Report: CSX Train Derails, Causing Large Explosion

A CSX Corp (NYSE:CSX) freight train derailed northeast of Baltimore on Tuesday, sparking a fire and causing buildings to collapse, authorities said.

The train derailed shortly after 2 p.m. EDT (1800 GMT) at White Marsh, Maryland, and there were no reports of injuries, a spokeswoman for the Baltimore County Police Department said. The cause of the accident was unknown.

The Baltimore County Fire Department said on its official Twitter feed that there was a fire at the scene. Preliminary reports said several buildings had collapsed, it said. Baltimore's WBAL-AM radio reported that several freight cars were on fire.