CSX Corp.

Business, Logistics

Analysis: CSX Profit Chugs Along, but Could Come at a Price

CSX railcar Stanley Forthright/Flickr

CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?

Brooke Sutherland | Bloomberg News
July 19, 2017

Harrison’s First Quarter as CEO of CSX Successful as Profits Increase 15%

Hunter Harrison Norm Betts/Bloomberg News

Hunter Harrison’s first full quarter at the helm of CSX was successful as profits surged 15% year-over-year.

Ari Ashe | Staff Reporter
July 18, 2017

CSX Officially Agrees to Pay $84 Million to Keep Hunter Harrison

Norm Betts/Bloomberg News

CSX Corp. has officially agreed to pay $84 million as part of the process to bring Hunter Harrison on board as the CEO, executing an agreement on June 16 that shareholders approved earlier in the month.

June 16, 2017

CSX Shareholders Approve $84 Million Payday to Harrison Despite Health Concerns

Norm Betts/Bloomberg News

Despite some concerns in recent weeks about the health of CSX CEO Hunter Harrison, 72, shareholders overwhelmingly approved a resolution to pay him $84 million to recoup money he forfeited when he left Canadian Pacific Railway in January.

June 5, 2017

More Layoffs at CSX Brings Total Dismissals to 1,000, as Originally Projected


Jacksonville, Fla.-based CSX Corp. finalized the company’s layoffs April 25 with the termination of 200 workers, bringing the complete tally of layoffs to 1,000, which the company originally projected in February.    

Drew Dixon | The Florida Times-Union (Jacksonville, Fla.)
April 26, 2017
Business, Logistics

Profits Up at CSX, Decline at CP in 1Q; Harrison Pushes for Rail Consolidation

Luke Sharett/Bloomberg News

Rail freight companies began the earnings season with mixed results as profits rose 1.7% at CSX Corp. but plunged 20% at Canadian Pacific Railway Ltd. in the first quarter compared with the same period a year ago.

Ari Ashe | Staff Reporter
April 24, 2017
Business, Logistics

Profits Up at CSX, Down at Canadian Pacific in First Quarter

Luke Sharrett/Bloomberg News

The rail freight carriers' earnings season began on a mixed note as profits rose 1.7% at CSX Corp. but plunged 20% at Canadian Pacific Railway in the first quarter compared with the same period in 2016.

April 19, 2017

CSX Railroad Fuel Tax Lawsuit Dismissed

Luke Sharrett/Bloomberg News

Alabama doesn't discriminate against railroads by requiring them to pay a 4% diesel fuel sales tax while their competitors — trucking and barge companies — are exempt, a federal judge ruled this week.

Kent Faulk | Alabama Media Group, Birmingham
March 31, 2017
Business, Logistics

Expectations High as Harrison Assumes Leadership of CSX

Norm Betts/Bloomberg News

CSX Corp. appointed E. Hunter Harrison to its CEO post and, based on his success at other railroads, analysts predict he will turn the sprawling, underperforming, historic Class I railroad into one that is faster and more punctual, with better service and higher rates.

Roger Gilroy | Senior Reporter
March 13, 2017

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