Elevated numbers of CSX employees who contracted COVID-19 or are in quarantine have resulted in operational challenges to the railroad in the fourth quarter and into 2021.
CSX’s fourth-quarter net income slipped 1% to $760 million amid a 2% decline in revenue.
A towing vessel struck a CSX swing bridge near Slidell, Louisiana, very early Wednesday morning. Rail operations have since resumed at a reduced speed.
The National Transportation Safety Board is looking into the factors that may have contributed to a fatal accident at the Acca rail yard in Richmond, Virginia, in October.
The National Transportation Safety Board said the freight rail industry needs to reconsider where it places buffer cars on high-hazard flammable trains in order to reduce potential accident severity.
CSX is looking for customers interested in developing facilities at the 225-acre Columbia Tennessee Rail Site.
Train lengths, improving network velocity and coronavirus uncertainties are among the big themes expressed by Class I railroad executives at a recent investor conference.
The acquisition would add Maine, New Hampshire and Vermont to CSX’s 23-state network.
The facility aims to provide plastics producers with an alternative to the Gulf Coast.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
