CSX Corp. News Updates

CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.

CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison’s demand for a $300 million pay package that the railroad derided as “exceptionally unusual,” according to analysts.

The "Queen City Express," delivering freight directly from the Port of Wilmington to a transportation hub in Charlotte, could begin in early March, officials said.

If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run.

CSX Corp. reported weaker earnings in the fourth quarter than the same period in 2015, although the freight carrier met analyst estimates compiled by Bloomberg News.

With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone.

Two CSX Corp trains collided and derailed in central Florida early on Nov. 16, injuring two crew members, the company said.

CSX Corp.'s net income fell 10% to $455 million, or 48 cents per share in the third quarter, hurt by declines of 8% in both volume and revenue.

CSX Corp. has announced that third-quarter earnings will trail both the 2015 period and second quarter profit because freight volumes have slumped.

While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.