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September 09, 2010
 
     
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CSX Updates
Updated On: Jun 16, 2010 (06:12:00)

February 5, 2010 The rails have all reported their fourth quarter 2009 earnings and are summarized.  Generally speaking the results were not very impressive – analyst consensus estimates were either slightly missed or just reached and there were no meaningful beaten expectations. View CSX summary.


December 18, 2009 Letter from CSX Labor Relations regarding Cost-of-Living Adjustment (COLA) applied to the per diem allowance. The CSX Agreement provides an increase of almost $1.00 to the per diem effective January 1, 2010.


September 1, 2009 Two New Agreements take effect, one dealing with contracting out the removal and installation of environmental track mats and the establishment of Track Mat gangs. The other concerns B&B, and contracting out regarding new building construction, demolition, bridge construction, culverts, scales, turntables, tunnels, and much more.


March 2, 2009 Employee Service Hotline Mr. Noel Nihoul, CSX Director Labor Relations wrote the BMWED advising furloughed CSX members who have benefit and employment status questions should call the Employee Service Hotline. CSX staff will be available to answer questions from 7:00 a.m. to 6:00 p.m., Monday thru Friday. The phone number is 1-866-742-1939. View Nihoul's letter in a printable version.


June 3, 2009 Supreme Court Denies $5 Million Dollar Payout to CSX Asbestos Victim


January 28, 2008  FRA Drops Hammer on CSX CSX Transportation has received the lecture and warning it invited -- from the Federal Railroad Administration, which told CSXT CEO Michael Ward to clean up the carrier's bad acting with regard to intimidation and harassment of injured employees, and to do it pronto or face serious consequences. Read more...


December 18, 2009 - Travel Allowance Increases. Effective January 1, 2009, CSX business mileage rates increase from $.50.5 cents to $.55 cents per mile. Also increased are the SPG Travel Allowances. View CSX Labor Relations Director N.V. Nihoul's letter here.


A Brief History of CSX 

A Class 1 railroad, CSX Transportation is owned by the CSX Corporation. Formed on July 1, 1986 as a renaming of the Seaboard System Railroad and Chessie System, Inc. into one entity.

The originator of the Seaboard System was the former Atlantic Coast Line Railroad, which previously merged Seaboard Air Line Railroad, and later Louisville and Nashville Railroad, as well as several smaller subsidiaries.

On August 31, 1987 the Chesapeake and Ohio Railway, which had absorbed the Baltimore and Ohio Railroad on April 30 of that year, merged into CSX. The merger had been started in 1980 with the merger of Chessie System and Seaboard Coast Line Industries to form the CSX Corporation.

On June 23, 1997, CSX Transportation and Norfolk Southern filed a joint application with the Surface Transportation Board for authority to purchase, divide and operate the assets of the 11,000-mile Consolidated Rail Corporation (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-Norfolk Southern application and set August 22, 1998, as the effective date of its decision. CSX acquired 42% of Conrail's assets (Norfolk Southern received the remaining 58%). As a result of the transaction, CSX's rail operations, through its new subsidiary New York Central Lines, grew to include some 3,800 miles of the Conrail system (predominantly the former New York Central Railroad). CSX began operating its trains on its portion of the Conrail network on June 1, 1999.

John Snow

In 1985, CSX installed Snow as President and CEO of their B&O Railroad and he oversaw its merger with their C&O Railway in 1986. This created a new entity, CSX Transportation, headquartered in Jacksonville, Florida.

In 1988, Snow left CSX Transportation (the railroad) to become President and Chief Operating Officer of CSX Corporation (the holding company). As of April 1989, he was President and Chief Executive Officer of CSX. From 1991, he also served as CSX's Chairman. He continued to hold all three posts until he was named Secretary of the Treasury in 2003. Part of CSX, CSX Lines was sold to The Carlyle Group, early in 2003. After he left the company for the White House, CSX sold its international port operations to the UAE company, Dubai Transport.

Snow was nominated as Secretary of the Treasury by President George W. Bush on January 13, 2003 and unanimously confirmed by the US Senate.

In May 2004, it was revealed that Snow's brokers had bought $10 million of debt issued by Fannie Mae and Freddie Mac without his knowledge in February 2003. When Snow found out, he divested the debt holdings. A Treasury ethics lawyer has found that the holdings did not represent a conflict of interest but had the potential to do so in the future.

On May 26, 2006 Snow announced that he would resign effective July 3, 2006. He said the White House would make an official statement the following week. On May 30, it was formally announced that Snow would leave this position. On this same day, it was announced that President George W. Bush had nominated Henry Paulson, CEO of Goldman Sachs, to replace Snow.


 "An Injury To One Is An Injury To All"


Snitch

Next to a scab, a snitch or an informer is one of the lowest forms of humanity. All we have is our ability to stick together. Statements given to railroad management and their agents will only be used against you. Management is not interested in the truth and is only interested in protecting their money at our expense. Be careful what you say and never volunteer any information.

Remember, nobody likes a snitch. No one can say you saw something that you did not see. This includes but is not limited to injuries, investigations and accidents of all kinds.

 


 

 






     
 
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