|Bid||48.717 x 40000|
|Ask||48.917 x 40000|
|Day's Range||48.798 - 48.798|
|52 Week Range||33.823 - 48.798|
|PE Ratio (TTM)||25.14|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A CSX Corp freight train carrying hazardous molten sulfur derailed in central Florida on Monday, prompting authorities to tell residents to stay indoors for several hours, company officials said. The train was traveling to Winston, Florida, from Waycross, Georgia, when nine carriages, including four with molten sulfur, went off the track at around 2 a.m. EST in Lakeland, Florida, nearly 60 miles south of Orlando, said CSX spokesman Rob Doolittle. CSX officials said in the statement that several of the derailed cars were reported to be leaking molten sulfur, which is used in making rubber, detergent and fertilizers.
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.
CSX executives this week will be facing shippers who were criticizing the railroad recently for widespread congestion and disruptions as CSX’s new CEO put his operational strategy in place.
U.S. rail stocks may be losing their steam. On Monday, Morgan Stanley analyst Ravi Shanker downgraded CSX Corporation (NASDAQ: CSX ) and Union Pacific Corporation (NYSE: UNP ) and said investors should ...
CSX Corporation (NASDAQ:CSX) outperformed the Railroads industry on the basis of its ROE – producing a higher 15.37% relative to the peer average of 10.70% over the past 12 months.Read More...
The No. 3 U.S. railroad has halted all automobile shipments to or through its yard in Lordstown, Ohio, where new vehicles are unloaded from trains and trucked to dealerships, to give workers time to clear a backlog of rail cars and relieve congestion, according to a CSX email seen by Reuters. CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8.
CSX Corp, the No. 3 U.S. railroad, said all shipments scheduled into the greater Miami, Florida area on Thursday through the weekend will experience delays due to Hurricane Irma. CSX also said intermodal ...
Service foul-ups at the railroad operator may be temporary, but show the side effects of CEO Hunter Harrison's efficiency push.
Need that Labor Day breather? So did CSX Corporation (NASDAQ: CSX ). The railroad operator closed out August with a heavy backlog of shipments, disrupting supply chains from coal to food production and ...
CSX Corp (CSX.O) said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX CEO Hunter Harrison laid out the tenets of his "precision scheduled railroading" approach, which he said would improve service, cut costs and better use the railroad's assets.
A lot of optimism is baked into the railroad giant's stock price. But is it justified by the direction of its operational performance?
Look down before you look up at the solar eclipse. You may be standing on railroad tracks. Federal authorities report that a car or human gets hit by a train every three hours in the United States. Monday’s ...
CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition this week asked federal rail regulators to investigate CSX's "chronic service failures." It called on Congress to make it easier for shippers to file complaints and allow other railroads to use CSX track during disruptions.
Dozens of U.S. trade groups have asked federal rail regulators to investigate CSX Corp's "chronic service failures," saying problems at No. 3 U.S. railroad have rippled across the North American rail network, according to a letter seen by Reuters. The letter, from the Rail Customer Coalition sent on Monday, is the latest challenge to CSX Chief Executive Hunter Harrison's effort to ramp up productivity at the Jacksonville, Florida-based railroad and fulfill investor expectations for substantially better financial performance.