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Formerly Four Rivers Transportation, Inc., P&L is based in Wilmington, Delaware. It is a railroad holding company in the United States . It is jointly owned by the management of the P&L Railway , as well as CSX Corporation, the latter of which holds a majority.
The Birth of American Rail. (Late 1820s) The CSX story began with America’s first common carrier, The Baltimore and Ohio Railroad. Originally powered by horses, the B&O set in motion the events that would lead to America’s most efficient means of transporting goods.
Jun 2, 2006 · Through mergers, CSX came to own 80 percent of other roads’ RF&P stake and Norfolk Southern 20 percent; one-fourth had been owned since the beginning by Virginia, eventually through its Retirement System.
- History of The Baltimore and Ohio Railroad
- Company Perspectives
- History of Chessie System
- Key Dates
- History of Seaboard Coast Line
- Creation of CSX in 1980
- Diversification
- Strategic Acquisitions
- CSX in The New Century
- Principal Subsidiaries
The Baltimore and Ohio Railroad (B&O) was chartered in February 1827 by a group of leading Baltimore businessmen with one of their number, Philip E. Thomas, as the first president. Its purpose was twofold: to challenge major canals, especially the Erie Canal, for trade to the west and to provide more efficient and cheaper freight and passenger serv...
At CSX, our confidence is strong and growing in light of anticipated changes in the economic landscape, notably the increased globalization of trade and the increasing congestion on the interstate highway system. CSX plays an integral role in the nation's economic development and the growth of the global economy. Globalization has resulted in longe...
The C&O had its beginning in a short line railroad built to provide rail traffic to farmers and merchants in central Virginia. Chartered in 1836 as the Louisa Railroad, it originally covered 21 miles from Taylorsville to Frederick Hall, Virginia. In 1850 the line's name was changed to the Virginia Central Railroad, and by 1851 it extended eastward ...
1827:
1. The Baltimore and Ohio Railroad is formed.
1852:
1. Construction of the company's first rail line, connecting Baltimore and Wheeling, West Virginia, is completed.
1900:
1. The railroad's rail network encompasses 3,200 miles.
The Seaboard's key component, the Atlantic Coast Line Railroad (ACL), began as a series of small railroads running along a northeast-southwest line parallel to the Atlantic coast and connecting communities along the "fall line," the imaginary line joining towns at the heads of navigation of the coastal rivers. The oldest part of the ACL was the Pet...
The merger proposed in 1978 between the $1.5 billion Chessie and the $1.8 billion Seaboard offered benefits to both sides. It would give the Chessie a relatively inexpensive expansion into the booming Southeast and would provide a useful capital infusion for the Seaboard, especially for its maintenance and equipment-starved L&N subsidiary. The ICC ...
Meanwhile, diversification was in the air in the 1980s. In 1983 CSX made a deal with Southern New England Telephone Company to place a fiber optics telecommunication system along the CSX rights-of-way. A more significant diversification move in 1983 was CSX's "white-knight" $1 billion purchase of Texas Gas Resources Corporation, with $2.9 billion i...
With Snow's emphasis on improving both customer relations and profits, CSX's position grew ever stronger through the 1990s. Revenues increased steadily, from $8.21 billion in 1990 to $10.54 billion in 1996, while net earnings reached a peak of $855 million by 1996. Snow sought to leverage this strength by making selective, strategic acquisitions th...
The long-awaited takeover of Conrail occurred as CSX entered a new century, ushering in a period of structural reorganization and divestitures. CSX and Norfolk Southern took control of the Conrail assets on June 1, 1999, a day greeted with a mixture of joy and trepidation. The addition of the Conrail assets made CSX the largest rail system in the E...
CSX Transportation Inc.; CSX Intermodal Inc.; CSX Technology, Inc.; The Greenbrier Resort Management Company; CSX Real Property, Inc.; Total Distribution Services, Inc.; TRANSFLO Corporation.
Aug 27, 2024 · It is jointly owned by the management of the P&L Railway, as well as CSX Corporation, the latter of which holds a majority. [12] Geographic divisions. CSX is organized into two operating regions: the West Region and the East Region. Each primary region is divided into two sub-regions: East. Northeast Region, based in Baltimore, Maryland
CSX is a leading supplier of rail-based freight transportation in North America. But there’s more to CSX than you might expect. Learn all about CSX and discover what we’re doing for our customers, environment and communities.
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In early 1993 CSX acquired Customized Transportation Inc. (CTI), one of the leading logistics companies for the automotive industry, providing distribution, warehousing, and assembly on a contract basis for just-in-time delivery systems.
