CSX Corp. News Updates

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.

CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.

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’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.

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.

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.

CSX’s stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.

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.

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.

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.”