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...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...Asked by an analyst about the disruptions that have confronted railroad operator CSX in recent weeks, from Delta surges to hurricanes to supply chain dislocations, James Foote, its chief executive, replied...
...Canadian Pacific tried to acquire eastern US railroads CSX and Norfolk Southern in recent years but both attempts were blocked partly over concerns that the deals would not win regulatory approval....
...At CSX, quarterly revenue fell by 11 per cent in its intermodal business, which carries shipping containers by rail. It blamed most of the decline on planned closures of routes used for the service....
...“There is a real opportunity for the EU to take a lead on developing a door-to-door intermodal transport system,” says Mr García....
...In the second quarter of 2011, CSX coal revenue totalled nearly $1bn. CSX’s rise in coal volumes derived from 8.2m tonnes of exports....
...teams,” Edward Kelly presiding director at CSX, said....
...Mr Harrison explored a merger between CP and CSX in 2014. “I am proud to join the dedicated and talented railroaders at CSX,” Mr Harrison said on Monday....
...ELLEN FITZSIMMONS Executive vice-president, general counsel and corporate secretaryCSX Corporation CSX was faced with more than 5,000 pending claims regarding incidents across the transportation company...
...Mr Harrison teamed up with activist investor Mantle Ridge to take the top job at CSX....
...“Like Melville’s great white whale, CSX is not a weak fish,” Mr Hatch said....
...CSX shares, which have climbed 16 per cent so far this year, rose 2.6 per cent in extended trading....
...Shares in CSX, which operates the largest railway network east of the Mississippi, surged 23.4 per cent to $45.51 after a report said that Mr Harrison was teaming up with activist investor Paul Hilal to...
...Ellen Fitzsimmons EVP, corporate secretary and general counselCSX Ellen Fitzsimmons has led a new and highly successful litigation and community engagement strategy for the transportation company CSX....
...Also set to release earnings this week include CSX Corp on Wednesday, Delta Air Lines on Thursday and a host of banks on Friday, including JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc....
...The railway sector has already taken its lumps, although stocks such as CSX and Union Pacific have recovered somewhat since the beginning of the year....
...A spokesman for CSX told the FT the company would not comment on merger speculation....
...Earnings US earnings season has arrived, with aluminium group Alcoa Inc set to release its third-quarter results before US markets open Tuesday....
...Both NS and CSX have insisted that the Surface Transportation Board, the industry regulator, was so unlikely to approve a merger that it was not worth considering....
...CSX also rose after its posted first-quarter profits that matched Wall Street’s expectations. The railway operator said its earnings declined 19.5 per cent on a year-on-year basis to $356m....
...In October last year, Canadian Pacific, one of Canada’s two main railroads, approached CSX, one of the two big railroads in the eastern US, about a potential merger. Talks quickly broke down....
...In the year to date CSX shares are down 14 per cent, while Union Pacific has dropped 5.6 per cent....
...Intermodal volume was down 5 per cent to $1.09bn, despite a 2 per cent increase in volumes....
...The last merger between Class I railroads was completed in 1999, when NS and CSX together bought Conrail and split its assets between them....
...Revenue from intermodal traffic — shipping containers and truck trailers — fell 13 per cent to $563m. Overall revenues fell 12 per cent to $2.52bn....
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