March 9, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 8, 2016) NEW YORK — Canadian Pacific Railway Ltd. is still interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., Chief Executive Officer Hunter Harrison said....
March 4, 2016 | CP, CSX, Headlines
(Source: Associated Press, March 2, 2016) OMAHA, Neb. — Canadian Pacific reportedly approached the CSX railroad about a possible merger earlier this year while it continued to pursue its proposed takeover of rival Norfolk Southern. Full story: The...
March 2, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 1, 2016) NEW YORK — CSX Corp. jumped as much as 8 percent after the close of trading in New York, following a report that Canadian Pacific Railway Ltd. approached the U.S. railroad about a takeover in January and was rebuffed. Full story:...
March 2, 2016 | CSX, Headlines
(Source: Marketwatch, March 1, 2016) NEW YORK — Canadian Pacific Railway, which is pressing an unwanted takeover bid for Norfolk Southern, recently revived a $20 billion-plus effort to combine with CSX Corp. in the latest sign of its eagerness to bring consolidation...
February 25, 2016 | CSX, Headlines
(Source: CSX press release, February 22, 2016) JACKSONVILLE, Fla. — CSX announced today that the Washburn Switch Business Park in Cleveland County, North Carolina has been designated a CSX Select Site. Select Sites are development-ready properties along the CSX...
February 23, 2016 | CSX, Headlines
(Source: Jacksonville Business Journal, February 23, 2016) JACKSONVILLE, Fla. — CSX is getting a lift from an industry-wide rebound in crude oil prices, which has jumped about 7 percent to over $30 a barrel. Full story: Jacksonville Business...
February 23, 2016 | CSX, Headlines, KCS
(Source: Bidness Etc., February 23, 2016) NEW YORK — According to Merrill Lynch analysts, railroads are fashionable again with the investment firm raising its ratings for CSX Corporation, Kansas City Southern, Canadian National and Union Pacific, as well as Genesee...
February 22, 2016 | CSX, Headlines
(Source: Television station News 4 Jax, February 20, 2016) JACKSONVILLE, Fla. — Nearly a decade after a railroad conductor died in a remote area, the Florida Supreme Court on Friday agreed to take up a lawsuit about CSX Transportation’s duty to provide medical...
February 22, 2016 | CSX, Headlines
(Source: LaborNotes.org, February 19, 2016) BROOKLYN, N.Y. — Union members have become used to a certain pattern: threats of plant closings and layoffs, followed by a vote to reopen the contract and make concessions to “save jobs.” In the railroad shops of the CSX...
February 18, 2016 | CSX, Headlines
(Source: CSX press release, February 17, 2016) JACKSONVILLE, Fla. — Chief Financial Officer Frank Lonegro today highlighted the company’s track record of success during the energy market transition and updated expectations for company performance at the Barclays...
