CSX Corp. will submit an amended and supplemented application to the Surface Transportation Board (STB) as part of the previously announced agreement to acquire New England’s Pan Am Railway’s Inc.
CSX Corp. is acquiring Quality Carriers Inc., the largest bulk liquid chemical truck transportation provider in North America, from Quality Distribution Inc. Terms of the transaction were not disclosed.
The transaction is part of the Commonwealth’s previously announced multi-billion dollar rail transportation initiative to improve service and infrastructure in the state.
CSX Corp. revenue for the fourth quarter decreased 2 percent from the prior year to $2.83 billion. Officials noted its intermodal growth was more than offset by lower fuel surcharge revenue and coal declines.
CSX earned a place on the Dow Jones Sustainability Index (DJSI) North America for the 10th consecutive year and was the only U.S. railroad to make the rankings.