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updated Wed. October 16, 2019

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CSX Corporation (NASDAQ:CSX) surprised investors with extremely healthy results on its release of first-quarter 2018 earnings Tuesday after the markets closed. While lower volumes compressed the company's top line, leading to essentially flat revenue of $2.9 billion, net income soared 92%, to $695 ...
The short-term reactions in stocks to earnings reports are arbitrary. We never really know what investors want to hear or what the company will deliver. Last night, CSX Corporation (NASDAQ:CSX) told a great story and today investors are rewarding the stock. They crushed estimates on financial metrics and ...

“We continue to communicate with CSX as it refines its long-term plans," an N.C. Department of Transportation spokesman said in an email. "At this time, we do not have any new information. Eastern North Carolina – and this site specifically – have a great deal to offer. We will continue to work hard to ...
CSX Corp. continues taking steps that could transform its nearly 300-acre Tilford Yard into the latest planned mixed-use redevelopment along Atlanta's northwestern edge. CSX selected Colliers International – Atlanta as its real estate adviser for the future of Tilford Yard, which stretches just west of Marietta ...
CSX (CSX), which is a leading supplier of rail-based freight transportation in North America, was one of the S&P 500's top gainers on April 18. After regaining strength last week, CSX started this week on a stronger note and gained in the first three trading days. On April 18, CSX opened the day higher and ...
The railroad company CSX (CSX) easily beat on earnings and profit for its first quarter. CEO Jim Foote adopted stringent cost cutting measures that were implemented by his predecessor, Hunter Harrison who died eight months into his tenure at CEO. Looking ahead, CSX says it plans to bring its operating ...

The CSX railroad lost its bid to dismiss a lawsuit filed by a fired female locomotive engineer who alleges gender and disability discrimination. The complaint also contends CSX more severely disciplined its female workers than male workers, among other allegations. The suit was brought by Linnie Lou ...
Jim Cramer on IBM, CSX, United Airlines and Morgan Stanley. TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Wednesday's trending topics. Scott Gamm · and Jim Cramer. Apr 18, 2018 3:18 PM EDT. TheStreet's founder and Action Alerts PLUS Portfolio Manager ...
31, an Amtrak train was stopped in South Carolina after an automatic detection device identified an overheated wheel, a problem that could cause derailment. CSX dispatchers ordered the train to stay put and sent CSX mechanics to inspect the vehicle, according to emails obtained by the Business Journal.
LAKELAND — The downtown Lakeland CSX rail crossing at Kentucky Avenue will be closed for two days starting at 8 a.m. Monday. The rail crossing is expected to reopen ... around the impacted rail crossing. Please contact CSX for addition information or questions regarding the project at 800-232-0144.
My research has mostly focused on finding the best way to profit from cyclical stocks near the bottom of the economic cycle. With the dramatic rise in prices of many stocks, I have been writing a series of articles examining how far these stocks could fall if there is a downturn. CSX stock has shown in the past ...
By one metric, CSX Corp. is doing well: Despite the market being more volatile recently, the Jacksonville-based railroad's stock price is still hitting near the same highs it has for the past year, since its board decided to bring on E. Hunter Harrison and implement his precision railroading model. $59.25 a ...
CSX railroad customers would likely bear the burden of an increased steel tariff, said Chief Executive Officer and President Jim Foote. "We would absorb the initial costs," Foote told CNBC during "Closing Bell" on Thursday. "But over time that cost, like everything, gets passed on." Earlier Thursday ...
CSX has been building a third set of tracks from the Arkendale station north to Powells Creek, just north of Potomac Shores, to serve alongside existing ... Potomac Shores has been working with VRE, CSX, the Commonwealth of Virginia, Prince William County and the U.S. Department of Transportation to ...
“CSX has coordinated closely with Amtrak and DRPT to schedule this work, and the safety of crews and passengers is our highest priority,” CSX said. “We appreciate everyone's patience while CSX completes this important project, which will improve the fluidity of passenger trains in and around Richmond ...
A federal regulator is requesting action by all Class I railroads to address industry-wide service complaints, but it singled out CSX Corp. (Nasdaq: CSX) for "marked improvement" in service. The Surface Transportation Board sent a letter to all Class I railroads Mar. 16 requesting each carrier's plan to ...
There are three different CSX train overpasses in the Jefferson County area that have people concerned. In all 3 cases, they say concrete has been falling from the bridges, raising safety concerns. Phillip Lamontagne spends a lot of time at his nephews auto collision shop right next to the CSX bridge on ...

