Railroad
CSX Profit Jumps to $877 Million
CSX Corp. reported second-quarter net earnings of $877 million, or $1.01 a share, a rise of 72% from net earnings of $501 million, or 55 cents a share, in the same period a year ago.
July 17, 2018CSX to Open Hub in Eastern North Carolina
North Carolina Department of Transportation officials announced June 28 that they have reached an agreement with CSX Corp. to build a new intermodal transportation facility in Edgecombe County.
CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing
CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.
CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations
CSX Corp., the country’s third-largest railroad, reported stronger-than-expected earnings April 17 as the company cut costs. First-quarter net earnings were $695 million, or 78 cents per share. That is more than the 66 cents per share analysts had been expecting.
CSX to Purchase Collision Avoidance System
Freight rail company CSX Corp. is ordering the Protran Technology Collision Avoidance System to be installed on several hundred of its railway track maintenance machines, and eventually onto its entire fleet.
April 6, 2018CSX Sells Stake in Hotel Property
CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.
February 20, 2018Amtrak Crash Adds to CSX’s Rising Accident Toll
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.
CSX Revenue Down, Earnings Up
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.
Death of CSX’s Hunter Harrison Prompts Questions about Health Disclosures
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.
CSX Takes ‘Interim’ Tag off CEO Jim Foote
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.