53.63 -0.05 (-0.09%)
After hours: 5:17PM EDT
|Bid||51.21 x 100|
|Ask||54.00 x 300|
|Day's Range||53.60 - 54.98|
|52 Week Range||30.01 - 55.48|
|PE Ratio (TTM)||28.08|
|Forward Dividend & Yield||0.80 (1.51%)|
|1y Target Est||N/A|
In 3Q17, CSX (CSX) saw a 90-basis-point rise in its operating margin. The company’s margin expanded to 31.9% from 31% in the third quarter of 2016.
In this article, we’ll look at CSX’s Merchandise segment's revenue in the third quarter of 2017. The vertical’s revenue fell by $53.0 million or 3% to $1.68 billion in 3Q17 from $1.74 billion on a YoY ...
In this article, we’ll discuss CSX’s intermodal revenue in the third quarter of 2017. The company’s intermodal revenue rose 5% to $446.0 million in 3Q17 from $425.0 million 3Q16.
In this part of our series, we’ll analyze CSX’s (CSX) coal revenue in 3Q17. Coal’s share of the company’s overall 3Q17 revenue rose to 18.7% from 17.2% last year.
CSX matched Q3 earnings views early Tuesday though revenue narrowly missed, as shipping volumes in key industrial categories fell. Meanwhile, Canadian Pacific shares rose late after reporting quarterly results.
CSX Corp. Chief Executive Hunter Harrison said the railway expects to win back any market share lost during this summer and sought to reassure investors that service problems were resolved.
CSX Corp. reported third-quarter earnings that met expectations, but its revenue took a hit as the company suffered service delays while overhauling its operations. The freight railroad company acknowledged ...
CSX's results in the third quarter are hurt by lower merchandise revenues. Operating ratio in the quarter, however, improved. The company is looking to drive its bottom line by cutting costs.
CSX Corp.'s (CSX) net earnings fell $51 million or 10 percent from last quarter, the result of a quarter plagued by service disruptions , Hurricane Irma , an appearance before a federal regulatory agency and multiple derailments . President and CEO Hunter Harrison expressed his confidence in the new operational model he is implementing, the resiliency of the organization and the prospect of customers returning to CSX during the railroad's earnings call Tuesday morning. Expenses decreased $2 million from last year as the railroad implements Harrison's precision scheduled railroading, an efficiency-focused model.
CSX Corp. (CSX) will release its third quarter earnings Tuesday morning, followed immediately by its earnings call at 8:30 a.m. The company has had multiple derailments — most recently a nine-car derailment in Jacksonville Oct. 14 — and has endured numerous customer complaints about service disruptions. Add on an appearance before a federal regulatory agency and Hurricane Irma's assault on the CSX rail network , and it's clear that the railroad has had easier quarters.
Last week (ended October 7), CSX’s YoY railcar volume loss was 0.4%. CSX hauled ~68,000 railcars, compared with ~69,000 units in the same week last year.
High fuel costs, sluggish automotive revenues and recent service disruptions are likely to hurt CSX's third-quarter results. The company's high debt levels are another challenge.
The following are the top stories in the Wall Street Journal. - U.S. President Donald Trump is planning to sign an executive order Thursday to initiate the unwinding of the Affordable Care Act, paving the way for sweeping changes to health-insurance regulations that would allow an expansion of less-comprehensive health plans. - The Chinese government is pushing some of its biggest tech companies—including Tencent, Weibo and a unit of Alibaba—to give the state a stake in them and a direct role in corporate decisions.
CSX’s chief executive and shippers clashed over CSX service issues during a hearing called by the Surface Transportation Board amid complaints about widespread shipping delays over the summer.
Chief Executive Officer Hunter Harrison, who implemented cuts when he was appointed to the job in March, defended his strategy of "precision scheduled railroading" at a hearing at the U.S. Surface Transportation Board (STB) in Washington. The session marked the first public forum for shippers and trade groups to air grievances and give Harrison the chance to defend his strategy. The STB has been reviewing the railroad's performance weekly and acting as intermediary between CSX and disgruntled customers.
The head of No. 3 U.S. railroad CSX Corp promised on Wednesday to improve service as companies like Cargill Inc demanded greater accountability and fewer delays, criticizing an overhaul CSX launched six months ago. Customers have complained of longer transit times, unreliable switching operations, inefficient car routings and poor communications with CSX customer service. Chief Executive Officer Hunter Harrison, who implemented cuts when he was appointed to the job in March, defended his strategy of "precision scheduled railroading" at a hearing at the U.S. Surface Transportation Board (STB) in Washington.