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 ...
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Investors looked past a 22% drop in CSX’s third-quarter earnings Oct. 16 and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...
CSX may be at a crossroads in the wake of the merger announcement of two of its Class I railroad rivals. Activist investor Ancora Holdings, which launched a proxy fight against Norfolk Southern that ...
The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX ...
CSX (NASDAQ: CSX) faces a difficult strategic situation after Warren Buffett explicitly ruled out any acquisition interest. CSX stock fell as much as 6.5% after Berkshire Hathaway’s Buffett denied ...
CSX (NASDAQ:CSX) stock experienced a 5% increase in after-market hours on July 16, following a Semafor report indicating that Union Pacific (NYSE: UNP) is considering the acquisition of an East Coast ...
“Our dedicated ONE CSX team continues to focus on delivering exceptional service to our customers, even as we manage complex infrastructure projects and overcome challenges resulting from ...
[Stay on top of transportation news: Get TTNews in your inbox.] Activist investor Ancora Holdings Group is a “growing shareholder” in rail operator CSX Corp., at a time when the industry is bracing ...