CSX

Massachusetts transportation officials have completed the acquisition of a rail line that officials say will lead to fewer freight trucks on the roads and offer a connection to four major commuter rail lines.

CSX Corp. has announced record fourth-quarter 2014 net earnings of $491 million, a 15 percent increase from $426 million for the same period last year. The company also generated record fourth-quarter earnings per share of 49 cents, up 17 cents from $0.42 in 2013.

CSX Corporation (NYSE: CSX) announced a record third-quarter profit of $509 million Tuesday as it transported more freight thanks to high demand in the market.

Weather-related disruptions put a dent in earnings for CSX Corp. in the first quarter, bringing net income down to $398 million, compared to $462 million in 2013, the freight carrier announced.

When it comes to the environment, the railroad industry's bona fides are clear — trains use far less fuel than trucks to move goods from one place to another and produce much less pollution. But Providence & Worcester Railroad is taking things one step further.

Overnight delivery by air may be quick, but the majority of U.S. goods will likely be shipped by ground — by rail and road — for the foreseeable future, industry experts say.

The state's transportation department announced that is has completed the acquisition of the Worcester/Framingham Commuter Rail lines from CSX Corp., giving passenger travel priority over freight and the Massachusetts Bay Commuter Rail (MBCR) control of dispatching.

In announcing a “substantial completion” of its $100-million rail yard project, CSX Corp. has followed through with its commitment to contribute to a neighborhood improvement fund, giving Worcester $5 million, according to City Manager Michael O'Brien.

In 2011, a prominent Worcester attorney sparked debate among local business groups when he suggested they consolidate to have a more focused approach to economic development.

CSX Transportation recognized Grafton & Upton Railroad as one of its fastest-growing short line rail partners in...