CSX Corp. on Tuesday announced record fourth-quarter 2014 net earnings of $491 million, a 15% increase from $426 million for the same period last year, due in part to highway-to-rail freight conversions.
Canadian Pacific Railway Ltd. announced Monday that exploratory conversations held with CSX Corp. about a possible merger between the two railroads have ended. No further talks are planned.
The Maryland Department of Transportation has terminated its agreement with railroad operator CSX to locate a new Baltimore Rail Intermodal Facility in the western part of the city and has pulled all state funding from the project.
Evansville Western Railway, an affiliate of CSX, has started operations at a new intermodal terminal located in Winter Haven, Fla.
CSX Corp. and its transportation and intermodal terminals subsidiaries announced plans to design and build a new intermodal facility in McKees Rocks and Stowe Township, Pa., near Pittsburgh. The proposed facility will give western Pennsylvania shippers direct intermodal freight rail access.
CSX Corp. and its transportation and intermodal terminals subsidiaries announced an expansion of the company's intermodal presence in the greater Montreal region and Quebec.
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