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 ...
BNSF this November will launch an Oklahoma City-based intermodal facility. Also, CSX announces its 2025 Customer Environmental Excellence Award honorees and designates a new Select Site in New York; ...
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 ...
JACKSONVILLE, Fla. - CSX CEO Joe Hinrichs says his railroad strongly disagrees with the assertions that an activist investor made in a letter that was made public this week. Ancora Holdings seeks to ...
NEW YORK (Reuters) -Hedge fund Toms Capital Investment Management requested to meet with the board at CSX after recently buying a stake in the U.S. railroad operator, people familiar with the matter ...
Pursue a merger or replace the CEO. Those are the two options Cleveland-based activist investor Ancora Holdings Group LLC is urging for freight railroad operator CSX Corp. of Jacksonville, Florida.
JACKSONVILLE, Fla. - CSX made headlines in the fall when it completed a pair of massive projects within weeks of each other: The opening of the Howard Street Tunnel in Baltimore after a long-awaited ...
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