Career in The Railway Industry
Snow's years with the Department of Transportation proved useful to him, as in 1977, he became the Vice President in charge of Governmental Affairs for Chessie System, Inc., a holding company that owned three American railroads: the Chesapeake and Ohio Railway, a.k.a. the C&O (for which the Chessie System was named); the Western Maryland Railway; and the Baltimore and Ohio Railroad (the B&O of Monopoly fame).
In 1980, Chessie System merged with another railroad holding company, Seaboard Coast Line Industries, to form CSX Corporation, and Snow became CSX's Senior Vice President-Corporate Services at their new headquarters in Richmond, Virginia. In 1984, he was promoted to Executive Vice President.
In 1985, CSX installed Snow as President and CEO of their B&O Railroad and he oversaw its merger with their C&O Railway in 1986. This created a new entity, CSX Transportation, headquartered in Jacksonville, Florida. Snow became the President and CEO of CSX Transportation.
In 1988, Snow left CSX Transportation (the railroad) to become President and Chief Operating Officer of CSX Corporation (the holding company). As of April 1989, he was President and Chief Executive Officer of CSX. From 1991, he also served as CSX's Chairman. He continued to hold all three posts until he was named Secretary of the Treasury in 2003.
Part of CSX, CSX Lines was sold to The Carlyle Group, early in 2003. After Snow left the company for the White House, CSX sold its international port operations to the UAE company, Dubai Transport.
Read more about this topic: John W. Snow
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