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CSX Corporation is an American holding company focused on rail transportation and real estate in North America, among other industries. The company was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger.
Michael Ward served as chairman and chief executive officer of CSX Corporation for fourteen years. CSX is one of the nation's premier transportation and logistics companies. Over his 40-year career, Mr. Ward headed CSX's operations, coal sales and marketing, and finance departments. [4]
On November 30, 2020, CSX Transportation's parent company CSX Corporation announced on social media that they had come to an agreement with Pan Am Systems to purchase New England based Class II Pan Am Railways, pending regulatory approval from the Surface Transportation Board. The STB approved the purchase on April 14, 2022. [29]
CSX has undergone a huge transformation over the past decade, as the steep spike in energy prices sent railroads from being nearly obsolescent modes of transportation to being a key mover of goods ...
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Penn Central Corporation evolved into a financial services company and renamed to American Premier Underwriters in 1994. [7] Conrail was jointly purchased by eastern railroads CSX Transportation and Norfolk Southern Railway in 1999, with three shared assets areas operated by Conrail Shared Assets Operations, a subsidiary of CSX and NS. [2]
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