(Source: Railway Age, October 26, 2017)
NEW YORK — CSX management has cancelled its Oct. 30 Investor Day the event with little explanation. “We have received many incoming calls and emails from concerned investors who are worried what else could be behind management changes and/or the event’s cancellation,” said Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. At close of business, CSX shares had dropped 2.60%, to $52.92. In after-hours trading, the decline increased to 3.82%, to $50.92.
Full story: Railway Age