CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable ...
The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX ...
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. CSX dealt with weather challenges and the ...
U.S. railroad traffic levels have been stagnant over the past 15 years because the Class I railroads were obsessed with profit margins while neglecting growth opportunities, CSX CEO Joe Hinrichs says.
Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...
CSX Railroad Profit Slips 2% as Shipping Demand Remained Weak and Severance Costs Hurt Results CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand ...
NEW YORK, Sept 29 (Reuters) - Activist investor Ancora Holdings on Monday welcomed news that railroad operator CSX (CSX.O), opens new tab has replaced its CEO and said it expected his successor would ...
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed ...