CSX recently named TRAC Intermodal, the U.S.’s largest intermodal chassis pool manager and equipment supplier of domestic and international transportation companies, as a key supplier in the category of Customer Service Excellence & Partnership, for 2016.
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous reports, Harrison will attempt to take control of CSX, which in 2014 had rebuffed a merger attempt by CP.
On Jan. 17, CSX Corporation announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of last year.
Road & Rail Services, Inc. was recently awarded the Terminal Excellence Award for the month of September 2016 by CSX’s subsidiary, TDSI.
CSX Corporation Executive Vice President and Chief Operating Officer Cindy Sanborn updated investors and analysts on Nov. 9 at Baird’s 2016 Industrial Conference in Chicago regarding the company’s expectations for fourth quarter and full-year performance as well as progress on the company’s long-term strategy:
CSX Executive Vice President and Chief Sales & Marketing Officer Fredrik Eliasson announced November 8 the promotion of Michael Rutherford to Vice President-Industrial Products, effective immediately.
CSX updated its restoration efforts post-Hurricance Matthew. Normal train operations have resumed to Savannah, Ga., Charleston, S.C. and Portsmouth, Va. The main line from Hamlet, N.C. to Charleston was next to resume.
Citing “macroeconomic and energy headwinds impacting most markets,” CSX posted third-quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in the same period last year, and a 69.0% operating ratio, year-over-year 70 basis points increase.
After Hurricane Katrina, CSX decentralized its dispatching operations to the individual divisions. Now for Hurricane Matthew, the company, headquartered in Jacksonville, Fla., watches closely whether the storm makes an unprecedented curve back to Florida.
On October 5, the Board of Directors of CSX Corporation approved its quarterly dividend on the company’s common stock.