CSX Juice Train

CSX Transportation , known colloquially as simply CSX, is a Class I freight railroad operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles () of track. The company operates as the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida.

CSX Corporation (the parent of CSX Transportation) was formed in 1980 from the merger of Chessie System and Seaboard Coast Line Industries, two holding companies which controlled a number of railroads operating in the Eastern United States. Initially only a holding company itself, the subsidiaries that made up CSX Corporation were gradually merged, with this process completed in 1987. CSX Transportation formally came into existence in 1986, as the successor of Seaboard System Railroad. In 1999, CSX Transportation acquired approximately half of Conrail, in a joint purchase with competitor Norfolk Southern Railway. Later, in 2022, it acquired Pan Am Railways, extending its reach into much of Northern New England.

CSX and its chief competitor, the Norfolk Southern Railway, have a duopoly on the transcontinental freight rail lines in the Northeastern and Southern United States ( South Atlantic and East South Central states).

History

Early years

CSX Corporation was formed on November 1, 1980, as a merger between Chessie System and Seaboard Coast Line Industries.

The name came about during merger talks between Chessie System and SCL, commonly called "Chessie" and "Seaboard". The company chairmen said it was important for the new name to include neither of those names because it was a partnership. Employees were asked for suggestions, most of which consisted of combinations of the initials. At the same time a temporary shorthand name was needed for discussions with the Interstate Commerce Commission. "CSC" was chosen but belonged to a trucking company in Virginia. "CSM" (for "Chessie-Seaboard Merger") was also taken. The lawyers decided to use "CSX", and the name stuck. In the public announcement, it was said that "CSX is singularly appropriate. C can stand for Chessie, S for Seaboard, and X, which actually has no meaning." However, an August 9, 2016, article on the ''Railway Age'' website stated that " ... the 'X' was for 'Consolidated' ". A fourth letter had to be added to CSX when used as a reporting mark because reporting marks that end in X means that the car is owned by a leasing company or private car owner.

The originator of SCL was the former Seaboard Air Line Railroad, which previously merged with the Atlantic Coast Line Railroad in 1967 to form the Seaboard Coast Line. In later years, it merged with the Louisville & Nashville Railroad, as well as several smaller subsidiaries such as the Clinchfield Railroad, Atlanta & West Point Railroad, Monon Railroad and the Georgia Railroad. From the late 1970s onward, these railroads were known collectively as the Family Lines. In 1982, they were merged into a single railroad, the Seaboard System Railroad.

The origin of the Chessie System was the former Chesapeake & Ohio Railway, which had merged with the Baltimore & Ohio Railroad, and the Western Maryland Railway.

Despite the merger in 1980, CSX was a paper railroad (meaning no CSX painted locomotives or rolling stock) until 1986. In that year, Seaboard System changed its name to CSX Transportation. On April 30, 1987, the B&O merged into the C&O. With the Western Maryland having already merged into the C&O, this left the C&O as the sole operating railroad under the Chessie System banner. Finally, on August 31, 1987, C&O/Chessie System merged into CSX Transportation, bringing all of the major CSX railroads under one banner.

Conrail acquisition

On June 23, 1997, CSX and Norfolk Southern Railway (NS) filed a joint application with the Surface Transportation Board for authority to purchase, divide, and operate the assets of the Conrail, which had been created in 1976 by bringing together several ailing Northeastern railway systems into a government-owned corporation. On June 6, 1998, the STB approved the CSX–NS application and set August 22, 1998, as the effective date of its decision. CSX acquired 42 percent of Conrail's assets, and NS received the remaining 58 percent. As a result of the transaction, CSX's rail operations grew to include some of the Conrail system (predominantly lines that had belonged to the former New York Central Railroad). CSX began operating its trains on its portion of the Conrail network on June 1, 1999. CSX now serves much of the Eastern United States, with a few routes into nearby Canadian cities.

In actuality, not all of Conrail was eliminated. There were a few parts of Conrail that both CSX and NS wanted, and neither wanted to allow the other to have total control over. Those small pieces remained owned by the renamed "Conrail Shared Assets," (later " Conrail Shared Assets Operations") so that the pieces were effectively owned and operated by a separate railroad owned by both railroads, thus neither railroad would control those pieces.

Into the 21st century

The company introduced its current slogan, "How Tomorrow Moves", in 2008.

In 2014, Canadian Pacific Railway approached CSX with an offer to merge the two companies, but CSX declined, and in 2015 Canadian Pacific made an attempt to purchase and merge with Norfolk Southern, but NS declined to do so as well.

In 2017, CSX announced Hunter Harrison would become its new chief executive officer; a settlement with activist investor Paul Hilal and Mantle Ridge. CSX added five new directors to their board, including Harrison and Mantle Ridge founder Paul Hilal. Mantle Ridge owns 4.9% of CSX. Harrison quickly moved to convert CSX rail operations to precision railroading. On December 14, 2017, CSX announced that Hunter Harrison was on medical leave. Two days after the announcement, Harrison died, one day after being hospitalized for complications of an ongoing illness. CSX initially saw a 10% drop in its stock price, but turned around to hit a new 52-week high less than a month later (January 2018). Harrison's successors have continued the shift to precision railroading, with most hump yards converted to flat yards, low volume shipping lanes eliminated and reductions in rolling stock and work force.

Pan Am Railways acquisition

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. As part of the acquisition, Norfolk Southern Railway will gain trackage rights over several CSX lines, and Pan Am Southern, 50 percent owned by Pan Am Railways, will be operated by the Berkshire and Eastern Railroad, a new Genesee & Wyoming subsidiary formed explicitly for this purpose. CSX completed the purchase on June 1, 2022.

Unit trains

CSX operated the Juice Train which consisted of Tropicana cars that carried fresh orange juice between Bradenton, Florida, and the Greenville section of Jersey City, New Jersey

HOME


Content is Copyleft
Website design, code, and AI is Copyrighted (c) 2014-2017 by Stephen Payne


Consider donating to Wikimedia



As an Amazon Associate I earn from qualifying purchases