The Conrail acquisition is a continuing success and the Surface Transportation Board’s (STB) five-year oversight has achieved its goals, Michael Ward, Chairman, President and Chief Executive Officer of CSX Corporation, said May 3.
Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period.
CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate.
During a nine-day blitz, CSX suspended operations on a key rail line from Elkhorn City, Ky., to Laurens, S.C., while hundreds of railroad employees performed track upgrades, highway-rail crossing improvements and bridge and tunnel repairs.
In an effort to more quickly respond to changing market conditions and the continued volatility in fuel prices, CSX Transportation (CSXT) announced today modifications to its fuel cost recovery program.
Union Pacific Railroad and CSX Intermodal have announced a joint enhanced rail/truck service to Mexico from the eastern and southeastern United States.
U.S. intermodal rail traffic rose 11..2 percent (87,164 units) while U.S. rail carload traffic fell 0.1 percent (2,020 carloads) in January 2003 compared to January 2002, the Association of American Railroads (AAR) reported today.