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Shares of CSX Corp. edged down in premarket trading Friday as an analyst downgraded the railroad, saying its share price has moved too high.
The chief executive of CSX Corp., one of the nation's biggest railroads, on Wednesday reiterated his belief that the recession is likely over, but said that earnings will remain weak if consumer spending doesn't get back on board.
CSX Corp., the nation's third largest railroad, said Tuesday it believes the worst of the recession is over, but its third-quarter earnings fell 23 percent from a year ago because shipping demand is still weak.
Railroad operator CSX Corp. said Tuesday that demand might have reached its worst point, signaling possible but still far-off signs of an economic recovery.
Railroad operator CSX said Monday that second-quarter earnings fell 20 percent as it collected fewer fuel surcharges and shipments continued to drop.
Railroad operator CSX Corp. said Wednesday it predicts double-digit declines in shipping volume to continue through the second quarter, and expects to furlough more employees as a result.
CSX Corp. on Tuesday shined some light on the state of the nation's economy, as the railroad operator reported first-quarter profit down 30 percent from a year earlier.
The chairman, president and chief executive of railroad operator CSX Corp. received compensation of about $7.3 million last year, a 16 percent raise from a year earlier, according to an Associated Press analysis of data filed with regulators Tuesday.
Railroad operator CSX says it is rerouting some traffic due to damage to some of its tracks from Hurricane Gustav.
Railroad giant CSX said it has asked two nominees of activist hedge fund shareholders TCI and 3G Capital to join its board, but said it will await a vote review and court action before seating its two remaining members.
Railroad operator CSX Corp. said Tuesday its profit rose more than 5 percent in the fourth quarter, as expanding business and productivity increases offset sharply higher fuel costs.
Railroad operator CSX Corp. said Tuesday its third-quarter profit rose 24 percent as increased revenue per unit helped counter declines in freight volume.
A major CSX Corp. investor asked the railroad operator Tuesday to make changes to improve the company's performance, saying executives do "not fully understand the economics of the business."
Woman arrested for stealing railroad trash finally cleared A Dade City woman, arrested and convicted for stealing railroad property from CSX, has been cleared of any wrongdoing by an appeals court. Susan Townsend maintained she was picking up junk along the side of the road to clean the environment and to exercise.
Boy hit by train, survives: Eyewitness says it was a miracleA 10 year old boy was hit by a train but survived with no apparent injuries.
Pension Privateers Who Ran Away With Your 401(K)JOHN SNOW won't have to worry about his retirement. When he left the csx railroad to become George W. Bush's second treasury secretary, he took with him a $2.5 million annual pension.
Derailment dumps coal cars into D.C. river A CSX freight train derailed on a bridge over the Anacostia River on Friday, dumping 10 rail cars carrying coal into the chilly water.
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