Railroad
Harrison’s First Quarter as CEO of CSX Successful as Profits Increase 15%
Hunter Harrison’s first full quarter at the helm of CSX was successful as profits surged 15% year-over-year.
CSX Officially Agrees to Pay $84 Million to Keep Hunter Harrison
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, 2017CSX Shareholders Approve $84 Million Payday to Harrison Despite Health Concerns
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, 2017More 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.
Profits Up at CSX, Decline at CP in 1Q; Harrison Pushes for Rail Consolidation
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.
Profits Up at CSX, Down at Canadian Pacific in First Quarter
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, 2017CSX Railroad Fuel Tax Lawsuit Dismissed
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.
Expectations High as Harrison Assumes Leadership of CSX
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.
500 Employees Lose Jobs in Jacksonville, Fla. as Part of CSX Layoffs
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..
Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So
Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that?