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CSX to serve new Northwest Grains transload site

Rail News Home CSX Transportation 6/14/2021 Rail News: CSX Transportation
image Northwest Grains and other officials last week held a ceremony marking the start of construction on the $2.5 million transload facility. Photo – South Carolina Ports Authority

Northwest Grains International LLC last week broke ground on an agricultural transload operation in Dillon County, South Carolina.

The $2.5 million transload facility will serve agricultural producers and handle containerized soybeans, lumber, logs, peanuts, cotton, cotton seed and yellow peas for export through the Port of Charleston via the rail-served Inland Port Dillon, according to a South Carolina Ports Authority press release.

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CSX TDSI auto ramps receive 'Terminal of the Year' awards

Rail News Home CSX Transportation 6/11/2021 Rail News: CSX Transportation
image The award winners are chosen based on the results of audits at about 180 automotive origin and destination terminals across the country. Photo – CSX

Terminals operated by Total Distribution Services Inc. (TDSI), a CSX subsidiary, received the Association of American Railroads' (AAR) "Terminal of the Year" award in both the origin and destination categories.

TDSI Strawberry Yard in Louisville, Kentucky, earned the Origin Terminal of the Year award with a 99.69% audit score.

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STB rejects CSX application for review of Pan Am acquisition

Rail News Home CSX Transportation 5/27/2021 Rail News: CSX Transportation
image The board found that the application did not include all of the information necessary for purposes of a "significant" transaction. Photo – csx.com

The Surface Transportation Board (STB) yesterday announced it rejected CSX’s proposed acquisition of Pan Am Systems Inc. and its short-line subsidiaries because the Class I’s application was considered "incomplete."

The board found that the application did not include all of the information necessary for purposes of a "significant" transaction under its regulations, STB officials said in a press release.

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CSX to acquire Quality Carriers

Rail News Home CSX Transportation 5/12/2021 Rail News: CSX Transportation
image CSX Corp. today announced it has signed a definitive agreement to acquire Quality Carriers Inc., a provider of bulk liquid chemicals truck transportation, from Quality Distribution Inc. Terms of the transaction were not disclosed. The acquisition will establish the first integrated multimodal chemical transportation solution, CSX officials said in a press release. Quality Carriers operates an extensive bulk tank trucking fleet with about 2,500 drivers. Through a network of more than 100 company-owned and affiliate terminals and facilities located throughout the United States, Canada and Mexico, the company provides transportation services to many leading chemical producers and shippers. The transaction will expand the reach of both CSX and Quality Carriers, CSX officials said. "Our new partnership will provide chemical producers and shippers with a first-of-its-kind multimodal solution that capitalizes on the powerful synergies between Quality Carriers’ truck transportation fleet and our cost-advantaged rail network. We believe that this new capability will create meaningful long-term value for our company," said CSX President and Chief Executive Officer James Foote. Quality Carriers’ management team, led by President Randy Strutz, will continue to lead the business as part of CSX.

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CSX files amended application for proposed Pan Am acquisition

Rail News Home CSX Transportation 4/29/2021 Rail News: CSX Transportation
image CSX Corp. on Monday filed with the Surface Transportation Board (STB) an amended application for its proposed acquisition of Pan Am Railways Inc. and related rail carriers. April 26 was the first weekday CSX could file the amended application in response to an STB ruling that determined the Class I’s proposed transaction was “significant,” meaning it will require closer regulatory scrutiny by the board. The STB has four categories for considering railroad merger transactions: “major,” “significant,” “minor” and “exempt.” The categories involve different levels of procedural and substantive requirements for the board’s review. Because CSX’s proposal involves Class I and II carriers, the transaction could be considered significant or minor, but not major, which applies only to transactions involving Class Is, STB officials said in a prepared statement issued after its ruling last month. In finding the CSX proposal as a significant transaction, the STB focused on the potential outcome the merger could have on shippers’ competitive access to rail.
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