CSX
CSX
BNSF
BNSF
AAR: Rail Carload Freight Reaches Highest Level in More Than a Year
WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
CSX
CSX Intermodal and Union Pacific Railroad Announce UMAX Domestic Interline Container Program
JACKSONVILLE, Fla. — UMAX, a new domestic interline container program created by CSX Intermodal and Union Pacific Railroad, will provide customers access to more than 20,000 containers and expanded market reach across North America. UMAX will feature more than 600 service lanes supported by faster and more frequent train schedules. UMAX launches March 29, 2010. “UMAX will offer extensive market access and expanded capacity across a nationwide intermodal network,” said John Kaiser, Union Pacific vice president and general manager – Intermodal. “Union Pacific and CSX Intermodal are committed to delivering market-competitive service and value to our customers, providing truck-competitive schedules
CSX
CSX Corporation Announces Offers to Exchange Outstanding Debt Securities for New Notes and Cash
JACKSONVILLE, Fla. — CSX Corp. announced the commencement of private offers to exchange certain of its outstanding debt securities for a new series of 6.220 percent notes due 2040 and cash. The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in the offering memorandum dated February 22, 2010 and the related letter of transmittal. The Exchange Offers are only made, and copies of the offering documents will only be made available, to a holder of the Existing Notes who has certified its status as a “qualified institutional buyer” as defined in Rule 144A
CSX
CSX Announces Fourth Quarter and Full-Year 2009 Earnings
JACKSONVILLE, Fla. — CSX Corp. announced fourth quarter earnings from continuing operations of $305 million, or 77 cents a share, versus $361 million, or 92 cents a share, in the same period last year. Fourth quarter revenue of $2.3 billion was 13 percent down from the prior year. This was driven by a 7 percent overall decline in volume as growth in the intermodal and automotive sectors was more than offset by declines in coal and merchandise. In addition, lower fuel prices led to decreased fuel surcharge recovery. Despite these factors, core pricing remained strong, reflecting high service levels and
CSX
Robertson Named CSX AVP-Regional Development
JACKSONVILLE, Fla. — CSX Transportation announced that Clark Robertson, a veteran of commercial real estate investment and management, has joined the company as Assistant Vice President-Regional Development. Robertson, who has significant experience in business development of port, intermodal and industrial properties and facilities, will report to Fredrik Eliasson, Vice President-Emerging Markets. Robertson was most recently First Vice President at ProLogis where he was responsible for several strategic alliances with marine ports and railroads. His 25-year career has also included work at Cherokee Investment Partners, The Broe Companies and Trammell Crow. “We are pleased to welcome Clark Robertson to CSX Transportation