CSX Corp.
Business

CSX Sells Stake in Hotel Property

Westin Resort westinsavannah.com

CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.

February 20, 2018
Business, Safety, Logistics

Amtrak Crash Adds to CSX’s Rising Accident Toll

The site of the Feb. 4 train crash between an Amtrak train and a CSX freight train, in Cayce, S.C. ( AP Photo/Jeff Blake)

A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents.

Thomas Black | Bloomberg News
February 5, 2018
Business, Logistics, TCA

CSX Revenue Down, Earnings Up

Jaroh/Flickr

CSX’s net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
January 17, 2018
Business

Death of CSX’s Hunter Harrison Prompts Questions about Health Disclosures

Cindy Sanborn, Hunter Harrison of CSX Corp. Harrison with former CSX Chief Operating Officer Cindy Sanborn at STB listening session in October. (Ari Ashe/Transport Topics)

Former CSX Corp.CEO Hunter Harrison died less than one year into his four-year contract. Now questions are starting to arise about whether it was wise for the railroad to invest $84 million in the tycoon despite obvious health concerns.

Ari Ashe | Staff Reporter
December 27, 2017
Business, Logistics

CSX Takes ‘Interim’ Tag off CEO Jim Foote

CSX train Bloomberg TV Markets and Finance via YouTube

Only two months after being hired, Jim Foote is now the top executive at CSX Corp. after the unexpected death of CEO Hunter Harrison on Dec. 16.

Ari Ashe | Staff Reporter
December 27, 2017
Business, Logistics, TCA

CSX Stock Stabilizes Days After Death of CEO

John H Gray/Flickr

CSX’s stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
December 19, 2017
Business, Logistics

CSX Caught Mid-Revolution by Death of Rail-Legend Harrison

Timothy Vogel/Flickr

With CEO Hunter Harrison’s death on Dec. 16, CSX Corp. lost the guiding hand of a railroading legend who added almost $17 billion in value in less than a year.

Thomas Black | Bloomberg News
December 18, 2017
Business

Hunter Harrison, CEO at CSX, Dies at 73

Hunter Harrison Chris Goodney/Bloomberg News

Hunter Harrison, the successful railroad-turnaround specialist whose career spanned more than 50 years, has passed away just two days after CSX Corp. announced the CEO would take a medical leave of absence.

Ari Ashe | Staff Reporter
December 16, 2017
Business, Logistics, TCA

CSX CEO Hunter Harrison Takes Medical Leave

Scott Eells/Bloomberg News

Hunter Harrison has taken a medical leave from his position as CEO and president of CSX, the company announced Dec. 14. The railroad gave no details other than saying the leave was due to “unexpected complications from a recent illness.”

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
December 15, 2017
Business

Harrison Talks CSX Succession Plan as Shippers Brace for New Fees, Tighter Rules in 2018

CSX has come under criticism from shippers for delays CSX has come under criticism from shippers for delays. (TT File Photo)

CSX Corp. CEO Hunter Harrison told a conference that he’s “trying to stay back a little bit,” prompting questions about how much he’s involved in the day-to-day operations at the U.S. railroad and how soon a transition in leadership might occur.

Ari Ashe | Staff Reporter
November 30, 2017

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