Regulators Find Safety Shortfalls by CSX

Rail company CSX Transportation Inc. suffers from track and signal defects, overworked employees and managers who sometimes sidetrack safety to keep the trains running on time, regulators said. The report by the Federal Railroad Administration follows a series of accidents in Georgia, Florida and West Virginia that left one employee dead and 13 people injured. Jacksonville, Fla.-based CSXT and its 29,000 employees provide rail transportation and distribution services over an 18,500-mile network in 20 states and Canada. It is a unit of CSX Corp. The railroad has paid about $750,000 in fines for violations uncovered in the review. CSX shares fell 56 cents to close at $58.50 on the New York Stock Exchange.