CSX – Page 16 – Railfanning.org

CSX Corporation Declares Quarterly Dividend

July 14, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — The Board of Directors of CSX Corp. has approved a $0.24 per share quarterly dividend on the company’s common stock. The dividend is payable on September 15, 2010, to shareholders of record at the close of business on Aug. 31.

CSX Announces Second Quarter Earnings

July 12, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced second quarter earnings from continuing operations of $414 million, or $1.07 per share, versus $282 million, or $0.71 per share, in the same period last year. This represents a 51 percent year-over-year improvement in earnings per share from continuing operations. “While the economy remains dynamic, our markets overall continue to improve, and our outlook remains positive,” said Michael J. Ward, chairman, president and chief executive officer. “At the same time, CSX has demonstrated that it can be successful in a wide array of economic conditions, and that’s what we will continue to do.” Revenue

CSX Annual Coal Route Maintenance Work Complete

July 7, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — Nearly 1,000 CSX Transportation Engineering employees completed the annual coal route maintenance project this week. Track maintenance teams worked their way across the Appalachian coal route which includes Kentucky, West Virginia, Tennessee, New York, North Carolina, and South Carolina. Demand for coal remains strong, and on a typical day as many as 50 trains make their way across this important corridor. During this intense maintenance operation, workers installed new rail, and more than 133,000 ties. Ties cover nearly 113 miles of main line track, plus several auxiliary tracks. Crews also re-surfaced an additional 150 miles of track,

CSX Reminds Travelers of Importance of Rail Safety During Holiday Weekend

July 1, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — As the July 4th holiday approaches, CSX Corp. is reminding people to use common sense and extreme caution around railroad tracks and crossings. According to the Federal Railroad Administration, injuries and fatalities associated with trespassing on railroad property are significant, with nearly 1,800 fatalities in the past ten years. The rail safety education group Operation Lifesaver reports that a motorist is almost 20 times more likely to die in a crash involving a train than in a collision involving another motor vehicle. The chance of serious accidents increases during the summer, as children are out of school

Pamela L. Carter Elected to CSX Corporation Board of Directors

June 30, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced that Pamela L. Carter has been appointed to the company’s board of directors, effective June 29, 2010. Carter will serve on the company’s Governance Committee and Operations and Public Affairs Committee. Carter is President of Cummins Distribution, a $1.8 billion division of Cummins Inc., a position she has held since 2008. She joined Cummins in 1997 and has held a variety of leadership positions in the company. Prior to her career with Cummins, Carter served in several capacities with the State of Indiana. She was the first African-American woman elected to the office of

CSX Obtains LEED Green Building Certification

June 23, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. has obtained its first LEED green building certification from the U.S. Green Business Council. The LEED® certified building is a newly constructed 22,500-square-foot division headquarters in Florence, South Carolina, which includes 32 offices, a large conference room, a fitness center and a dispatch center. “CSX is committed to implementing innovative and sustainable practices throughout the company’s network,” said W. Wayne Bostic, AIA, CSX director of facility design. “Reducing our carbon footprint is a major focus of our everyday operations and that translates to constructing facilities which are environmentally-friendly.” The building, constructed by Breaking Ground Contracting

Eco-Friendly Intermodal Cranes Will Improve Efficiency and Aid Economic Competitiveness

June 17, 2010 Railfanning.org News Wire

TOLEDO, Ohio — CSX has joined with the Toledo-Lucas County Port Authority and the National Gateway to celebrate today the arrival of five new ultra-efficient intermodal cranes at the Port of Toledo. The cranes are bound for the new Northwest Ohio Intermodal Terminal in North Baltimore, Ohio. “These cranes represent a major part of the revolution in environmentally-friendly freight transportation taking place in this region,” said Peter Craig, terminal superintendent, CSX Intermodal. “Once installed, the cranes will reduce emissions and improve the efficiency of our operations throughout the Midwest, while increasing the economic competitiveness of the entire country.” Manufactured by

CSXT Announces Rail Security Partnership with Florida

May 28, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation (CSXT) announced that it has entered into a rail security partnership with the State of Florida that represents a model CSXT hopes to use with other states it serves.

CSX Transportation’s Memphis-Nashville Line to Re-Open

May 25, 2010 Railfanning.org News Wire

JACKSONVILLE, Fla. — Working ahead of schedule, CSX Transportation plans to re-open its Memphis-Nashville line that was heavily damaged by severe flooding earlier this month, company officials said.

CSX Executive Discusses Opportunities for Women in the Future of Freight Rail

May 21, 2010 Railfanning.org News Wire

WASHINGTON — Today’s freight rail industry offers great opportunities for women leaders to address critical challenges facing the nation, Lisa Mancini, CSX Corporation senior vice president, human resources and labor relations, said during a panel on “The Evolving Subject of Leadership” at the Women’s Transportation Seminar Annual Conference in Washington.