The plan chosen by CSX Railroad to fix a culvert underneath its tracks near the train crossing on Poplar Street in Highland. This was designed by Oates Associates, Inc. an engineering firm the city hired to assess the city's flood risk as compared with the current assessment from the Federal Emergency ...
TONAWANDA, N.Y. (WIVB) – Town of Tonawanda Police have issued a formal complaint against railroad company CSX. It's their response to what they call a “significant inconvenience” when a train blocked traffic for hours earlier this month. On February 9th, a CSX train was stopped at a railroad crossing ...
So, kudos to Mayor Tom Broderick for meeting recently with CSX Transportation officials to point out the problem and seek a solution. The city and CSX reached an agreement, which took effect Monday and should curtail the number of trains stopped at traffic crossings, particularly during morning drive time.
There was nothing mechanically wrong with a CSX train that stopped in the middle of a Town of Tonawanda street earlier this month and blocked traffic for more than two hours. The crew just got up and left the train sprawled across Woodward Avenue the morning of Feb. 9 because their shift was over, ...
The employees visited one or more doctors and submitted paperwork to CSX. However, CSX ordered disciplinary hearing and submitted health information to the Railroad Retirement Board alleging that they had sought treatment for "highly suspicious" injuries and the physicians kept patients off work ...
(WSAZ) -- 46 former CSX employees have filed a lawsuit against the company, alleging wrongful termination among other issues. According to the lawsuit filed Friday, CSX fired employees as retaliation for using their health insurance, exposed their medical records, would not let them take medical leaves ...
HUNTINGTON - Forty-six former railroad workers are suing CSX for alleged wrongful termination, according to court documents filed Friday at the U.S. District ... In addition, they accuse CSX of violating the Employee Retirement Income Security Act, the Rehabilitation Act of 1973, the West Virginia Human ...
CSX closings create some issues .... Since last week, several crossings throughout the Winter Haven area have been closed for CSX repairs. ... Skelton said typically, CSX or a contractor does the upgrades and the county bears the responsibility for what takes place on county roads and is able to relay ...
"The installation of the life-saving positive train control technology on the CSX tracks is not the cause of the Cayce, South Carolina train collision," said NTSB Chairman Robert Sumwalt in a press release. "While the collision remains under investigation, we know that signal suspensions are an unusual ...
Rail labor is concerned about what is occurring on CSX in the wake of a hedge fund taking control early in 2017. We have seen 4,000 loyal workers dismissed while the company brags of diverting $5 billion in profits and tax-reform savings to buybacks of stock and an increase in the dividend—all intended ...
Beyond CSX's specific activities in the hours before the accident, the company's safety record has deteriorated in recent years, according to a standard metric provided by the Federal Railroad Administration. Since 2013, CSX's rate of major accidents per million miles traveled has jumped by more than half, ...
CSX upgrades to close multiple roads .... BARTOW — CSX Transportation is upgrading 16 rail crossings over the next three weeks in the Winter Haven area. Starting Monday, the Eagle Lake Loop Road and Pollard Road ... in the coming weeks. For more information, contact CSX at 800-232-0144.
TOWN OF TONAWANDA, N.Y. (WKBW) - UPDATE: CSX Railway notified Town of Tonawanda Police that due to federal laws the crew operating the train reached it's maximum allowable working hours. As a result, the crew shut down and vacated the train. Another crew came in and cleared the train shortly ...
No serious injuries were reported after a CSX train struck a tractor-trailer Friday morning at the Point of Rocks station. The crash was reported at around 9 a.m., according to CSX spokeswoman Katie Chimelewski. The driver of the tractor-trailer was treated for minor injuries. Emergency medical personnel ...
The passenger, James Daymon of Florida, is seeking more than $75,000 in damages from CSX for “suffering permanent and long-lasting injuries.” The lawsuit, filed in Circuit Court in Lexington County, alleges the crash was caused by “gross negligence” and “reckless disregard” of safety standards by CSX.
CSX Corporation (CSX) is an interesting player in the Services space, with a focus on Railroads. The stock has been active on the tape, currently trading at $52.97, down from yesterday's close by -1.58%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent ...
The widow of the Amtrak train conductor has filed suit against Amtrak and CSX in the wake of Sunday's fatal train crash in Cayce. Christine Cella, widow of Amtrak conductor Michael Cella, has sued CSX Transportation Inc. and Amtrak for negligence in a suit filed Thursday in Duval County Circuit Court in ...
