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.
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
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
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.
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
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
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
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
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