CSX Corp.

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

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

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
Business, Logistics, TCA

Teamsters Hold Public Picket Against CSX Future Health Benefits

Brotherhood of Maintenance of Way Employes

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.”

Drew Dixon | The Florida Times-Union (Jacksonville, Fla.)
October 31, 2017

CSX Postpones Investors Day, Sending Company Stock Sliding

CSX CEO Hunter Harrison Postponement of Investors Day sparked speculation about Harrison. (Chris Goodney/Bloomberg News)

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.

Ari Ashe | Staff Reporter
October 26, 2017

CSX Treads Water in 3Q After Turbulent Summer

CSX double-stack train Freight railroads started earnings season on a positive note as CSX eeked out a small win. (TT File Photo)

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.

Ari Ashe | Staff Reporter
October 18, 2017
Government, Business

Harrison Apologizes to Rail Shippers for Summer Service Disruptions

Harrison (right) CSX CEO Harris with COO Cindy Sanborn at STB on Oct 11. (Ari Ashe/Transport Topics)

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.

Ari Ashe | Staff Reporter
October 11, 2017