CSX – Page 9 – Railfanning.org

With No Funding, No Rail Link to Orlando Airport, Newspaper Reports

November 27, 2013 Todd DeFeo

It will be at least five years before SunRail trains connect with Orlando International Airport because there is no source of funding for the estimated $100 million it will cost to build the connection, the Orlando Sentinel newspaper reported. Despite that, SunRail officials are looking at a Orlando Utilities Commission-owned spur, which runs alongside airport property and could be expanded to two tracks, as a possibility for a rail link between the airport and the commuter rail system, the newspaper reported. “This is a startup commuter-rail system. It’s going to evolve over time,” the newspaper quoted Steve Olson, a spokesman

CSX CTO: Customer Collaboration Helps Drive Service Improvements And Growth

November 22, 2013 PRNewswire

Cindy Sanborn, CSX (NYSE: CSX) vice president and chief transportation officer, today told the RailTrends annual conference in New York City that a stronger focus on customer collaboration and improved utilization of key resources such as locomotives and rail cars are contributing to the company’s ability to respond effectively to market changes.

Intermodal Investment Strategy Continues to Drive Growth for CSX

November 6, 2013 PRNewswire

JACKSONVILLE, Fla., Nov. 6, 2013 /PRNewswire/ — Fredrik Eliasson, CSX (NYSE: CSX) executive vice president and chief financial officer, discussed the company’s recent financial performance today at the Baird Industrials Conference in Chicago, Ill. Eliasson reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. “The CSX team continues to overcome significant headwinds as the energy markets evolve in favor of natural gas and away from coal,” said Eliasson. “During this transition, we have still been able to generate earnings per share growth and value

CSX Reminds Communities: Enjoy the Summer, But Use Caution Around Railroad Tracks

July 3, 2013 Railfanning.org News Wire

JACKSONVILLE, Fla. — With summer activities in full swing and the Fourth of July holiday approaching, CSX Corporation (NYSE: CSX) reminds everyone to stay away from railroad tracks and motorists to use caution at grade crossings. “We hope our community neighbors enjoy their picnics, fireworks and time with family and friends, but never underestimate the dangers of trespassing or playing on railroad property,” said Terry Ludban, director – community affairs and safety. “Always be alert and remember to play it safe near railroad tracks.” Tracks are private property. Walking or riding on tracks or other railroad property without the permission

CSX Celebrates July Maintenance Marathon

July 1, 2013 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX employees on July 1 kicked off an eight-day maintenance marathon, designed to complete work that would normally take 18 weeks. This accelerated timeline will be accomplished by temporarily re-routing traffic on the CSX main line in portions of three southeastern states to give workers uninterrupted time for upgrades and repairs. “Thanks to our dedicated employees, we’re able to complete an incredible amount of work, while minimizing disruptions to our customers, to keep rail traffic moving safely and reliably,” said Oscar Munoz, executive vice president and chief operating officer. “We call it a jamboree because of the

CSX Positioned Well for Near-Term Economic Improvement and Long-Term Growth in the Freight Rail Industry

March 27, 2013 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX is a better, faster and more capable company than it was even one year ago, Michael Ward, the company’s chairman, president and chief executive officer wrote to investors in the 2012 Annual Report delivered this week. Last year the company successfully withstood a significant drop in its coal business by making quick adjustments in its operations and focusing on the mainstays of safety, service and productivity. “Experience has shown that when CSX does those things well, we can turn good conditions into great results, or bad conditions into better results,” Ward said, noting that employees led

Belfast Commerce Centre First in Georgia to Receive CSX Select Site Designation

December 9, 2012 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation announced that the Belfast Commerce Centre in Bryan County, Ga. is the first recipient in the State of Georgia to receive CSX Select Site designation. CSX’s Select Sites program reviews manufacturing and distribution development sites along the CSX network that can rapidly utilize freight rail service. This designation confirms that standard land use issues have been addressed and that the site is ready for development. “The Select Site certification provides certainty for companies seeking industrial property for manufacturing operations and allows for increased speed to market and reduced development risk,” said Clark Robertson, assistant vice

CSX Corp. Declares Quarterly Dividend

October 3, 2012 Railfanning.org News Wire

JACKSONVILLE, Fla., Oct. 3, 2012 /PRNewswire/ — Earlier today, the board of directors of CSX Corporation (NYSE: CSX) approved a $0.14 per share quarterly dividend on the company’s common stock. The dividend is payable on December 14, 2012, to shareholders of record at the close of business on November 30, 2012.

CSX Named to Dow Jones Sustainability Index for Second Consecutive Year

September 20, 2012 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. was named to the Dow Jones Sustainability Index (DJSI) for North America for the second consecutive year and was the only U.S. railroad listed in 2012. “Sustainable practices improve today’s operations and position CSX for a strong future,” said Michael J. Ward, chairman, president and chief executive officer. “CSX remains committed to transparency and accountability and will continue to implement new sustainability strategies as our business grows.” CSX received high marks for its work in climate change strategies and environmental management, as well as in corporate governance and human capital development. CSX recently committed to

Genesis Energy, L.P. Develops Crude Oil Unloading Terminal Along RailAmerica’s Alabama & Gulf Coast Railway

August 26, 2012 Railfanning.org News Wire

The Alabama & Gulf Coast Railway (AGR), a RailAmerica Inc. company, is now serving a new crude oil-unloading terminal developed by Genesis Energy L.P.