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The great modern train robbery: Thieves steal $200 million a year

What happened

CSX Corp. has invested over $7.5 million in security upgrades at its Leewood Yard depot in Memphis, including fencing, razor wire, and 30 AI-powered surveillance cameras.

Source

fortune.comAug 17, 2026By Bloomberg, Kiel Porter

The great modern train robbery: Thieves steal $200 million a year

Article excerpt

The train was sitting just outside a depot in Memphis when the bandits made their move. Emerging from a black Kia Soul under the cover of darkness, the three men clambered on top of CSX Corp. railcars. They broke the container locks and grabbed more than $20,000 of items, including women’s clothing destined for a Belk department store, Lazer Blocks toys and two cases of Fre non-alcoholic chardonnay. The thieves filled their vehicle and hid the rest in a nearby wooded area, planning to come back for it later. The November theft was the type railyards had experienced dozens of times over the past few years, but this time, AI-powered cameras were being used to watch the heist. A task force focused on railroad crime leapt into action. The team - led by the Tennessee Bureau of Investigation with the assistance of federal, state and local agencies, along with the Tennessee National Guard and CSX’s own police force - launched a plane that tracked the vehicle for 11 miles. Officers swooped in a few hours later as one of the perpetrators was unloading boxes of stolen goods, and two other men were arrested separately over the following days, according to police records reviewed by Bloomberg News. Train robberies are a trope of cowboy Westerns, associated with 19th-century outlaws like Jesse James, Butch Cassidy and the Reno Gang. But the modern incarnation is largely a product of the...

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Extracted from this sentence

The company has spent more than $7.5 million putting in about 14,000 feet of Amiguard 7700 series fence with razor wire ribbon more than 15 feet high.

Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Amount named
$7.5M
Location
Memphis, Tennessee, United States

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The full record

From the Signal API record

Numbers

Amount named in the story
$7.5M

Details

Assets
security infrastructure

Topics and mentions

Asset tags

  • it
  • services

Extraction

Confidence
90%
Detected
Aug 17, 2026
signal_type
news
signal_subtype
invests_into_assets

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9972404a-d620-a0f2-4122-c0c017b05439 returns this record as JSON. POST /v1/companies/enrich returns every signal for csx.com.

{
  "signal_id": "9972404a-d620-a0f2-4122-c0c017b05439",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-08-17T12:51:09+00:00",
  "company": {
    "name": "CSX",
    "domain": "csx.com"
  },
  "data": {
    "url": "https://fortune.com/2026/08/17/freight-train-robberies-millions/",
    "title": "The great modern train robbery: Thieves steal $200 million a year",
    "assets": "security infrastructure",
    "author": "Bloomberg, Kiel Porter",
    "excerpt": "The train was sitting just outside a depot in Memphis when the bandits made their move. Emerging from a black Kia Soul under the cover of darkness, the three men clambered on top of CSX Corp. railcars. They broke the container locks and grabbed more than $20,000 of items, including women’s clothing destined for a Belk department store, Lazer Blocks toys and two cases of Fre non-alcoholic chardonnay. The thieves filled their vehicle and hid the rest in a nearby wooded area, planning to come back for it later. The November theft was the type railyards had experienced dozens of times over the past few years, but this time, AI-powered cameras were being used to watch the heist. A task force focused on railroad crime leapt into action. The team - led by the Tennessee Bureau of Investigation with the assistance of federal, state and local agencies, along with the Tennessee National Guard and CSX’s own police force - launched a plane that tracked the vehicle for 11 miles. Officers swooped in a few hours later as one of the perpetrators was unloading boxes of stolen goods, and two other men were arrested separately over the following days, according to police records reviewed by Bloomberg News . Train robberies are a trope of cowboy Westerns, associated with 19th-century outlaws like Jesse James, Butch Cassidy and the Reno Gang. But the modern incarnation is largely a product of the...",
    "summary": "CSX Corp. has invested over $7.5 million in security upgrades at its Leewood Yard depot in Memphis, including fencing, razor wire, and 30 AI-powered surveillance cameras.",
    "location": "Memphis, Tennessee, USA",
    "planning": false,
    "image_url": "https://fortune.com/img-assets/wp-content/uploads/2026/08/GettyImages-2226195824-e1786970840299.jpg?resize=1200,600",
    "confidence": 0.9,
    "assets_tags": [
      "it",
      "services"
    ],
    "published_at": "2026-08-17T12:51:09Z",
    "location_data": [
      {
        "city": "Memphis",
        "state": "Tennessee",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "The company has spent more than $7.5 million putting in about 14,000 feet of Amiguard 7700 series fence with razor wire ribbon more than 15 feet high.",
    "amount_normalized": 7500000
  }
}

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