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BNSF ready for rail deal with NS; CSX seen in play

2015-12-14 16:42:17| Railroads - Topix.net

NEW YORK - The railroad controlled by Warren Buffett's Berkshire Hathaway Inc. is open to making a competing bid for Norfolk Southern Corp., the target of a $27 billion takeover effort by Canadian Pacific Railway Ltd. Full story: Globe and Mail

Tags: play seen ready deal

 

CSX Expected to Announce Realignment due to Coal Revenue Drop

2015-12-14 09:02:22| Steel - Topix.net

As employees of AK Steel in Ashland brace for impending layoffs to arrive during the last two weeks of the year, reports are coming in that CSX is planning to realign the Hunt ington district. According to The Akron Railroad Club https://akronrrclub.wordpress.com/2015/12/08/csx-expected-to-re-align-huntington-division/ : "CSX may announce that it plans to realign its Huntington Division in the wake of falling coal traffic, Trains magazine reported .

Tags: due expected drop revenue

 
 

CSX breaks ground on Pa. intermodal rail terminal

2015-12-11 16:47:26| Railroads - Topix.net

PITTSBURGH, Pa. - Hard hats and golden shovels were out in force last Friday at the official groundbreaking for the $60 million terminal facility being built by CSX Corp. in Stowe and McKees Rocks.

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Baker Avenue Asset Management Acquires $4,354,000 in CSX Co. (CSX) Shares

2015-12-11 12:37:11| Railroads - Topix.net

Baker Avenue Asset Management raised its position in CSX Co. by 933.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission .

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Tennessee Agencies Paid $430K by CSX for Train Derailment

2015-12-09 08:25:49| Railroads - Topix.net

CSX Transportation has paid over $431,000 to local agencies since a train carrying hazardous material derailed and caught fire in eastern Tennessee earlier this year. Officials with the Blount County mayor's office, the Blount County Fire Protection District and the cities of Maryville and Alcoa all said they have received payments from the railroad company, The Knoxville News Sentinel reported.

Tags: paid train agencies tennessee

 

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