Railroad News

CSX announced yesterday it has achieved a score in the 93rd percentile on the S&P Global 2022 Corporate Sustainability Assessment.

The assessment scores are used by companies to benchmark their environmental, social and governance (ESG) performance against other companies, as well as to measure their own progress, CSX officials said in a press release. CSX has been included in the index since 2011.

CSX Corp. today announced Joseph Hinrichs will succeed James Foote as president and CEO when Foote retires Sept. 26 as part of a planned succession process.

Foote will continue to work with the company through March 31, 2023, as an adviser to facilitate a seamless leadership transition, CSX officials said in a press release.

CSX yesterday released its 2021 environmental, social and governance (ESG) report on the company’s economic, workforce, environmental, social and governance performance.

The report details progress made against CSX's 2030 environmental goals, including achieving a 15.6% reduction in Scope 1 and 2 emissions intensity since 2014 and piloting alternative fuels and engine enhancements to reduce fuel burn and overall emissions from locomotives.

CSX and Chicago officials earlier this week held a groundbreaking ceremony for an expansion of the 63rd Street intermodal container storage yard.

The more than $25 million facility, expected to begin operations in December, will provide additional options for manufacturers and distributors throughout the region, CSX officials said in a press release.

CSX, Chicago, Illinois state and federal officials last week gathered to mark the completion of the Argo Connections, the 32nd project to be completed of the 70 that are part of the Chicago Region Environmental and Transportation Efficiency (CREATE) Program.

Known as CREATE project B9, the Argo work involved the construction of a new double-track connection and crossovers — switches that allow trains to pass one another, rather than waiting behind one another — between the Belt Railway Co. of Chicago (BRC) and Indiana Harbor Belt Railroad (IHB)/CSX line at Archer Avenue and 63rd Street.