October 17, 2014 | CEO Pay, CSX, Headlines
(Source: Ticker Report, October 15, 2014) NEW YORK — CSX Chief Operating Officer (COO) Oscar Munoz unloaded 75,000 shares of the stock on the open market in a transaction that occurred on Monday, October 13. The shares were sold at an average price of $33.77, for a...
October 17, 2014 | CP, CSX, Headlines
(Source: Albany Times Union, October 14, 2014) ALBANY, N.Y. — At first glance, a merger between Canadian Pacific Railway and CSX might reduce rail competition in the Capital Region. But it also might revitalize and improve existing services, as CSX rival Norfolk...
October 17, 2014 | CP, CSX, Headlines
(Source: Reuters, October 16, 2014) TORONTO — The founder of hedge fund Pershing Square Capital Management said on Thursday that Canadian Pacific Railway’s chief executive believes some consolidation in the rail industry could improve competition. Full story:...
October 17, 2014 | CP, CSX, Headlines
(Source: Reuters, October 16, 2014) CHICAGO — Senator Amy Klobuchar, the head of a U.S. Senate subcommittee, raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific...
October 16, 2014 | CP, CSX, Headlines
(Source: Globe and Mail, October 15, 2014) TORONTO — A move by Canadian Pacific Railway Ltd. to acquire U.S. rail company CSX Corp. would bring untold benefits to CP, including completing its rail network to East Coast refineries and ports. Full story: Globe and...
October 16, 2014 | CP, CSX, Headlines
(Source: Bloomberg News, October 15, 2014) NEW YORK — CSX Corp. Chief Executive Officer Michael Ward said Wednesday that rail consolidation could create disruptions in freight traffic, after the U.S. carrier last week was said to rebuff merger talks with Canadian...
October 15, 2014 | CP, CSX, Headlines
(Source: Financial Post, October 14, 2014) OTTAWA — Almost 15 years ago, Canadian National, which had been privatized a few years earlier, made a bid to acquire Burlington Northern Sante Fe, a move which was set to create the largest railroad in North America. Full...
October 15, 2014 | CP, CSX, Headlines
(Source: Bloomberg, October 13, 2014) NEW YORK — After being spurned by CSX, Canadian Pacific could make another approach or consider another target, said a person familiar with the matter. CSX, the largest railroad in the eastern U.S., would also be a good fit for...
October 15, 2014 | CSX, Headlines, Quarterly Income
(Source: Associated Press, October 14, 2014) OMAHA, Neb. — CSX Corp. (CSX) on Tuesday said its third-quarter profit grew 12 percent to $509 million as it hauled more freight amid an improving economy. Full story: Albany Times Union
October 15, 2014 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 14, 2014) JACKSONVILLE, Fla. — CSX Corporation today announced record third quarter net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last year. This...
