Advertisement
HomeCollectionsCsx Corp
IN THE NEWS

Csx Corp

FIND MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
By Suzanne Wooton and Suzanne Wooton,SUN STAFF | May 8, 1997
CSX Corp. said yesterday it is shifting another 142 jobs from its downtown Baltimore office to its rail headquarters in Jacksonville, Fla. as part of the railroad's consolidation, which has resulted in the loss of 1,100 jobs here since 1991.The move is expected to occur over the next three months, according to Rob Gould, a spokesman for CSXT, the railroad division of CSX Corp. While the shift will result in the loss of some jobs through layoffs and attrition, most of the employees here will be offered work in Jacksonville, he said.
ARTICLES BY DATE
NEWS
By Kevin Rector, The Baltimore Sun | July 13, 2013
A man was struck and killed by a CSX Corp. train in Lansdowne on Saturday morning, according to Baltimore County Police. Officers were called to train tracks near the intersection of Lansdowne Road and Hammonds Ferry Road shortly after 8 a.m. and found the man, who was pronounced dead at the scene, according to Officer Shawn Vinson, a police spokesman. Police concluded the man was struck by the train as it was passing through the area, Vinson said. An investigation into the incident was ongoing as of Saturday afternoon, Vinson said.
Advertisement
NEWS
By Kevin Rector, The Baltimore Sun | July 13, 2013
A man was struck and killed by a CSX Corp. train in Lansdowne on Saturday morning, according to Baltimore County Police. Officers were called to train tracks near the intersection of Lansdowne Road and Hammonds Ferry Road shortly after 8 a.m. and found the man, who was pronounced dead at the scene, according to Officer Shawn Vinson, a police spokesman. Police concluded the man was struck by the train as it was passing through the area, Vinson said. An investigation into the incident was ongoing as of Saturday afternoon, Vinson said.
NEWS
By Kevin Rector and Alison Knezevich, The Baltimore Sun | May 30, 2013
As Rosedale residents and business owners began to clean up after the fiery train derailment, federal officials said Wednesday that a chemical, sodium chlorate, had likely exploded in one of the train cars. Investigators with the National Transportation Safety Board said Tuesday afternoon's explosion occurred 5 minutes and 23 seconds after the train collided with a truck at an unprotected crossing. Officials will inspect the truck - a 2003 Mack Granite operated by Alban Waste LLC - including an examination of the brakes, board member Robert Sumwalt said at a news briefing.
BUSINESS
July 22, 1994
Contractors become partnersJ. F. Fischer Inc. and Power and Combustion Inc., two local mechanical contracting companies, yesterday announced they have agreed to establishing a partner relationship.The two companies, which will remain separate legal entities, this fall will move into the same location at 7909 Philadelphia Road in Baltimore. Fischer specializes in commercial heating, air conditioning and plumbing while Power and Combustion concentrates on boiler plants, industrial piping and emergency mechanical service.
NEWS
By Candus Thomson, The Baltimore Sun | March 29, 2012
CSX Corp. said Thursday that it would hire more than 140 employees in Maryland this year. The new employees, who will be based primarily in Baltimore and Cumberland, will operate trains and maintain tracks, locomotives and rail cars. The company maintains nearly 1,400 miles of track in Maryland and operates facilities in Baltimore, Cumberland, Hagerstown and Jessup. Applications are available on the company's website. CSX said it recruited military veterans, with nearly one in five of its employees having served in the armed forces.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau | July 24, 1992
NEW YORK -- Modest but widespread improvement in the overall economy played a pivotal role in strong core results reported yesterday by CSX Corp., a Virginia-based transportation company.Speaking before more than 100 security analysts in New York, the company's chief executive, John Snow, said gains in traffic, "while not stupendous, were very strong and very broad. We are coming out of the recession; it's slow but steady. There has been talk of a triple-dip recession. We don't see that."Adjusted for special charges and special gains, the company's second-quarter earnings rose to $128 million, or $1.25 a share, from $91 million, or $.91 a share.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | November 30, 2000
Baltimore native Michael J. Ward has been named president of CSX Transportation Inc., which operates the largest railroad in the Eastern United States - and the primary line serving the port of Baltimore. Ward, 50, has been with the CSX Corp. subsidiary for his entire career, serving most recently as executive vice president of operations. Ward assumed that post in April after a management shake-up that coincided with the departure of Ronald J. Conway, who formerly headed CSX's railroad subsidiary.
