CSX – Page 26 – Railfanning.org

Senators Want to Look at Proposed CSX Investors

June 5, 2008 Railfanning.org News Wire

WASHINGTON — Democratic and Republican senators want an investigation into the push that foreign investors are making to take control of CSX, according to a published report. “Very little is known about the investors in the TCI group or those investors’ agenda,” the senators said in a letter to Treasury Secretary Henry Paulson, USA Today reported. “They are anonymous and invisible to government regulators” and could be fronts for foreign governments.” TCI is a hedge fund that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting. In March, CSX filed

CSX Appoints Gary Bethel as Vice President-Mechanical

May 31, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — Gary Bethel has been appointed as CSX’s Vice President-Mechanical, replacing Rich Regan, who will retire after 33 years of service. Bethel has served as Atlanta Division manager and in other key operating positions. His appointment is effective immediately, and a new Atlanta Division manager will be named soon. “Gary Bethel brings a wealth of operating and management experience to this important position,” said Tony Ingram, executive vice president and chief operating officer. “He will lead our efforts to maintain and improve our locomotive reliability and rail car availability, all with safety at the forefront.” Bethel began his

Rail Network Could Face Major Congestion in Coming Decades

May 30, 2008 Railfanning.org News Wire

WASHINGTON — Congestion on the nation’s rail network is expected to increase over the next two decades and could eventually pose a major problem, members of Congress warned. Since deregulation of the freight railroad industry in 1980, Class 1 freight ton-miles have increased 93 percent, while miles of track have decreased 40 percent, U.S. Rep. Corrine Brown, D-Fla., said. The U.S. Department of Transportation estimates that the demand for rail freight transportation will increase 88 percent by 2035, and their studies estimate that an investment of $148 billion in infrastructure expansion will be needed over the ext 28 years to

Public Private Partnership Brings New GenSet Ultra-Low Emission Locomotives to CSX Transportation

May 27, 2008 Railfanning.org News Wire

DEARBORN, Mich. — CSX Transportation, the Michigan Department of Transportation (MDOT), and the Southeast Michigan Council of Governments (SEMCOG) have announced the introduction of two ultra-low emission GenSet locomotives at CSXT’s Rougemere Yard in Dearborn, Mich. GenSet locomotives reduce nitrous oxide and particulate matter emissions by 80 percent and can create carbon dioxide emissions savings of approximately 50 percent by monitoring engine idling and switching to a “sleep” mode after a period of inactivity. The technology for these locomotives was purchased through a public-private partnership with the state of Michigan. The locomotives are the first low-emission locomotives to be deployed

Railroads, Customers Meet to Discuss Freight Transportation Needs, Challenges

May 23, 2008 Railfanning.org News Wire

WASHINGTON — The nation’s major freight railroads and their customers met this week to discuss the many challenges ahead in freight transportation, working together to make sure America’s freight rail network continues to be the best in the world. “Freight traffic is expected to increase dramatically over the next decade,” said CSX Chief Executive Officer Michael Ward, who gave the keynote address at the recent 2008 North American Rail Shippers Association (NARS) meeting. “If we want to see more of that traffic on rail and less on our overcrowded highways, railroads and shippers need to be ready to meet that

CSXT and Brewton First Responders to Hold Safety Blitz and Safety Class

May 6, 2008 Railfanning.org News Wire

BREWTON, Ala. — CSX Transportation will hold several railroad safety awareness activities on May 6 in conjunction with the Brewton Police Department, the Brewton Fire Department as well as Alabama Operation Lifesaver Volunteers. A safety blitz will take place at the CSXT railroad crossing at Mildred and Deer Streets from 9-11 a.m. Drivers in that area will be greeted by CSXT employees, Operation Lifesaver volunteers and area first responders, who will distribute safety flyers to drivers while they are stopped at the red lights on either side of the street approaching the crossing. In addition, CSXT will conduct a Railroad

CSX Highlights Board’s Market-Leading Track-Record in Investor Presentation

May 2, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with the company’s 2008 annual meeting of shareholders, which is scheduled for Wednesday, June 25. “CSX’s Board of Directors has driven extraordinary shareholder returns, financial and operational performance, and excellence in corporate governance and offers a compelling future outlook,” said Michael J. Ward, CSX chairman, president and chief executive officer. “We look forward to meeting with CSX investors to discuss our track-record of success and concrete plans to continue to create value for all shareholders. We believe that the

CSX Announces National Gateway to Improve Flow of Freight

May 2, 2008 Railfanning.org News Wire

DUBLIN, Ohio — CSX Corp. has launched the National Gateway, a $700 million public-private infrastructure initiative to create a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. When completed, the National Gateway would provide greater capacity for product shipments in and out of the Midwest, reduce truck traffic on already crowded highways, and create thousands of jobs that directly or indirectly support the National Gateway. CSX has already committed $300 million to the National Gateway, and will work with several states and the federal government to secure additional funding. The National Gateway incorporates two primary parts.

CSX: Facility Improvements Planned for Erwin, Tenn.

April 11, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation has announced facility expansions and enhancements at its Erwin, Tenn., facility as the railroad moves forward with an initiative to further improve the delivery of coal and other freight. Erwin, the former headquarters of the CSXT predecessor Clinchfield Railroad, is an important gateway for coal trains operating from Appalachia to receivers such as electrical power utilities. As part of an expanded project focused on improving bulk freight service including coal and grain, approximately $6 million in track and structure work will be performed at the Erwin terminal during 2008. This work will accommodate a growing

Pacer Stacktrain Initiates Expanded Intermodal Services with BNSF Railway

April 3, 2008 Railfanning.org News Wire

CONCORD, Calif. — Pacer International Inc. announced expanded intermodal services between its Pacer Stacktrain unit and BNSF Railway which allows Pacer Stacktrain to begin full service on their network effective April 1, 2008. Pacer Stacktrain will — for the first time — have access to the entire BNSF intermodal network within the United States. Interline service is available to and from Pacer-served CSX and Canadian National locations. “We are very pleased to have expanded our service with BNSF. The new Pacer Stacktrain BNSF Double Stack Service is a major milestone for our customers, providing fast and reliable ramp-to-ramp and door-to-door