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Shareholder sues CSX, hedge funds over short-swing profits

(Dow Jones circulated the following story by Chad Bray on October 29.) NEW YORK — A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator’s board in a proxy...

Final CSX hearing set for first stage

(The following story by Tom Palmer appeared on the Lakeland Ledger website on October 27.) WINTER HAVEN, Fla. — After nearly two years of discussion, approval for the first phase of the planned CSX freight rail terminal in Winter Haven is headed for its final public...

Rails and trucks post widely different 3Q outcomes

(The Associated Press circulated the following on October 27.) NEW YORK — Railroads and trucking companies told very different stories in their third-quarter earnings reports, as rails continued fetch higher prices and truckers dealt with weak pricing and slumping...

CSX chief says coal is under attack

(The following story by George Hohmann appeared on the Charleston Daily Mail website on October 26.) CHARLESTON, W.Va. — The head of CSX Corp. – operator of one of the nation’s largest coal-hauling railroads – said the country is headed toward an...

CSX’s Winter Haven development one step closer to reality

(The following story by Shelly Godefrin appeared on the News Chief website on October 16.) WINTER HAVEN, Fla. — The development order for the proposed CSX Intermodal Logistics Center (ILC) was unanimously passed on first reading at a special Winter Haven City...

Opinion: First stop on the Railroad Earnings Express

(The following column by Christopher Barker appeared on the Motley Fool website on October 16.) The engine of global growth may suddenly feel like the big engine that won’t, but one American rail company remains right on track. Eastern U.S. rail carrier CSX...

CSX CEO: Slowdown could push customers to U.S. rails

(Reuters circulated the following story by Nick Carey on October 15.) DETROIT — A slowing U.S. economy could push more customers to opt for the low-cost option of shipping their goods by train, the top executive of No. 3 U.S. railroad CSX Corp (CSX.N: Quote, Profile,...

CSX 3Q net profit falls, ’08 outlook moderates

(The Associated Press circulated the following story by Samantha Bomkamp on October 14.) NEW YORK — CSX Corp. said Tuesday its third-quarter earnings fell 6 percent, but still beat Wall Street’s expectations. The freight railroad operator also said it’s...

CSX profit falls 6.1% on freight drop

(Bloomberg News circulated the following story by Angela Greiling Keane on October 14.) NEW YORK — CSX Corp.’s third-quarter profit fell 6.1 percent after a tax gain a year earlier and a drop in freight carried by the third-largest U.S. railroad in a slumping...