, just a pair of parallel rails heading towards the horizon. But today was different. I caught a glimpse of a pair of locomotives — the lead being a BNSF C44-9W, No. 5097. “Surely, this must be rare,” I thought to myself. Regardless, I was deter- mined to catch this one

CSX Chairman Calls Conrail Transaction a Success: Calls on STB to End Oversight

WASHINGTON – The Conrail acquisition is a continuing success and the Surface Transportation Board’s (STB) five-year oversight has achieved its goals, Michael Ward, Chairman, President and Chief Executive Officer of CSX Corporation, said May 3. “We believe the 5-year oversight period that followed the transaction has achieved its objectives. We are now at a time when additional oversight is unnecessary – and the ordinary authority of the STB is more than sufficient to ensure that the public good continues to be served,” Ward said. “When you look at what has been achieved over the past five years – on behalf

Norfolk Southern’s Goode Urges an End to Conrail Oversight

NORFOLK, Va. – Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period. “The history of the past five years shows how the transaction has lived up to the board’s expectations,” Goode testified during a hearing in Washington. “Perhaps most importantly, the transaction resulted in two competitively balanced rail systems serving the eastern United States. In addition, of course, the transaction has created vigorous new rail-to-rail competition throughout the former Conrail territory,” benefiting shippers and communities. “No

CSXT and NSR File Registration Statements with SEC to Exchange Debt Securities for Conrail’s Debt Securities

April 23, 2004 Railfanning.org News Wire 0

WASHINGTON – CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate. CSXT and NSR each have filed a Registration Statement on Form S-4 with the Securities and Exchange Commission (SEC) that describes an offer to exchange new unsecured debt securities of CSXT and NSR and cash for unsecured debt securities of Conrail. The filings initiate the final stage in implementing the restructuring of Conrail’s unsecured indebtedness

Isabel Slows Trains

October 1, 2003 The Cross-Tie 0

WASHINGTON — Rail service along the eastern coast was slowed in September because of Hurricane Isabel. Amtrak, CSX, Norfolk Southern and other railroads between North Carolina and New York reported interruptions to their service due to the hurricane. Norfolk Southern implemented its contingency plan, taking extra safety precautions to assure the safety of employees and prevent damage to facilities, equipment, and shipments, the railroad said in a news release. This included moving equipment and shipments that have not yet placed within customer facilities, out of coastal and low lying areas prone to flooding. Likewise, CSX ceased some operations between Virginia

CSX Transportation Launches Track Maintenance Blitz

JACKSONVILLE, Fla. – During a nine-day blitz, CSX suspended operations on a key rail line from Elkhorn City, Ky., to Laurens, S.C., while hundreds of railroad employees performed track upgrades, highway-rail crossing improvements and bridge and tunnel repairs. The engineering “Jamboree,” which ran from June 30 through July 8, enabled CSX to complete in nine days what would take two months if train operations were not rerouted. This year’s Jamboree was the largest of several such events the railroad has held across its 23,000-mile rail network since 1999, and materials have been pre-staged during the past six months. “Jamborees have

CSX Relocates Headquarters

April 1, 2003 The Cross-Tie 0

CSX Corporation announced the relocation of its corporate headquarters to Jacksonville, Fla., from Richmond, Va., on Feb. 15. “This decision continues CSX’s strategic evolution from a multimodal transportation company to a streamlined enterprise with greater focus on our railroad,” said Michael J. Ward, CSX chairman, president and chief executive officer. “As a result, we no longer need a central location for our holding company, and it makes business sense to locate the corporate headquarters in the same city as the major operating unit, CSX Transportation. “We have a deep and lasting gratitude for the relationships formed in Richmond and will

CSXT Modifies Fuel Cost Recovery Program

March 25, 2003 Railfanning.org News Wire 0

JACKSONVILLE, Fla. – In an effort to more quickly respond to changing market conditions and the continued volatility in fuel prices, CSX Transportation (CSXT) announced today modifications to its fuel cost recovery program. After the transition to the new program, CSXT’s fuel surcharges will be applied in smaller increments, on a more real-time basis, consistent with increases or decreases in fuel prices. With the changes, CSXT will no longer only adjust surcharges in 2 percnt increments for every $5/barrel change in crude oil prices. Instead, the surcharge will be adjusted up or down 0.4 percent for every dollar increase or

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