CSX Corporation

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

Sick leave agreement between CSX and railroad signalmen ratified

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CSX and another division of union members with the Brotherhood of Railroad Signalmen have ratified a...

https://www.freightwaves.com/news/sick-leave-agreement-between-csx-and-railroad-signalmen-ratified

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

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

NTSB probe of CSX fatality to focus on employee training, close clearances

The National Transportation Safety Board will be focusing its investigation of an Aug. 6 fatality at a CSX rail yard in Cumberland, Maryland, on the railroad’s employee training regime, as well as the industry’s procedures for identifying areas where the clearance between rail equipment might be limited.

In a NTSB report issued Tuesday, it confirmed initial reported details about the incident, including that the conductor trainee, identified by CSX as Travis Bradley, sustained injuries while...

https://www.freightwaves.com/news/ntsb-probe-of-csx-fatality-to-focus-on-employee-training-close-clearances

Port of Oswego gets $4 million for cargo-handling and rail upgrades

The Port of Oswego, located on Lake Ontario along the New York shoreline, has received a $4 million federal grant to acquire new cargo handling equipment and improve rail infrastructure.

Funding from the U.S. Commerce Department’s Economic Development Administration (EDA) will enable the port to increase export capacity, which will in turn benefit local businesses seeking access to global export markets.

Commodities handled at the port include aluminum, steel, agricultural products, salt,...

https://www.freightwaves.com/news/port-of-oswego-gets-4-million-for-cargo-handling-and-rail-upgrades

Cross-border traffic, West Coast port activity benefit Eastern railroads

Canadian Pacific Kansas City’s plans to drum up additional cross-border business will benefit shippers wanting to use the eastern U.S. Class I railroads to access markets in the Southeast, according to executives speaking at an investor conference this week.

“I haven’t seen a new interchange pop up [in my years at CSX] … that is going to be as significant as this one,” CSX CFO Sean Pelkey said at Deutsche Bank’s transportation conference for investors Tuesday. 

Pelkey was referring to plans that...

https://www.freightwaves.com/news/cross-border-traffic-west-coast-port-activity-benefit-eastern-railroads

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