January 20, 2017 | CSX, Headlines
(Source: Street Insider, January 19, 2017) NEW YORK — CSX said in an email obtained by Bloomberg that will actively evaluate Mantle Ridge’s views and discuss its core strategy with the hedge fund. CSX’s board remains supportive of its strategic growth...
January 20, 2017 | CSX, Headlines, Quarterly Income
(Source: Reuters, January 19, 2017) JACKSONVILLE, Fla. — Shares of CSX Corp soared 20 percent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Full story: Yahoo...
January 19, 2017 | CSX, Headlines
(Source: Reuters, January 18, 2017) DETROIT — The head of No. 3 U.S. railroad CSX Corp said on Wednesday he sees room for optimism that the U.S. economy could continue to gain momentum in 2017, especially if President-elect Donald Trump follows through on pro-growth...
January 19, 2017 | CSX, Headlines
(Source: Associated Press, January 18, 2017) OMAHA, Neb. — CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms. Full story: Seattle...
January 19, 2017 | CSX, Headlines
(Source: Bloomberg, January 19, 2017) NEW YORK — Hunter Harrison really, really doesn’t want to retire. The 72-year-old announced late Wednesday that he’s stepping down as CEO of Canadian Pacific Railway Ltd. six months ahead of schedule. He’s not...
January 19, 2017 | CSX, Headlines, NS
(Source: Investors Business Daily, January 18, 2017) NEW YORK — Shares of rail giants CSX (CSX) and Norfolk Southern (NSC) surged late Wednesday after Canadian Pacific (CP) said CEO E. Hunter Harrison, who helped lead the Norfolk Southern takeover attempt last year,...
January 19, 2017 | CP, CSX, Headlines
(Source: Railway Age, January 18, 2017) NEW YORK — Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous...
January 18, 2017 | CSX, Headlines, Quarterly Income
(Source: Associated Press, January 17, 2017) OMAHA, Neb. — CSX Corp.’s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak. The Jacksonville, Florida-based railroad said Tuesday it generated $458...
January 18, 2017 | CSX, Headlines, Quarterly Income
(Source: CSX press release, January 17, 2017) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of last year. The fourth quarter of...
January 11, 2017 | CSX, Headlines
(Source: Virginian-Pilot, January 7, 2017) NORFOLK, Va. — Remember those long, single-stack trains that sometimes seemed to sit forever along the tracks in the median of Va. 164 in Portsmouth? They’re gone for good, as of a couple of days before Christmas. Full story:...
