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    Washington Post.com: Post 200 -- Beyond the Beltway: Top 35 VA Cos.

    CSX Corp.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 10,536,000 2.3
    Net Income 855,000 38.3
    Rank Last Year: 1
    Description:
    CSX Corp. is a worldwide transportation company that operates an 18,645-mile railroad that stretches from the Gulf of Mexico to Canada. It also operates Sea-Land Service Inc., the country's largest container shipping business, and American Commercial Lines, a large barge operator. CSX also operates intermodal shipping and logistics subsidiaries, and owns the Greenbrier resort in West Virginia and the Grand Teton Lodge in Wyoming.

    Business Resume:
    • Contact Info --
      901 E. Cary St.
      Richmond, Va. 23219
      804-782-1400
    • Main Business --
      Transportation
    • Founded --
      1980
    • Chairperson --
      John W. Snow (CEO)
    • President --
      John W. Snow
    • Employees --
      47,314
    Developments:
    The CSX rail unit, CSX Transportation, is about to grow by as much as 5,000 miles in a merger with Philadelphia-based Conrail, the northeastern railroad created by Congress in 1976 from the lines of bankrupt eastern railroads. After a bitter battle with Norfolk Southern Corp., which attempted a hostile takeover of Conrail, CSX and Norfolk Southern will split Conrail.

    The exact cost to CSX of the Conrail deal could approach $5 billion, which will put the railroad in a tight financial position, perhaps for several years.

    Copyright 1997 The Washington Post

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