Word: csx
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
PHILADELPHIA: CSX Corp. agreed to buy Conrail in a $8.4 billion deal that would form the nation's third-largest freight company. The new company will control some 29,645 miles of track serving most of the eastern U.S. The deal was cut as part of a push by CSX to stay competitive with rivals Burlington Northern and Union Pacific, both of which merged with rail systems in the past two years. Burlington Northern bought Santa Fe in 1995, while Union Pacific merged with Southern Pacific earlier this year. Each control over 30,000 miles of track. The news pushed...
...last winter, when most of his troops were still digging in for the first 100 days. Gingrich was already worrying about maintaining momentum. So he invited small groups of CEOS--including Jack Welch of General Electric, Jack Smith from General Motors and the Business Roundtable chairman John Snow of CSX--to dinner in a first-floor dining room in the Capitol. The executives had all presided over major downsizing in their companies, and all drew the same lesson when the bloodbath was over: they wished they had done more...
Rubin called John Snow, CEO of CSX Corp. that evening, asking him to activate the Business Roundtable, a group of business leaders concerned with public policy. The next day that organization asked ceos of more than 200 companies to contact an accompanying list of freshmen Republicans and push for support. Rubin and other officials began telephoning reporters and editors with spin. No one disputed that the stakes are high. Treasury's Rubin argued that if the loan guarantees were defeated, financial markets would panic in Mexico and in other emerging countries. ``You have the prospect of very serious ramifications...
Back east, out of the hills of West Virginia and Virginia, endless strings of coal hoppers of the Norfolk Southern and CSX roll toward the gargantuan coastal terminals where the cars are grabbed and rolled upside down, spilling their cargoes onto belts that pour the coal into ship holds. Those trains travel on lines first plotted and built to rush the troops of Robert E. Lee and Stonewall Jackson into Civil War battles. Confederate General William Mahone, an engineering genius, felled trees so skillfully in Virginia's Great Dismal Swamp before the war that today's trains still rush over...
...Cogen" plants produce power by burning oil, natural gas or coal, translated into electricity or steam. The CSX Greenbrier project was designed to burn both oil and Otisca Fuel to produce electricity for Virginia Electric & Power, the local utility. Even if they don't get federal assistance, Shelor hopes to build the Greenbrier plant. Alternatively, he and Smith are discussing a deal that would use coal wastes to make Otisca Fuel as a direct substitute for No. 6 fuel oil. The prospect of making money the old-fashioned way, by earning it through the sale of cogenerated power...