CSX – Page 27 – Railfanning.org

NTSB Investigating Toledo, Ohio, Rail Yard Incident

April 2, 2008 Railfanning.org News Wire

TOLEDO, Ohio — The National Transportation Safety Board today dispatched two investigators from its Office of Railroad, Pipeline and Hazardous Materials Investigations to investigate an accident that occurred early yesterday morning at CSX’s Stanley Yard near Toledo, Ohio. A CSX Transportation employee switching rail cars on one track was seriously injured after being struck by a moving rail car on an adjacent track within Stanley Yard. Some movement activities within the rail yard are performed using Remote Control Operations technology. Jeff Leaman is the NTSB Investigator-in-Charge. — Special to Railfanning.org News Wire

CSX Transportation Established Huntington Dispatching Center

April 1, 2008 Railfanning.org News Wire

HUNTINGTON, W.Va. — CSX Transportation is establishing a new dispatching center at its division headquarters in Huntington, with approximately 80 train dispatcher and related positions being relocated here, CSX Chairman, President and Chief Operating Officer Michael J. Ward announced. “CSX has a rich history in the Mountain State and we’re delighted the company is investing in these good jobs in Huntington,” said West Virginia Gov. Joe Manchin. “This is a partnership for success for both CSX and for West Virginia.” Train dispatchers plan, direct and respond to any issue relating to the movement of trains, maintenance and inspection equipment on

CSX Files Federal Suit, Alleging Violations of Federal Securities Laws

March 27, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. has filed a federal lawsuit against The Children’s Investment Fund (TCI) and 3G Capital Partners (3G), alleging violations of federal securities laws. TCI and 3G are hedge funds that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting. CSX filed the lawsuit in the United States District Court for the Southern District of New York. CSX alleges TCI and 3G violated federal securities laws, including violations of Section 13(d) of the Securities Exchange Act of 1934. The lawsuit alleges, in part, that TCI employed swap

CSX Transportation Launches Carbon Calculator

February 8, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation today launched an online Carbon Calculator, giving shippers and others the ability to make the best environmental choice of transportation options. The user-friendly tool quickly calculates the carbon dioxide (CO2) emissions savings of specific rail shipments, providing comparative data among transportation choices. The Carbon Calculator, accessed through the company’s Web site prompts users to enter their shipment’s weight and miles shipped and returns the estimated CO2 savings of shipping by rail. “Rail is the most environmentally-friendly and energy efficient land transportation option,” said Clarence Gooden, CSX executive vice president and chief commercial officer. “This tool

CSX Reports Strong Double Digit Earnings Growth in Fourth Quarter

January 23, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. reported fourth quarter 2007 net earnings of $365 million, or 86 cents per share, including a penny per share from insurance gains. In the fourth quarter of last year, the company reported earnings of $347 million, or 75 cents per share, including 18 cents per share from insurance gains, a gain on Conrail property and the resolution of certain tax matters. On a reported basis, earnings per share increased 15% percent on a year-over- year basis. “Once again, CSX delivered outstanding financial gains for our shareholders through strong improvements in safety, service and productivity,” said

Genesee & Wyoming Completes Acquisition of Maryland Midland Railway

January 7, 2008 Railfanning.org News Wire

GREENWICH, Conn. — Genesee & Wyoming Inc. has completed its acquisition of 87.4 percent of the Maryland Midland Railway for cash consideration of approximately $29.1 million, to be adjusted for final working capital. Maryland Midland, located approximately 40 miles from GWI’s York Railway, operates over 63 miles of track between Glyndon and Highfield, Md., and between Walkersville and Taneytown, Md. The railroad has 30 employees and is an interline carrier with CSX. Lehigh Cement, which is Maryland Midland’s largest customer, retains its 12.6 percent ownership of the railroad. — PRNewswire-FirstCall

Three Charged in Atlanta Rail Car Thefts

December 4, 2007 Railfanning.org News Wire

ATLANTA — Three people have been arrested for stealing computers from a CSX freight train parked in a local rail yard. Police say 19 rail cars were burglarized and officers recovered 26 computers and various other items that were stolen from the cars, The Atlanta Journal-Constitution reported. CSX police saw the men and called Atlanta authorities, WAGA-TV reported. — Railfanning.org News Wire

U.S. Class I Railroads Dominate Top 25 in List of Military-Friendly Employers

November 22, 2007 Railfanning.org News Wire

WASHINGTON — America’s freight rail industry dominated the fifth annual America’s Top 50 “Military Friendly-Employers” list published by G.I. Jobs, the nation’s premier career guide for military job-seekers. The magazine named four Class I freight railroads in the top half of the most military-friendly employers for 2007, selecting BNSF Railway as the No. 1 employer of military personnel. Also making the list were Union Pacific, CSX Transportation and Norfolk Southern. “The nation’s freight railroads maintain a strong commitment to the men and women who serve our country,” said Edward R. Hamberger, president and CEO of the Association of American Railroads.

CSXT Employee Wins Rail Industry’s Professional Environmental Award

October 26, 2007 Railfanning.org News Wire

JACKSONVILLE, Fla. — The Association of American Railroads granted its top award for environmental professionals, the 2007 North American Environmental Employee Excellence Award, to Keith A. Brinker, manager of environmental remediation at CSX Transportation. Brinker received the award during an annual railroad environmental conference. A 28-year railroad veteran, Brinker’s accomplishments include: helping to establish CSXT’s first Environmental Operations Department; devising numerous standard operating procedures for the use of chemicals and cleaners; and organizing CSXT’s internal Environmental Crimes Unit (ECU), which ensures compliance with government and company regulations. “Perhaps [the railroad industry’s] most important environmental advantage comes from dedicated employees like

CSX Reports Strong Third Quarter Earnings

October 23, 2007 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corporation reported third quarter 2007 net earnings of $407 million, or 91 cents per share, including 24 cents per share from discontinued operations. In the same quarter last year, the company reported earnings of $328 million, or 71 cents per share, including 17 cents per share from insurance gains and the resolution of certain tax matters. On a comparable basis, excluding these items, earnings per share from continuing operations increased 24 percent on a year-over-year basis. “Our core earning power continues to improve in a more challenging transportation environment,” said Michael Ward, chairman, president and CEO.