July 23, 2008 | CSX, Headlines
(The following story by Kelly Hannon appeared on the Free Lance Star website on July 22.) FREDERICKSBURG, Va. — Virginia Railway Express trains were delayed yesterday when CSX Corp. was unable to send train orders for several hours. Trains 306 and 308 were delayed,...
July 23, 2008 | CSX, Headlines
(TCI and 3G Capital issued the following on July 22.) NEW YORK — The Children’s Investment Fund Management (UK) LLP (“TCI”) and 3G Capital Partners, Ltd. (“3G”) today sent the following letter to the Board of Directors of CSX Corp. July...
July 17, 2008 | CSX, Headlines
(Reuters circulated the following on July 16.) CHICAGO — U.S. railroad CSX Corp. should see price increases in 2009 above the rate of inflation, the company’s top executive said on Wednesday. In a conference call with analysts, Chief Executive Michael Ward said...
July 17, 2008 | CSX, Headlines
(Reuters circulated the following story on July 17.) CHICAGO — Shares of CSX Corp. rose 6 percent on Wednesday after the railroad reported an profit in line with expectations late Tuesday as strong pricing offset declining freight volumes. The railroad also said that...
July 17, 2008 | CSX, Headlines
(The following story by Tom Brennan appeared at CNBC.com on July 16.) NEW YORK — CSX Chief Executive Michael Ward just can’t do enough. At least not for the hedge funds that have been trying to take control of his company. The rails company reported a 19% jump in...
July 17, 2008 | CSX, Headlines
(Reuters circulated the following on July 16.) CHICAGO — The “final outcome” of a contested shareholder vote at U.S. railroad CSX Corp. will depend on a court ruling later this summer on whether two hedge funds could vote all their shares, the...
July 17, 2008 | CSX, Headlines
(The Associated Press circulated the following story by Samantha Bomkamp on July 16.) NEW YORK — CSX Corp. says preliminary results of the railroad’s contentious board vote show that four out of five directors nominated by activist hedge fund shareholders TCI...
July 16, 2008 | CSX, Headlines
(Reuters circulated the following on July 15.) CHICAGO — CSX Corp., the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday as strong pricing offset a 3 percent decline in freight volumes. The Jacksonville, Florida-based railroad...
July 16, 2008 | CSX, Headlines
(The Associated Press circulated the following story by Samantha Bomkamp on July 15.) NEW YORK — As it continues to defend the strength of its operations and management team in a bitter proxy battle, freight railroad operator CSX Corp. said Tuesday its second-quarter...
July 15, 2008 | CSX, Headlines
(The following appeared at SeekingAlpha.com on July 15.) NEW YORK — Rail operator CSX Corporation (CSX) will report its second quarter financial results on Tuesday after the close of the stock market. Art Hatfield, an analyst with Morgan Keegan, is forecasting that...
