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CSX agrees to long-term restoration plan in W.Va. derailment
2015-03-07 03:16:42| Railroads - Topix.net
Federal regulators say CSX Transportation has agreed to a long-term plan for cleaning up and restoring the area around a fiery oil-train derailment in southern West Virginia. Investigators have not determined what caused 27 of the CSX train's 109 cars to go off the tracks during a Feb. 16 snowstorm in Mount Carbon.
Tags: plan
restoration
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csx
Shares of CSX, 3 Other Railroad Stocks Are in Danger of Derailing
2015-03-06 18:42:28| Railroads - Topix.net
The daily chart for the transportation ETF shows a sideways-to-down pattern that began with the all-time intraday high of $167.80 set on Nov. 28. The 200-day simple moving average provided a buying opportunity between Oct. 10 and Oct.16 when this average was at $141.32. The important level to hold is the 50-day SMA at $161.07 as a close below this average indicates risk to the 200-day SMA now at $153.87.
CSX domestic coal shipments down; oil spill could hurt earnings
2015-03-05 01:11:17| Railroads - Topix.net
CSX Corp. domestic coal shipments are expected to decline at least 5 percent this year, making it more difficult for the company to reach its goals, CSX Chief Financial Officer Fredrik Eliasson said in a statement before his appearance at the JP Morgan Aviation, Transportation and Industrials Conference in New York City. Coal shipments make up a major part of CSX's business, representing 18 percent of total volume and 22 percent of revenue in 2014.
Tags: oil
domestic
hurt
earnings
In wake of CSX crash, Pennsylvania governor calls for more crude oil train regulation
2015-03-03 18:44:13| Railroads - Topix.net
President Barack Obama , pushing for more regulation of the 70 or so oil trains that roll through Pennsylvania each week. Jacksonville-based CSX Corp. and Norfolk Southern Corp. are the largest transporters of crude oil in the state.
Tags: oil
calls
train
pennsylvania
CSX ranks as one of world's most admired companies
2015-03-03 15:34:30| Railroads - Topix.net
CSX Corporation was ranked second in the trucking, transportation and logistics industry on Fortune's list of the most admired companies in 2015. This is the fifth consecutive year the company was ranked on the list.
Tags: companies
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ranks
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