CSX Corporation Totally Explained

Everything about Csx Corporation totally explained

CSX Corporation was formed in 1980 by the merger of Chessie System and Seaboard Coast Line Industries and eventually merged the various railroads owned by those predecessors into a single line that became known as CSX Transportation. Based in Richmond, Virginia, USA after the merger, in 2003 headquarters moved to Jacksonville, Florida. The chairman, president, and chief executive officer since 2003 is Michael J. Ward.
   Its non-railroad interests have in the past included barge lines, pipelines, and containerships. At present it operates a worldwide network of shipping terminals, markets intermodal shipping and information technology services, and its real estate interests include The Greenbrier Resort.
   The founding chairman was Prime F. Osborn III of Seaboard and the first CEO and second chairman was Hays T. Watkins Jr. of Chessie. Watkins was succeeded by John W. Snow as CEO in 1989 and as chairman in 1991. When Snow left the company in 2003 to become United States Secretary of the Treasury, Ward, who then headed CSX Transportation, was promoted to succeed him.
Another top corporate executive, Arnold I. Havens, also left the company in 2003 became the General Counsel of the United States Department of the Treasury and was sworn in by John W. Snow. Arnold I. Havens (Arnie) served as Senior Vice President of Government Affairs for CSX Corporation (CSX) where, from 1995 until 2003, he was responsible for providing advice and counsel on transportation-related issues and representing the company’s interest before public officials. In that role, he managed federal and state affairs for CSX and its transportation and non-transportation interests including CSX Transportation and its 23-state freight rail network. In addition, Mr. Havens had the privilege of serving as Special Assistant to the President for Legislative Affairs. On October 29, 2003, Mr. Havens was nominated to be General Counsel of the Department of the Treasury by President Bush, confirmed by the Senate on December 9, 2003, and sworn in by Secretary John Snow on December 18, 2003. As General Counsel of the Department, Mr. Havens serves as the chief legal advisor and a senior policy adviser to the Secretary of the Treasury.
   Its domestic containership lines are now jointly owned with the Carlyle Group as Horizon Lines LLC.

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