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In 2017, CSX cut its workforce by 3,300 employees. In 2018, roughly 2,200 jobs were cut. A further reduction of 4,000 positions is planned by 2020. CSX estimates that after these cuts it will have a workforce of about 21,000 people. CSX is also trying to increase profits by monetizing some of its real estate.
CSX has agreed to start paying some of its employees more in advance of raises the railroad expects to agree to as part of ongoing national contract talks. CSX said the payments of up to $600 a ...
CSX began operating its trains on its portion of the Conrail network on June 1, 1999. CSX now serves much of the Eastern United States, with a few routes into nearby Canadian cities. The two competitors were unwilling to give one company full control of busy industrial areas in Detroit, Philadelphia, and northern New Jersey (the Chemical Coast).
Conrail acquired the line in 1976, and later sold some of it to the Norfolk Southern Railway to relieve that company's ex-Nickel Plate Road main line. CSX Transportation acquired the entire line in the 1999 breakup of Conrail, and began to make improvements, including new crossing signals, paving crossings, and weeding the railroad.
Three CSX employees have died on the job since June, prompting unions to call for better training and a review of the use of remote-control locomotives. CSX said its expenses declined 2% to $2.28 ...
The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board, [4] [5] which approved the sale on April 14, 2022. [6] At midnight on June 1, 2022, CSX Corp began operating Pan Am Railways as a subsidiary of CSX Transportation; Pan Am Systems ceased operations.
Federal investigators probing the death of a CSX employee last month at the Seagirt Marine Terminal in Southeast Baltimore said Tuesday the conductor trainee had lost his footing while “shoving ...
CSX CEO Joe Hinrichs said Helene was the most damaging hurricane to hit the railroad since Katrina in 2005, and cost CSX about $10 million to $15 million in the third quarter, but CSX worked to recover quickly by clearing more than 15,000 trees from the tracks and setting up 400 generators to keep signals running after the storms.