CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs ...
CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed ...
If Union Pacific’s merger is approved, it could gain control of train operators who’ve been hauling freight across Chicago for more than a century.
CSX’s earnings fell 22% in the third quarter as the railroad wrapped up two major construction projects that were limiting traffic, but volume was still up slightly and the results were weighed down ...
The Surface Transportation Board has sent back Union Pacific’s proposed $85 billion buyout of Norfolk Southern for revision, ...
The federal regulators said the railroads failed to project post-merger market share despite claims of expected traffic ...
You could say that Jim Vena’s latest salvo in the war of words over the proposed Union Pacific-Norfolk Southern merger was ...
Fighting the merger is a “very high priority for us,” said Zak Andersen, vice president of communications for BNSF Railway. “We think it destabilizes the industry,” he said of the proposed merger, ...
Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...
The rail industry’s largest union is raising concerns about CSX’s plans to eliminate Operation RedBlock, a decades-old, union ...
Major railroads continue to ride out a rough patch in this low-energy-price environment. In addition to the weak energy market, railroads are coming up against increased national and global ...
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