CSX

CSX Corp.’s first quarter 2017 non-adjusted net earnings of $362 million and a adjusted operating income of $712 million, yielded net earnings per share of $0.39 up from net earnings…
The family-owned Aberdeen & Rockfish Railroad Co. is celebrating its 125th anniversary serving North Carolina’s Sandhills region.
A planned rail logistics hub on the site of a former steel mill near Baltimore took a major step forward this week, signing on a key player as both a…
The Federal Maritime Commission has approved an agreement allowing the Georgia Ports Authority and the Virginia Port Authority to cooperate as an East Coast gateway for containerized cargo.
A U.S. District Court Judge in Alabama dismissed a lawsuit by CSX alleging a state tax on diesel fuel discriminated against railroads.
What has been will be again; what has been done will be done again. There is nothing new under the sun. Is there anything of which one can say, “Look!…
The Georgia Ports Authority commissioned the first of four new neo-panamax ship-to-shore container cranes at its Garden City Terminal, Savannah.
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not…
The Jacksonville Port Terminal Railroad (JXPT) officially began services on March 8.
Intermodal and transport provider Schneider and CSX have signed a new multi-year agreement.
Conrail’s Board of Directors has named Timothy Tierney President and Chief Operating Officer, effective April 1. Tierney succeeds Ronald Batory, who is retiring after nearly 46 years in the railroad…
Coal led all gainers as rail traffic in the U.S. totaled 521,607 carloads and intermodal units for the week ending March 4, up 1.8 percent from the same week in…
Now that E. Hunter Harrison has become CEO of CSX, “we expect additional layoffs in addition to the recently announced 1,000 members of management,” says Cowen and Company Managing Director…
CSX has a new CEO. The Jacksonville, Fla.-based railroad on March 6 agreed to a deal with hedge fund Mantle Ridge LP to name E. Hunter Harrison as chief executive,…
Now that Michael Ward has retired as CEO of CSX, he will remain in Jacksonville and continue the work that he loves as much as running a railroad—giving back to…
Containerized trade through the Port of Savannah grew 16.2% to 331,468 TEUs in January, a record month for tonnage, and another sign of strengthening box growth in the new year…
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as…
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter…
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