Railroad
CSX Stock Stabilizes Days After Death of CEO
CSX’s stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.
CSX Caught Mid-Revolution by Death of Rail-Legend Harrison
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.
Hunter Harrison, CEO at CSX, Dies at 73
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.
CSX CEO Hunter Harrison Takes Medical Leave
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.”
Harrison Talks CSX Succession Plan as Shippers Brace for New Fees, Tighter Rules in 2018
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.
Teamsters Hold Public Picket Against CSX Future Health Benefits
A division of the Teamsters union held what it called an informational picket Oct. 30 against Jacksonville-based CSX Corp., saying the company is planning to “drastically reduce our health insurance benefits.”
CSX Postpones Investors Day, Sending Company Stock Sliding
Just one week after CSX Corp. delivered some positive news in its quarterly earnings report after service disruptions this summer, investor confidence was rocked again when the railroad carrier abruptly postponed the official Investors Day on Oct. 30.
CSX Treads Water in 3Q After Turbulent Summer
The freight railroad industry began the earnings season on a positive note. CSX Corp. scratched out a small win and Canadian Pacific Railway easily surpassed year-ago levels as the industry continues to rebound in 2017.
Harrison Apologizes to Rail Shippers for Summer Service Disruptions
WASHINGTON — CSX Corp. CEO Hunter Harrison apologized to railroad shippers at a U.S. Surface Transportation Board meeting Oct. 11, blaming layoffs prior to his arrival, the proxy battle to replace the prior leadership and employee resistance for lengthy service disruption during the summer.
Port of Virginia Begins CSX Service to New Pittsburgh Intermodal Terminal
CSX Transportation on Sept. 7 opened an intermodal terminal outside of Pittsburgh, and now the Port of Virginia will serve Pennsylvania and Ohio via double-stack trains.
September 24, 2017