Key Developments: CSX Corp (CSX.O)

CSX.O on Nasdaq

11 Feb 2016
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Latest Key Developments (Source: Significant Developments)

CSX Corp declares quarterly dividend
Thursday, 11 Feb 2016 09:00am EST 

CSX Corp:Approved an $0.18 per share quarterly dividend on the company's common stock.Dividend is payable on March 15, to shareholders of record at the close of business on February 29.  Full Article

CSX Corp comments on FY 2016 EPS guidance
Tuesday, 12 Jan 2016 04:02pm EST 

CSX Corp:Says full-year FY 2016 earnings per share are expected to be down compared to 2015.  Full Article

CSX Corporation to close Mechanical Shops In Corbin, Kentucky
Tuesday, 20 Oct 2015 09:30am EDT 

CSX Corporation:To close mechanical shops In Corbin, Kentucky.Says approximately 180 active CSX employees who work at the facilities and in support roles will be affected.Says all affected employees at corbin will receive at least 60 days of pay and benefits.Says union employees also may have other benefits available in accordance with their labor agreements.Says mechanical management employees at corbin will be offered relocation opportunities as they are available.Says many furloughed employees will be eligible for jobs in higher-demand areas on csx's network.  Full Article

CSX Corp to reduce train operations in Erwin, Tennessee - Reuters
Wednesday, 14 Oct 2015 08:00pm EDT 

CSX Corp:U.S. railroad CSX Corp said it would reduce train operations in Erwin, Tennessee due to lower coal traffic in the region - Reuters.The company said it would also close a locomotive service center, project shop and car shop in the town, affecting 300 employees - Reuters.  Full Article

U.S. says CSX Corp missed rail defect blamed for oil train derailment - Reuters
Thursday, 8 Oct 2015 08:00pm EDT 

CSX Corp:A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect that railroad inspectors from CSX Corp missed twice in the preceding months, U.S. regulators said on Friday - Reuters.Twenty-seven of the train's 109 cars derailed near Mount Carbon, West Virginia, on Feb. 16 - Reuters.At least nine cars caught fire and burned for days, strengthening support for tougher oil train safety standards for trains carrying U.S. crude from North Dakota's Bakken region. Tighter federal regulations were published in May - Reuters.The Federal Railroad Administration fined CSX and its contractor, Sperry Rail Service, $25,000 each for failure to properly verify a potential rail defect. An FRA spokesman said the sum is the maximum allowed under federal law for such a violation - Reuters.FRA also called for more detailed inspections across the industry and stronger training for inspection vehicle operator. It also said it would explore the need for new rail standards and slower train speeds under certain conditions - Reuters.The U.S. railroad regulatory agency said a verticle split rail head defect caused the rail to break as the CSX train passed. Inspectors failed to notice the fault during inspections in December 2014 and January 2015 - Reuters.  Full Article

CSX Corp approves quarterly dividend
Thursday, 8 Oct 2015 09:00am EDT 

CSX Corp:Says that ithas approved an $0.18 per share quarterly dividend on the company's common stock.Says the dividend is payable on Dec. 15, 2015, to shareholders of record at the close of business on Nov. 30, 2015.  Full Article

CSX Corp reaffirms FY 2015 EPS guidance
Tuesday, 14 Jul 2015 04:02pm EDT 

CSX Corp:Continues to expect FY 2015 EPS growth in the mid-to-high single digit range.Reported EPS of $1.92 in FY 2014.FY 2015 EPS of $2.00 - Thomson Reuters I/B/E/S.  Full Article

CSX Corp declares quarterly dividend
Wednesday, 8 Jul 2015 04:06pm EDT 

CSX Corp:Declares quarterly dividend.Sets quarterly common stock dividend of $0.18 per share.  Full Article

Thousands evacuated in Tennessee after CSX Corp.'s freight train derails, catches fire - Reuters
Wednesday, 1 Jul 2015 08:00pm EDT 

CSX Corp:Says A freight train carrying flammable and toxic gas derailed and caught fire in Blount County, Tennessee, prompting the evacuation of more than 5,000 people, fire officials and rail company CSX Corp CSX.N said - Reuters.Says Seven emergency workers were hospitalized after being exposed to chemical-laden fumes from the blaze, local officials said.Says Specialists advised firefighters to let the fire burn itself out because attempts to extinguish it could be hazardous, Blount County firefighter Kermit Easterling said.Says Residents within a two-mile radius were evacuated, according to the Federal Railroad Administration.Says the derailed car carried acrylonitrile, a product used in the manufacture of plastics, company spokeswoman Kristin Seay said in an email.Says the CSX train which was traveling from Cincinnati, Ohio to Waycross, Georgia, has two locomotives, 45 loaded rail cars carrying mixed freight, and 12 empty rail cars.  Full Article

CSX Corporation enters into $1 billion five-year senior unsecured revolving credit agreement - Form 8-K
Thursday, 28 May 2015 02:29pm EDT 

CSX Corporation:Says entered into $1 billion five-year senior unsecured revolving credit agreement.Says JPMorgan Chase Bank, N.A is administrative agent.  Full Article


Canadian Pacific Railway wants U.S. DOJ to look into talks held by U.S. railroads

Canadian Pacific Railway Ltd urged the U.S. Department of Justice to look into statements by U.S. railroad companies about "working closely with each other to block" the company's proposed takeover of Norfolk Southern Corp.

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