CSX Corp.

Business, Logistics

Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So

Norm Betts/Bloomberg News

Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that?

March 6, 2017
Business, Logistics

CSX Is Said Near Deal to Name Harrison CEO

Chris Goodney/Bloomberg News

CSX Corp. may install Hunter Harrison as chief executive officer as early as the week of March 6 as the railroad and an activist shareholder move closer to ending an impasse over Harrison’s pay package, people familiar with the matter said.

March 3, 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, Logistics

CSX Shakeup: CEO to Retire, 1,000 Managers to Be Laid Off

Harrison, Ward

CSX Corp. CEO Michael Ward and President Clarence Gooden will retire May 31, and the company will lay off 1,000 managers by the end of March as it decides whether to hire former Canadian Pacific Railway CEO E. Hunter Harrison to take the reins at the Class I railroad.

Ari Ashe | Staff Reporter
February 27, 2017
Business, Logistics

CEO of CSX to Retire as Hunter Harrison Negotiations Continue

Norm Betts/Bloomberg News

The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX’s top executive. The company also announced 1,000 layoffs.

February 21, 2017
Business, Logistics

CSX Seen Restarting CEO Talks After Activist Softens His Demands

Chris Goodney/Bloomberg News

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.

February 17, 2017
Business, Logistics

CSX Shareholders Seen Likely to Make Harrison a $300 Million Man

Norm Betts/Bloomberg News

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.

February 17, 2017
Business, Logistics

Container Rail Service to Port of Wilmington Could Start in March

Luke Sharrett/Bloomberg News

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.

Tim Buckland | Star-News (Wilmington, N.C.)
February 3, 2017
Business, Logistics

CSX Investors Are All Ears for Harrison Pitch to Run Carrier

Luke Sharrett/Bloomberg News

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

January 25, 2017
Business, Logistics

CSX Reports Lower Earnings In Fourth Quarter But Matches Analyst Forecasts

Luke Sharrett/Bloomberg News

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.

January 17, 2017

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