CSX

Monday on First Coast Connect we heard about the JAX Chamber’s upcoming Infrastructure Innovation Summit with Chamber Vice-President for Entrepreneurial Growth Carlton Robinson and Amin Toufani, CEO of T Labs in Silicon Valley who will be one of the event’s speakers (01:03).    

Jacksonville-Based CSX Says It Will Put More Resources Into Safety At Annual Shareholders Meeting

May 21, 2018
The Daily Record

While much attention has been focused on the efficiency of CSX Corp.’s railroad since new management came in last year, CEO James Foote is now putting more resources into safety.

Orange Park train conductor's widow sues CSX, Amtrak over S.C. crash

Feb 9, 2018
NATE BEAL / WIKIMEDIA COMMONS

The widow of an Amtrak train conductor and Orange Park man who was killed in a weekend collision with a CSX freight train in South Carolina is suing Amtrak and CSX, court records show.

Supreme Court Turns Down Appeal In Clay County CSX Railroad Death

Jan 8, 2018
CSX train
Nate Beal / Wikimedia Commons

The U.S. Supreme Court on Monday turned down an appeal in a lawsuit stemming from the 2006 death of a railroad conductor in a rural area of Clay County.

CSX and Wikimedia Commons

After just a little more than a week on the job as acting CEO at CSX, Jim Foote has been named the Jacksonville railroad's new leader.

Excel23 / Wikimedia Commons

The death of CSX CEO Hunter Harrison has thrown the Jacksonville-based railroad and its shareholders into turmoil.

Via News4Jax

“It is with great sadness that we announce that E. Hunter Harrison, President and Chief Executive Officer of CSX, died today in Wellington, Fla., due to unexpectedly severe complications from a recent illness,” according to a Saturday statement from CSX.

Via News4Jax

UPDATE: CSX Announces Saturday That Harrison Has Died

ORIGINAL STORY: CSX has announced Jim Foote is taking over as acting CEO while CEO Hunter Harrison is on medical leave.

CSX Train Carrying Molten Sulfur Derails In Polk County

Nov 27, 2017
Polk County Fire Rescue

Four train cars that were carrying molten sulfur are among those that derailed near Lakeland, Fla., early Monday, prompting emergency officials to warn local residents to stay indoors and close their windows. Several cars are believed to have leaked.

CSX train
Nate Beal / Wikimedia Commons

CSX Corporation will lay off 1,000 management employees over the next few weeks, the Jacksonville-based company announced Tuesday.

CSX train
Nate Beal / Wikimedia Commons

This week, the board of the Jacksonville-based CSX railroad will consider a company takeover.

CSX is the largest publicly owned company in town and North America’s third-largest railroad, valued at $43 billion. About 3,500 employees work for the company in Northeast Florida.


CSX train
Nate Beal / Wikimedia Commons

One of Jacksonville’s largest companies is still expecting a bad first quarter, but not as bad as it first thought.

CSX Corporation said this week  its first quarter earnings would decline by the mid- single digits, rather than the high single digits it had previously forecast.

So far this year, its volume growth is down by about 5 percent. Like the rest of the industry, CSX has been battered by a big decline in the amount of coal being shipped.

CSX train
Nate Beal / Wikimedia Commons

Two local railroad companies have seen their stock prices fall as the industry sector slides overall.

CSX Corp.’s stock has dropped about 8 and a half percent over the past week. On Monday , it fell almost three percent from the opening bell, closing at 26.03.

The fall comes as the railroad sector has generally weakened. On Friday, a Bank of America analyst downgraded CSX and Genesse & Wyoming, which has its operations headquarters in Jacksonville.

Genesee & Wyoming’s price per share dropped from almost $70 last Tuesday to $58.89 at Monday’s close.

CSX

Imagine a drive-through where someone hands you a tree to take home and plant in your yard.

That’s exactly how tomorrow morning’s "Trees for Tracks" tree giveaway on Post Street in Riverside will work. 

FDOT

Several blocks of Edgewood Avenue will be closed in both directions next week while the railroad crossing at the intersection of Edgewood and West 20th Street is replaced.

According to the Florida Department of Transportation, CSX crews will put in a concrete crossing that’s designed to last longer and hold up better under heavy traffic. 

Work on the crossing is set to start at 10 a.m. Friday, Nov. 13 and wrap up by 7 p.m. Friday, Nov. 20.

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