American ShipperIntermodal

CSX TO APPEAL $850-MILLION JUDGMENT FOR TANK FIRE

CSX TO APPEAL $850-MILLION JUDGMENT FOR TANK FIRE

   A judgment in lower courts upheld the damages of $850 million against CSX Transportation regarding a 1987 tank car fire in New Orleans, La. CSX plans to appeal the ruling to the state supreme court.

   A representative from CSX stated that the company believes the decision is not consistent with either the facts of the case or the applicable law.

   CSX Corp, based in Richmond, Va., operates rail a network across the eastern U.S. that provides intermodal, domestic container shipping and global container operations.