Search results
Results from the WOW.Com Content Network
At first glance, the dividend yield of CSX (NYSE:CSX) is miserable at just 1.24%. However, when you consider the capital appreciation that has come along with the dividend income paid out over the ...
CSX Corporation is an American holding company focused on rail transportation and real estate in North America, among other industries. The company was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger.
Shares of CSX Corp. were up about 2% in after-hours trading following the release of the earnings report. Also Wednesday, CSX announced that Hinrichs’ predecessor as CEO, Jim Foote, had died.
CSX began operating its trains on its portion of the Conrail network on June 1, 1999. CSX now serves much of the Eastern United States, with a few routes into nearby Canadian cities. The two competitors were unwilling to give one company full control of busy industrial areas in Detroit, Philadelphia, and northern New Jersey (the Chemical Coast).
CSX's fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The volume of shipments the railroad delivered rose 1% even with all ...
After getting his MBA from Harvard at his father's suggestion, he started working at Chessie System, which would later become CSX. [5] He became President of CSX Transportation in 2000, then of CSX Corporation in 2002, then Chairman and CEO in 2003. In 2009, he was named Railway Age's Railroader of the Year.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board, [4] [5] which approved the sale on April 14, 2022. [6] At midnight on June 1, 2022, CSX Corp began operating Pan Am Railways as a subsidiary of CSX Transportation; Pan Am Systems ceased operations.