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CSX taps Bezar to serve as senior VP, chief of strategy

Rail News Home CSX Transportation 5/22/2019 Rail News: CSX Transportation
image Farrukh BezarPhoto – csx.com

CSX Corp. has appointed Farrukh Bezar senior vice president and chief strategy officer as of May 29.

Bezar joins CSX with more than 25 years of strategic leadership in transportation and logistics. Most recently, he served as founder and managing partner of Lynwood Partners, a transportation and logistics advisory firm.

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CSX recognizes 70 shippers for hazmat safety

Rail News Home CSX Transportation 5/15/2019 Rail News: CSX Transportation
image CSX Corp. recently honored 70 customers with the company's Chemical Safety Excellence Award for being committed to the safe transportation of hazardous materials.Each year, the award honors customers who safely ship more than 600 carloads of hazardous materials during the prior year without a release due to controllable factors. Now in its 25th year, the program recognizes customers committed to safe procedures, such as securing valves and closures properly, and safe loading."We work with our customers to make rail the safest choice to move freight over land," said Dean Piacente, CSX vice president industrial products, in a press release.For 2018, CSX recognized five shippers that successfully achieved 10 or more consecutive years of safety excellence: Aux Sable Liquid Products Inc.; Cargill; Kemira; Nouryon Chemicals LLC; and SABIC Americas Inc.To read the names of the other honorees, click on this link.

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CSX reports record Q1 results, OR falls below 60

CSX yesterday posted record results for the first quarter, including an operating ratio (OR) that fell below 60 percent.

Net income during the quarter soared 20 percent to $834 million, or $1.02 per share, versus $695 million, or 78 cents per share a year ago.

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CSX set to break ground on Carolina Connector project

Rail News Home CSX Transportation 4/15/2019 Rail News: CSX Transportation
imageCSX and the North Carolina Department of Transportation (NCDOT) plan to hold an April 24 groundbreaking ceremony for the Carolina Connector (CCX) intermodal facility that will be built near Rocky Mount, North Carolina, the Class I confirmed late last week.The ceremony is scheduled to take place at Gateway Technology Center at North Carolina Wesleyan College, Rocky Mount.Last year, CSX and NCDOT agreed to pursue a revised plan for a $160 million, 330-acre intermodal center in Edgecombe County. NCDOT will provide up to $118.1 million for site development and roadway construction.The CCX facility is slated for completion in 2020. CSX originally aimed to build a larger hub-and-spoke intermodal facility at the site, but those plans were reassessed in 2017.

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CSX, North Carolina DOT eye April groundbreaking for intermodal terminal

Rail News Home CSX Transportation 3/20/2019 Rail News: CSX Transportation
imageCSX and the North Carolina Department of Transportation (NCDOT) plan to hold a groundbreaking sometime next month for the Carolina Connector (CCX) intermodal facility that will be built near Rocky Mount, North Carolina.However, no date has been confirmed yet or will be confirmed until final permits are received, said CSX spokeswoman Sheriee Bowman in an email.CSX and NCDOT reached an agreement last year on a revised plan for a $160 million, 330-acre intermodal facility in Edgecombe County. NCDOT will provide up to $118.1 million for site development and roadway construction.The CCX facility is slated for completion in 2020. CSX originally aimed to build a larger hub-and-spoke intermodal facility at the site, but those plans were reassessed in 2017.

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