BUSINESS
By Ted Shelsby | January 9, 1992
CSX Corp., the descendant of the Baltimore and Ohio railroad, said yesterday that it would take a $755 million pretax write-off in the fourth quarter of 1991, sidetracking any chance the company had of posting a profit last year.The Richmond, Va.-based international transportation company said that $634 million of the total charge to earnings was related to an employee buyout program designed to cut costs and boost productivity.In the first nine months of 1991, the company had profits of $280 million.
BUSINESS
September 24, 1997
CSX Transportation is putting 18 Maryland industrial and manufacturing sites on the auction block in the railroad's attempt to sell off surplus land.The sites are valued at more than $6 million, according to the Carlton Group Ltd., a New York-based firm handling the auction.The deadline for bids is Oct. 14.The properties include 13 parcels in Baltimore, two in Jessup, one in Halethorpe and one in the Cecil County community of West Leslie.The parcels range in value from $60,000 to $5 million.
NEWS
By Kevin Rector, The Baltimore Sun | February 21, 2013
Just before midnight Wednesday, three words brought a stream of emergency crews and hazardous materials units to a wooded corner of Cecil County just north of Interstate 95: liquid sulfuric acid. A train operated by CSX Corp. derailed about 11:45 p.m., and initial reports said two cars contained the highly corrosive and environmentally dangerous substance. Luckily, officials said, the acid didn't leak, even though the cars containing it were off-kilter. "They were either sideways or just off the rail, but none are on their side," said CSX spokesman Bob Sullivan of the nine cars determined to have slipped off the tracks.
NEWS
By Candus Thomson, The Baltimore Sun | March 29, 2012
CSX Corp. said Thursday that it would hire more than 140 employees in Maryland this year. The new employees, who will be based primarily in Baltimore and Cumberland, will operate trains and maintain tracks, locomotives and rail cars. The company maintains nearly 1,400 miles of track in Maryland and operates facilities in Baltimore, Cumberland, Hagerstown and Jessup. Applications are available on the company's website. CSX said it recruited military veterans, with nearly one in five of its employees having served in the armed forces.
NEWS
By Michael Dresser and Michael Dresser,Sun reporter | December 5, 2007
CSX Transportation, which operates trains that carry hazardous freight through the heart of Baltimore, has assured the city's members of Congress that the company is talking with Maryland officials about "immediately" including the state in a pilot project that gives security officials access to information about dangerous cargo. In a letter to five Maryland legislators, CSX Corp. Chief Executive Officer Michael J. Ward also promises to give Baltimore officials access to its network operations during future Ravens games this season at M&T Bank Stadium, which borders the CSX tracks where 12 railcars derailed Nov. 24. The incident did not result in a leak or fire, but it renewed concerns raised by a 2001 derailment and subsequent conflagration in the nearby Howard Street Tunnel about the safety of transporting hazardous chemicals through downtown Baltimore.
NEWS
By MICHAEL DRESSER and MICHAEL DRESSER,SUN REPORTER | February 14, 2006
Four and a half years after a derailment and fire in the Howard Street Tunnel created havoc downtown, CSX Transportation Inc. has agreed to pay Baltimore $2 million to settle the city's lawsuit against the railroad company. Mayor Martin O'Malley and CSX Corp.'s chairman and chief executive officer, Michael J. Ward, said the railroad will defray the city's costs from the fire and the cleanup without either side admitting fault in the July 2001 accident. "Rather than continuing to litigate, both parties have agreed to dedicate shared resources and energy to further enhance safety and security in the city," O'Malley and Ward said in a statement yesterday announcing the settlement.
