Roger Bull

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, 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, 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, Logistics, TCA

Changes at CSX Bring Complaints and Slowdown

Hunter Harrison Scott Eells/Bloomberg News

CSX’s efforts to streamline its operations have brought complaints from customers about deteriorating service. But the head of the railroad is blaming the problems on resistance to change within the company.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
August 2, 2017
TCA

500 Employees Lose Jobs in Jacksonville, Fla. as Part of CSX Layoffs

Luke Sharrett/Bloomberg News

CSX has finished the layoffs it announced more than two weeks ago. The final numbers: 800 employees lost their jobs, including 500 in Jacksonville, Fla..

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
March 10, 2017
TCA

Railroad Executive Hunter Harrison has Reputation for Success and Record of Cost-Cutting

Chris Goodney/Bloomberg News

A month ago, few people in Jacksonville, Florida, probably ever heard of Hunter Harrison. But the 72-year-old Tennessee native has been almost a legend in the railroad world where he’s spent more than 50 years.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
February 27, 2017
Business

Report: CSX in Talks With Railroad Exec Hunter Harrison About Taking Top Spot at Company

Norm Betts/Bloomberg News

CSX is in talks with a railroad executive who could end up taking over the company’s top spot, according to published reports. The Wall Street Journal reported Jan. 29 that CSX officials met in Atlanta on Jan. 27 with Hunter Harrison, who recently retired as CEO of Canadian Pacific Railway.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
January 30, 2017
TCA

UPS to Spend $196 Million on Florida Facility

Tim Boyle/Bloomberg News

UPS Inc. announced plans Nov. 11 to invest $196 million in its ground package hub in Jacksonville, Florida. The expansion will add more than 260,000 square feet to UPS’ 560,000-square-foot building along with advanced technology and operations automation.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
November 14, 2016