CSX extends deadline for board nominations again
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as the next CEO appear to have hit an impasse. Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl weighs in:
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter Harrison.
Road & Rail Services, Inc., a Louisville, Kentucky-based provider of rail-related services in North America, recently earned the 2016 Core Values Award, “It Starts with the Customer” from CSX subsidiary TDSI (Total Distribution Services Inc.) for service excellence at its Talladega, Ala., automotive facility.
The Port of Virginia set a record for monthly volume, 228,516 TEUs in January, an increase of 18.5% from the same month the previous year, and up 8% year-to-date.
CSX Corp. on Friday announced that it was extending the deadline for board nominations to Feb. 24, giving an activist hedge fund more time to try and install Hunter Harrison as CEO.
A private operator is being sought for the New Orleans Public Belt Railroad, which operates more than 100 miles of track connecting to six major railroads in the Crescent City.
Virginia is seeking a consultant to manage the rail portion of its $1.4 billion Atlantic Gateway multimodal project connecting Washington and Fredericksburg, Va.
Keith Creel has assumed his new role as President and Chief Executive Officer of Canadian Pacific, becoming the 17th person to lead the railroad since its founding in 1881.