BUSINESS
By BLOOMBERG NEWS | March 25, 2003
WASHINGTON - CSX Corp., the third-largest U.S. railroad owner, paid John W. Snow $60.8 million in deferred pay, stock and pension when he resigned as chief executive in January to become Treasury secretary. Snow received $8.7 million in deferred cash compensation over 17 years, $18.9 million in stock that had been accrued over 10 years and $33.2 million in a lump sum pension payment, the company said in a statement filed yesterday with the Securities and Exchange Commission. The Senate confirmed Snow's nomination in January to replace Paul H. O'Neill as Treasury secretary.
NEWS
By Warren Vieth and Richard Simon and Warren Vieth and Richard Simon,SPECIAL TO THE SUN | December 11, 2002
WASHINGTON - CSX Corp, the big railroad company headed by Treasury Secretary-designate John W. Snow, paid no federal income taxes during at least two of the past four years despite recording more than $1 billion in pretax profits. Over the same four-year period, the company gave Snow $36 million in salary, bonuses, stock and options, and forgave a $24 million loan so he wouldn't lose money along with other shareholders as the company's stock price declined. Although CSX's tax and compensation practices appear to be legal, these and other aspects of Snow's career suggest the man President Bush has chosen to head his revamped economic team may have plenty of explaining to do before he takes the oath of office.
NEWS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | January 7, 1992
CSX Transportation Inc., the railroad operation arm of CSX Corp., announced today that it will transfer the last remaining 350 headquarters jobs from Baltimore to Jacksonville, Fla.The move will leave the city without a major railroad headquarters for the first time in 163 years.However, many operations that support the railroad will continue to be based in Baltimore, according to Donna Rohrer, a spokeswoman for CSX Transportation.The action is part of CSX's effort to be competitive in the 1990s, Rohrer said.
BUSINESS
By Suzanne Wooton and Suzanne Wooton,SUN STAFF | November 9, 1996
In the latest skirmish in the battle over Conrail Inc., Norfolk Southern Corp. boosted its hostile takeover bid to $110 a share yesterday, topping the latest offer by friendly suitor CSX Corp. How high the bidding could go remained uncertain."This was inevitable, but I don't think that Norfolk is going to go any higher," said Thom Brown, rail analyst for Rutherford Brown & Catherwood, a Philadelphia investment firm. "This is the outside limit of what the thing would be worth."The bid by Norfolk Southern yesterday is the latest in a series of dramatic back-and-forth moves between the East Coast's largest railroads to acquire Conrail and its lucrative Northeast territory.
NEWS
By Joan Jacobson and Joan Jacobson,SUN STAFF | January 10, 2001
Two Pennsylvania men were injured - one of them critically - when a CSX train slammed into their pickup truck at an icy rail crossing on a private road north of Reisterstown yesterday morning. The train - made up of four locomotives headed from Hanover, Pa., to Baltimore - hit the truck broadside at 10:57 a.m., police said, and dragged it south about 30 feet to an embankment along Route 30. The truck's driver, Joshua Freeburn, 24, of the first block of Coffeytown Road in Dillsburg, Pa., was trapped in the vehicle and freed by Baltimore County firefighters, said Cpl. Vickie Ware- hime, county police spokeswoman.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | November 30, 2000
Baltimore native Michael J. Ward has been named president of CSX Transportation Inc., which operates the largest railroad in the Eastern United States - and the primary line serving the port of Baltimore. Ward, 50, has been with the CSX Corp. subsidiary for his entire career, serving most recently as executive vice president of operations. Ward assumed that post in April after a management shake-up that coincided with the departure of Ronald J. Conway, who formerly headed CSX's railroad subsidiary.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.