CSX
CSX
CSX
CSX CFO: Modest Earnings Growth in 2014 Creates Foundation for Double-Digit Earnings Growth Beginning in 2015
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik Eliasson, CSX Corp. executive vice president and chief financial officer, told investors and analysts at the Bank of America Merrill Lynch Global Transportation Conference in Boston.
CSX
CSX Urges STB to Reject Switching Plan
CSX Transportation is opposing a proposal before the Surface Transportation Board (STB) the railroad says would create unpredictable traffic flows, reduce high levels of customer service achieved over the past few years, and diminish the company’s incentive to keep investing at record levels in critically needed transportation infrastructure.
CSX
CSX CEO to Harvard Business School: CSX Meeting Growing Transportation Demand, Strengthening American Competitiveness
America’s freight railroads are investing in facilities, technology and programs to meet the country’s growing consumption and transportation needs, CSX chairman, president and chief executive officer Michael Ward told an audience of more than 200 business and policy leaders at a Harvard Business School (HBS) panel.
CSX
CSX
CSX
CSX And GE Transportation Partner To Pilot Liquefied Natural Gas Locomotives
JACKSONVILLE, Fla.– CSX Corp. and GE Transportation have agreed to explore emissions-cutting and efficiency breakthroughs in Liquefied Natural Gas (LNG) technology for locomotives beginning with a pilot program in 2014. “LNG technology has the potential to offer one of the most significant developments in railroading since the transition from steam to diesel in the 1950s,” said Oscar Munoz, executive vice president and chief operating officer, CSX Corporation. “That change took many years to complete and began with a lot of unknowns, and this one is no different. But aggressively exploring this technology is consistent with CSX’s focus on tomorrow, its
Commuter Rail
With No Funding, No Rail Link to Orlando Airport, Newspaper Reports
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
CSX CTO: Customer Collaboration Helps Drive Service Improvements And Growth
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.
CSX
Intermodal Investment Strategy Continues to Drive Growth for CSX
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