CSX stock is rising quickly amid reports that a longtime industry leader has his eye on the Jacksonville-based railroad. It started last week when Hunter Harrison announced he was retiring months ahead of schedule as chief executive officer …
For the first 40 weeks of the year, United States rail traffic declined 6.9% on a year-over-year basis. More specifically, in CSX’s third quarter, revenue slid 8%. Let’s break down that revenue: Those aren’t good numbers, but Industrial is 38% …
The railroad also agreed to give Harrison options on 9 million shares of CSX stock. Harrison has told the company that he will resign his position if the entire package is not approved. He also has invested more than $15 million in the railroad’s …
Mantle Ridge has said it owns about 4.9 percent of CSX's stock. Last week, CSX said Harrison's proposed pay package was estimated to be $300 million and said Mantle Ridge was seeking substantial representation on the company's …
At the end of 2007, the Children’s Investment Fund, known in court papers as T.C.I., and 3G Capital Partners, another hedge fund, announced that they owned just under 9 percent of CSX’s stock as well as cash-settled derivatives equal …
as well as being promised options to buy up to 9 million shares of CSX stock at its share price on the day he took office. Shareholders are to vote on the $84 million reimbursement in May. Contact David Patch at: dpatch@theblade.com or …
That would be good news for stockholders, since both railroads added greatly to their debt load to buy Conrail. CSX stock is roughly where it was two years ago, while Norfolk Southern shares are up slightly. CSX closed at $46.9375 on …
NEW YORK, April 20 (Reuters) - Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job …
CSX) this week approved a $0.20 per share quarterly dividend on the company's common stock. The dividend is payable on December 15, 2017, to shareholders of record at the close of business on November 30, 2017. About CSX and its …
Shares in CSX traded up 1.6 percent in afternoon trading. The company's stock is up more than 70 percent in the past 12 months and almost 50 percent since the beginning of the year. Elements of this story were generated in part by …