CSX Corp.

Regulators nervous about rail freight decline

WASHINGTON — Federal regulators are summoning executives from the major freight railroads to a rare public hearing to explain how their companies plan to invest in and grow their business amid concern over recent negative volume trends.

In a notice published Friday, the Surface Transportation Board, which regulates railroad rates and service, said it also welcomes railroad customers, suppliers and rail labor to testify during the two-day hearing on Sept. 16 and 17 at STB headquarters in...

https://www.freightwaves.com/news/regulators-nervous-about-rail-freight-decline

CSX facing class action lawsuit over Kentucky derailment

A class action lawsuit has been filed against Eastern U.S. Class I rail carrier CSX over the train derailment that occurred in eastern Kentucky the day before Thanksgiving.

The lawsuit, filed Wednesday with the U.S. District Court for the Eastern District of Kentucky, alleges that local community members experienced symptoms such as difficulty breathing and sore throats because two rail cars carrying molten sulfur derailed and caught fire, resulting in the spread of toxic fumes in the area. 

The...

https://www.freightwaves.com/news/csx-facing-class-action-lawsuit-over-kentucky-derailment

Class I railroad executives outline plans to bolster rail service

The ongoing theme of improving rail service as a means to capture market share away from trucking again appeared in comments from Class I railroad executives speaking at recent investor conferences.

To frame the discussion around rail service, CSX executives started by looking at what factors and conditions led market share away from rail to truck.

The railroads need to demonstrate that the service they provide is consistently reliable, according to CSX President and CEO Joe Hinrichs. who pointed...

https://www.freightwaves.com/news/class-i-railroad-executives-outline-plans-to-bolster-rail-service

Railroad signalers union to conduct safety program with Norfolk Southern

The Brotherhood of Railroad Signalmen (BRS) announced two endeavors Thursday involving the two Eastern U.S. Class I railroads: a collaboration with Norfolk Southern for a pilot safety program with Norfolk Southern (NS) and a sick leave agreement with CSX. 

BRS’ collaboration with NS (NYSE: NSC) will consist of a one-year pilot program developed with input from the Federal Railroad Administration. The program will look at identifying safety improvements and best practices when sharing information...

https://www.freightwaves.com/news/railroad-signalers-union-to-conduct-safety-program-with-norfolk-southern

CSX COO says internal, industry collaboration key to capitalize on opportunities

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CSX’s new chief operating officer intends to break down internal information silos and support the...

https://www.freightwaves.com/news/csx-coo-says-internal-industry-collaboration-key-to-capitalize-on-opportunities

Third-quarter net earnings slip 24% at CSX

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A decline in operating revenues put pressure on CSX’s net profit for the third quarter of 2023.

Net...

https://www.freightwaves.com/news/third-quarter-net-earnings-slip-24-at-csx

NTSB probe of CSX carman death to focus on safety protocols, awareness

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The National Transportation Safety Board’s investigation of a September death at a CSX rail yard in...

https://www.freightwaves.com/news/ntsb-probe-of-csx-carman-death-to-focus-on-safety-protocols-awareness

‘Enough is enough’: Union calls for safety review after death of CSX carman

The rail union representing a carman who was fatally injured while working at a CSX rail yard in Ohio on Sunday is calling for the rail industry to examine its procedures on operating remote-controlled locomotives.

The Transportation Communications Union (TCU/IAM) and Brotherhood of Railway Carmen (BRC) identified the CSX employee as Fred Anderson. Other information, such as how long he worked at CSX, was not given.

“These tragedies are very painful reminders that the work our members perform is...

https://www.freightwaves.com/news/enough-is-enough-union-calls-for-safety-review-after-death-of-csx-carman

CSX and Georgia Ports Authority offering new intermodal service

Eastern Class I railroad CSX and the Georgia Ports Authority are offering an intermodal service that will run seven days a week and provide a direct rail connection between the Port of Savannah and CSX’s intermodal terminal in Rocky Mount, North Carolina.

The service, which will have a ship-to-shore time of about three days, connects GPA’s Mason Mega Rail terminal in Savannah with the CSX Carolina Connector (CCX) terminal in Rocky Mount, according to an announcement Thursday about the new...

https://www.freightwaves.com/news/csx-and-georgia-ports-authority-offering-new-intermodal-service

CSX in service recovery mode following Hurricane Idalia 

As Hurricane Idalia passes through the Southeast and heads out to the Atlantic Ocean, CSX is “evaluating the impacts” of the storm on its rail network and implementing service recovery plans, the railroad said in a service update late Wednesday.

Idalia hit the Big Bend area of Florida as a Category 3 hurricane on Wednesday. It was later downgraded to a tropical storm and pummeled Florida and southeast Georgia. The National Hurricane Center is now forecasting that Idalia is heading out to sea,...

https://www.freightwaves.com/news/csx-in-service-recovery-mode-following-hurricane-idalia

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