CSX

No Picture
CSX

Evergreen Names CSXI Carrier of the Year

March 27, 2009 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Intermodal (CSXI) has received the 2008 Carrier of the Year award from Evergreen Shipping Agency (America) Corporation. “This award is given on the basis of excellence in quality, service and support,” said Wesley Brunson, president of EGA. “We are pleased to present CSX Intermodal with the Carrier of the Year award in appreciation of their superb partnership with our customers and our company.” Jim Hertwig, president of CSXI, said his company strives to meet increasing standards in reliable and quality service, accurate systems, timely responses and overall value. “CSX Intermodal is proud to receive this award,
No Picture
CSX

CSXI President Applauds New Rail-Truck Opportunities

March 20, 2009 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Intermodal President James Hertwig says new technologies and improved cooperation between railroads and truckload carriers are producing new opportunities for both transportation modes. Hertwig made his comments recently in Orlando at the Truckload Carriers Association annual convention. He was part of a panel that included the moderator, Lana Batts, managing partner, Transport Capital Partners, LLC; John Hickerson, senior vice president and chief marketing officer, FFE Transportation Services, Inc.; and Patrick Quinn, president and co-chairman, U.S. Xpress Enterprises, Inc. The participants noted that the truckload industry faces long-term challenges that include fuel costs and driver shortages –
No Picture
BNSF

BNSF and CSX Enhance Container Service to the Southeast

March 19, 2009 Railfanning.org News Wire
FORT WORTH, Texas — BNSF Railway Co. and CSX Intermodal recently expanded their current intermodal container service to include several new locations in the Southeast. BNSF and CSXI will now serve Charleston, S.C.; Savannah, Ga.; and Miami, Orlando and Tampa, Fla., in addition to current eastern hubs at Atlanta, Ga.; Jacksonville, Fla.; and Charlotte, N.C. “BNSF and CSX expanded their original program because it proved to be very successful for both us and shippers,” said Steve Branscum, group vice president, Consumer Products. “Our combined service is competitive with highway carriers, saves shippers money and reduces fuel consumption for moving freight.
No Picture
CSX

RMI Announces Fourth Annual Fast Track Award Recipients

January 30, 2009 Railfanning.org News Wire
ATLANTA — RMI, the market leader and largest independent provider of accurate, reliable, comprehensive, and secure rail information services to the transportation industry, has announced its 2009 Fast Track Award winners. Now in its fourth year, the Fast Track Award program honors RMI customers who exemplify RMI’s goal to streamline processes and improve procedures in the rail industry. This year’s award recipients will be recognized in the 2009 Fast Track calendar. The Fast Track award is designed to recognize RMI’s RailConnect and ShipperConnect “power users,” those organizations that maximize the value of RMI’s services by implementing procedures resulting in more
No Picture
CSX

Chatham Intermodal Container Transfer Facility Opens at Savannah Port

January 22, 2009 Railfanning.org News Wire
SAVANNAH, Ga. — The Chatham Intermodal Container Transfer Facility (ICTF) officially opened at the Georgia Ports Authority’s Garden City (Ga.) Terminal. The new facility features three working tracks at 2,145 feet each and a total of 12,406 feet of storage tracks. The Port of Savannah is the only single facility on the U.S. East Coast with two on-terminal ICTFs. “A thriving business climate requires a transportation network that can support commerce and act as a catalyst to propel our economy forward,” Gov. Sonny Perdue said. “The completion of the Chatham ICTF will help achieve this goal.” The Port of Savannah’s
No Picture
CSX

CSX Announces Fourth Quarter Results

January 20, 2009 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Corp. announced fourth quarter earnings per share of 63 cents. These results include a noncash impairment charge of 27 cents per share related to the write-down of its investment in The Greenbrier resort. Excluding this charge and gains from insurance recoveries in the prior year quarter, comparable earnings per share increased to 90 cents, a 6 percent increase on a year-over-year basis. “CSX achieved solid financial results in the fourth quarter,” said Michael J. Ward, chairman, president and CEO. “The company finished 2008 in a strong financial position and began taking aggressive actions in the quarter
No Picture
CSX

CSX Announces Preliminary Fourth Quarter Results

January 12, 2009 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Corp. announced preliminary fourth quarter earnings per share of 63 cents. These results include a noncash impairment charge of approximately 27 cents per share related to the write-down of its investment in The Greenbrier resort in White Sulphur Springs, West Virginia. Excluding this charge and insurance gains of 1 cent in the prior year quarter, comparable earnings per share would be approximately 90 cents, which represents a 6 percent increase over the prior year quarter. Overall revenues are expected to be approximately $2.7 billion for the quarter, up 4 percent from the prior year period. This
No Picture
CSX

CSX Announces Approval of Lawsuit Settlement

January 9, 2009 Railfanning.org News Wire
JACKSONVILLE, Fla./ — CSX Corp. announced that a federal court in New York has issued an order preliminarily approving a settlement reached by all parties to a civil action brought by plaintiff, Deborah Donoghue, a shareholder of CSX, to recover so-called “short-swing” profits under Section 16(b) of the Securities Exchange Act of 1934 alleged to have been realized by defendants The Children’s Investment Fund and 3G Capital Partners LP in connection with their purchases and sales of CSX securities. CSX is party to the suit in name only, which was brought for the benefit of CSX, the railroad said in
No Picture
BNSF

AAR: Rail Freight Traffic Down During Holiday Week

December 31, 2008 Railfanning.org News Wire
WASHINGTON — Freight traffic on U.S. railroads was down during the holiday week ended December 27 in comparison with the corresponding holiday week last year the Association of American Railroads (AAR) reported today. Total volume was estimated at 21.4 billion ton-miles, down 20.1 percent from the same week last year. Intermodal volume totaled 124,061 trailers or containers, down 21.8 percent from last year, with container volume down 21.5 percent and trailer volume down 23.2 percent. Carload freight, which doesn’t include the intermodal data, totaled 200,365 cars for the week, down 21.7 percent from last year. Loadings were down 26.5 percent