CSX – Page 24 – Railfanning.org

CSX: We Lead Class One Railroads in Carbon Disclosure Project Scoring

October 3, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. said it achieved the best score among Class One freight railroads in the Carbon Disclosure Project’s (CDP) 2008 Report and third best in the overall Transports and Logistics category. CDP is a not-for-profit organization representing the interests of 385 mostly-institutional investors with more than $57 trillion in assets under management. CDP’s role is to, “act as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations, to the global market place.” CSX’s Climate Leadership Index score was compiled by aggregating its weighted answers

House Approves Rail Safety Bill; Billions to go to Passenger Rail

September 27, 2008 Railfanning.org News Wire

WASHINGTON — The House of Representatives has approved legislation that proponents say will improve the Nation’s intercity passenger rail system and the safety of the nation’s railroads. The Rail Safety Improvement Act of 2008 and the Passenger Rail Investment and Improvement Act of 2008 will increase funding for Amtrak over the next five years, require new safety controls on trains that help reduce crashes, allow states to regulate solid waste processing facilities along rail lines and allocate funding for improvements to Washington’s Metro transit system. The legislation sets “an aggressive deadline” of 2015 for implementation of positive train control (PTC)

Hurricane Ike Causes Rail Freight Downturn

September 27, 2008 Railfanning.org News Wire

WASHINGTON — Freight traffic on U.S. railroads was off sharply during the week ended September 20 in comparison with the same week last year, the Association of American Railroads (AAR) reported. Much of the decline can be attributed to disruptions caused by Hurricane Ike which struck the Gulf Coast Sept. 13. Total volume was estimated at 32.8 billion ton-miles, down 6.8 percent from the comparable week last year. Carload freight in the week totaled 312,662 cars, off 7.8 percent from last year. Volume was down 10.4 percent in the West and 4.3 percent in the East. Intermodal volume, which is

CSX: Weather to Reduce Q3 Operating Income

September 23, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. said that the financial impact of recent storms in the Gulf Coast and Midwest is now expected to reduce third quarter operating income by $40 million to $50 million and earnings per share by six to eight cents. The impact is primarily related to asset write downs, business interruption and reroute expenses, the company said. — PRNewswire-FirstCall

CSX Invites TCI Group Nominees to Join Board

September 16, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — Following a decision by the Second Circuit Court of Appeals in New York, CSX Corp.’s Board of Directors has invited TCI Group nominees Christopher Hohn and Timothy O’Toole to join the board immediately. Hohn and O’Toole would succeed Dr. William C. Richardson and Dr. Frank S. Royal, each of whom has resigned effective upon his successor taking office. “We are very pleased with the Court’s decision. We hope CSX will now acknowledge that four of our nominees were elected,” TCI said in a statement. “It is time for the entire duly elected Board, including Chris Hohn and

CSX Corp. Names Michele Mastrean Vice President-Compensation and Benefits

September 15, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation has appointed Michele Mastrean as vice president-compensation and benefits, effective immediately. The position reports to Bob Haulter, CSX Corporation’s senior vice president-human resources and labor relations. Mastrean will direct the delivery of broad-based compensation programs as well as health, retirement and savings benefits for CSX. She will also develop compensation policies to continue to provide employees with competitive pay and maintain compatibility with business goals. Most recently, Mastrean was vice president-HR Total Compensation, for Halliburton Company. “Michele brings diverse human resources experience to CSX, including significant accomplishments in the design and delivery of innovative compensation

CSX Corporation Names Michele Mastrean Vice President-Compensation and Benefits

September 12, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation announced the appointment of Michele Mastrean as vice president-compensation and benefits, effective immediately. The position reports to Bob Haulter, CSX Corporation’s senior vice president-human resources and labor relations. Mastrean will direct the delivery of broad-based compensation programs as well as health, retirement and savings benefits for CSX. She will also develop compensation policies to continue to provide employees with competitive pay and maintain compatibility with business goals. Most recently, Mastrean was vice president-HR Total Compensation, for Halliburton Company. “Michele brings diverse human resources experience to CSX, including significant accomplishments in the design and delivery of

Marshall University Receives FRA Grant to Test Mobile Integrated Track Technology

September 12, 2008 Railfanning.org News Wire

WASHINGTON — Marshall University in West Virginia is receiving a $286,650 grant from the Federal Railroad Administration to demonstrate and test the integration of different track inspection technologies on a mobile platform or high-rail vehicle to assist rail inspectors in identifying track flaws. The project will combine high-accuracy differential GPS with technologies that can evaluate subsurface areas under the track ballast, identify potential track buckling locations, measure track gage widths, and assess weak rail segments among other capabilities. Marshall University is partnering with CSX Transportation in the performance of this project.

CSX Reports on Track Inspections Following Gustav

September 3, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation (CSXT) has completed its initial inspection of track and terminals in the Gulf Coast region impacted by Hurricane Gustav. Though no significant damage occurred to any of CSXT’s bridges or terminals, the company has identified at least 21 miles of track with substantial impact. Repairs to the track damage, which begins about 10 miles east of New Orleans, will require at least two weeks. As a result, a daily average of 7-10 trains will continue to be rerouted through alternative gateways at Memphis, Tenn.; Birmingham, Ala.; and East St. Louis, Ill. Due to traffic routed

CSXI Celebrates National Driver Appreciation Week

August 28, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — As part of National Truck Driver Appreciation Week, CSX Intermodal (CSXI) is paying tribute to its owner-operators with events at many of the terminals where trains exchange containers and trailers with trucks. Truck drivers arriving at many of CSXI’s 40 terminals are greeted by banners proclaiming “thank you.” Meals are being served and gifts ranging from commemorative caps to sunglasses and tread gauges are being handed out. “Professional truck drivers are critical to our nation’s supply chain,” said Jim Hertwig, CSX Intermodal president, who rode with drivers in New Jersey and Chicago on deliveries of freight that