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CSX, Conservation Fund issue grants to expand access to food

Rail News Home CSX Transportation 5/7/2020 Rail News: CSX Transportation
image CSX and The Conservation Fund yesterday announced nine charities in seven states will receive grants ranging from $5,000 to $10,000 to improve their capacity to store and safely deliver food in their communities. Over the past six years, the Grant Program for Transporting Healthy Food, sponsored by CSX, has provided funding to 74 local food producers and distributors. The funding has supported their operations to purchase and expand vital infrastructure — such as mobile markets, cold storage units and packaging material — to better store, pack, transport and ultimately improve community access to fresh produce, dairy, meat or seafood. Overall, the grant program is projected to enable local food distribution organizations to collectively serve an additional 377,987 families with nearly 50 million pounds of food and increase the number of meals provided by more than 40 million. The grants will go to organizations in Connecticut, Indiana, Maryland, Michigan, New York, North Carolina and Virginia. "CSX is proud to partner with The Conservation Fund on this important initiative to promote the distribution of fresh, healthy food to those in underserved communities," said John Kitchens, CSX's director of community investment, in a press release. The fund's grant program has provided nourishment to thousands of families and strengthened local food producers in some of the nation's most vulnerable communities, he said. This year's funding will enable the nine recipient organizations to collectively serve an additional 92,000 families with nearly 6 million meals.  

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CSX to end McKees Rocks intermodal operations

Rail News Home CSX Transportation 5/6/2020 Rail News: CSX Transportation
image CSX opened the McKees Rocks intermodal terminal in 2017.Photo – mckeesrocks.com

CSX will discontinue intermodal operations at its McKees Rocks facility near Pittsburgh, and has reached an agreement with Shell to lease the 70-acre property.

Shell will use the site for a storage-in-transit (SIT) rail facility, CSX spokeswoman Sheriee Bowman said yesterday in an email.

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CSX reports lower Q1 earnings, withdraws 2020 outlook

CSX Corp. yesterday announced first-quarter 2020 net earnings fell 8 percent to $770 million, or $1 per share, compared to $834 million, or $1.02 per share, in the same quarter last year. The Class I withdrew its outlook for the year because of ongoing economic uncertainty over the COVID-19 pandemic.

Operating revenue fell 5 percent to $2.86 billion during the quarter, as growth in merchandise revenue was more than offset by declines in coal and other revenue. Expenses dropped 7 percent year over year to $1.68 billion, driven by efficiency gains, CSX officials said in a press release.

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CSX emissions intensity reductions goal approved by SBTi

Rail News Home CSX Transportation 3/20/2020 Rail News: CSX Transportation
image CSX has become the first North American railroad to have its new greenhouse gas emissions intensity goals set and approved by the Science Based Target Initiative (SBTi), the Class I announced yesterday.The SBTi independently assesses corporate emissions reduction targets in line with what climate scientists say is necessary to meet the goal of limiting global warming to well below 2 degrees Celsius.CSX will reduce greenhouse gas emissions intensity by 37.3 percent between 2014 and 2030. The company expects future transformational technology to facilitate this next level of reductions and is extensively investing in technologies and operational practices that drive maximum achievable efficiencies, CSX officials said in a press release.In 2018, CSX achieved its goal to reduce emissions intensity by 6 percent to 8 percent by 2020, achieving an 8.1 percent emissions intensity reduction and reaching the goal set in 2012 two years ahead of plan.Reducing emissions is important to CSX and its customers. The railroad is the only U.S. Class I to have crossed the threshold of operating below one gallon of fuel-per-thousand gross ton miles, CSX officials said.CSX is pursuing opportunities for additional improvement as part of its commitment to sustainable business practices, they added.

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Indiana panel awards grant to connect industrial park to CSX line

Rail News Home CSX Transportation 2/11/2020 Rail News: CSX Transportation
image The Indiana Economic Development Corp. (IEDC) will award up to $1 million to LaPorte County, Indiana, to help pay for a $6 million project to build a rail spur that will connect Kingsbury Industrial Park (KIP) to a CSX mainline.County officials announced the grant after reaching an agreement with state officials, according to a press release posted yesterday on BuildingIndiana.com. CSX has designated the industrial park a "Select Site" for prospective developers. Once the rail spur is completed, the industrial park will be one of the few to offer connections to two Class Is, said Redevelopment Commission President Randy Novak."Getting this connection to CSX in place is key to opening up KIP to the entire CSX logistics chain,” Novak said. "By now having the north/south rail spur at KIP connected on the south edge of the park to CSX, we’re also working hard at the getting the north end of the spur connected directly with the CN railroad that runs along the north side of the park."The grant will come from the Industrial Development Grant Fund, which provides assistance to communities making infrastructure investments in support of economic development. The incentives are performance-based, which means the county must meet certain milestones and deliverables to collect the funding.

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