Markets

CSX tumbles 7% after CEO goes on medical leave

CSX shares fell on Friday after the company announced CEO Hunter Harrison has taken medical leave. The company has appointed James Foote, its chief operating officer, as acting CEO. CSX hired Harrison in March to help turnaround the company, and concerns had been raised about his health. Shares of the […]
CSX tumbles 7% after CEO goes on medical leave
Markets

Here’s A Look At What CSX Moved Across Its Massive US Railroad Network

Rail giant CSX announced its third quarter results this afternoon, with earnings per share of $US0.46. Economists were expecting an EPS of $US0.43. The company also reported $US3 billion in revenue thanks to higher volume and pricing gains in merchandise. “CSX posted historically high financial results as it continued to […]
Here’s A Look At What CSX Moved Across Its Massive US Railroad Network
Markets

Railroad Executive Tells Us The Biggest Cloud Hanging Over The US Economy

[credit provider=”CSX” url=”http://www.csx.com/index.cfm/customers/maps/csx-system-map/”] We’re hearing more and more that there are two different stories going on in the U.S. economy: 1) the consumer is making a big comeback thanks in part to the recovering housing market and 2) business confidence is tumblingd due to policy uncertainty surrounding the fiscal cliff.Railroad […]
Railroad Executive Tells Us The Biggest Cloud Hanging Over The US Economy
Markets

Railroad Giant CSX Is About To Tell Us A Whole Lot About The US Economy

[credit provider=”CSX” url=”http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-reportsannual”] Railroader CSX will report second quarter results after the closing bell.Analysts polled by Bloomberg forecast revenue results improved less than 1 per cent to $3.04 billion, as net income advances a penny to $0.47. 
Railroad Giant CSX Is About To Tell Us A Whole Lot About The US Economy