USA 'I'm excited about the progress we are making and am confident we have the right team in place to achieve our goal of becoming the best railroad in North America', said CSX Transportation President & Chief Executive Officer James M Foote, briefing investors on the company's 2017 results.
Trains and tracks in North Carolina will eventually be equipped with a system that could have prevented the fatal Amtrak crash in South Carolina early Sunday, but it will take a year or more for it to be operational. Amtrak and the two railroads that operate the mainline routes in North Carolina – CSX and ...
In documents filed Wednesday, James Daymon filed a personal injury lawsuit against CSX Transportation for the collision that killed two Amtrak employees in Lexington County. Daymon blames CSX, the owner and operator of the rail lines, for the "improperly padlocked" rail switch which "erroneously ...
Hillsborough County Commissioner Pat Kemp plans to meet with CSX Florida Government Relations and Community Affairs head Bob O'Malley on Feb. 12 to discuss options for passenger rail along the private company's routes. Kemp has two hours blocked off from 10 a.m. until noon to meet with O'Malley ...
CSX Corp. (Nasdaq: CSX) brought in $11.4 billion in revenue last year primarily from merchandise, coal and intermodal business lines, the railroad's annual report shows. Revenue increased $339 million year-over-year, an increase of 3 percent, while expenses increased $61 million, a 1 percent increase.
Crew members of an ill-fated Amtrak train applied the brakes after noticing a problem on the tracks ahead but didn't have enough time to avoid a collision with another train, federal investigators say. That crash killed two Amtrak crew members and injured more than 100 passengers near Cayce early ...
The railway said in a statement which reads: “CSX invests heavily in infrastructure maintenance and upgrades to ensure the safe, reliable movement of trains, and the safety of our employees and the communities in which we operate. CSX has been working closely with Clay County officials to schedule ...
A locked switch is being blamed for the collision between an Amtrak passenger train and a freight train that killed two people and injured more than 100 others in South Carolina early on Sunday. The head of the National Transportation Safety Board said a switch on the tracks, which the freight hauler CSX ...
Hunter Harrison reigned at CSX for only eight months before he died, in late December. His astounding legacy: Implanting a new paradigm for railroading in a new market, the U.S. And against all odds, his lifelong creation has taken root. On January 18th of last year, almost exactly a year ago, the railroad ...
TARBORO — The town of Tarboro wants CSX to take care of an ongoing road issue to prevent any future accidents from happening. Town staff is preparing a letter to CSX, urging the railroad company to fix a drainage problem on Anaconda Road, Town Manager Troy Lewis said. The town council ordered ...
One of the surveys I used in my previous CSX article (link in first line of this article) can be seen below. It shows leading sentiment in the shipments industry. What we see is that sentiment remains at record levels which means that the overall bull case for transportation stocks is strong. It just depends on the ...
CSX Corporation (CSX) is an interesting player in the Services space, with a focus on Railroads. The stock has been active on the tape, currently trading at $57.69, down from yesterday's close by -0.76%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent ...
The new management team at CSX Inc. released improved financial results for the fourth quarter of 2017 and promised to carry out former CEO Hunter Harrison's vision of a new, more efficient and more profitable railroad. Harrison died Dec. 16, less than a year after being named CEO of CSX, based in ...
Analyst Fadi Chamoun commented, "CSX's Q4/17 results were modestly ahead of our expectations on EBIT and EPS. We sense that CSX started 2018 with significant momentum on the operating improvement side, which, when combined with lower taxes and lower capex, should support 35% EPS growth, ...
CSX Corporation (NASDAQ:CSX) has just reported earnings and it was a strong quarter for the railroad company. This type of report supports our long-term call that was made when we first got behind the name back in April of 2015. Over two years later and the call has finally paid off with the stock now at ...
Stocks were higher on Wednesday morning, following Tuesday's wild ride as a few more earnings reports rolled in. Morning Movers: Juno Soars; Goldman Sachs, CSX Slide. Illustration: Getty Images. S&P 500 futures are up 0.4%. Dow Jones Industrial Average futures are up 0.5%. Nasdaq futures are up ...


 

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