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CSX Corporation is an American holding company ... agreed in 1997 to acquire the system and split it into two ... a hedge fund that held 4.9% of CSX's stock, ...
The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts (alongside three residual shared-assets areas), returning rail freight competition to the Northeast by essentially undoing the 1968 merger of the Pennsylvania ...
CSX initially saw a 10% drop in its stock price, but turned around to hit a new 52-week high less than a month later (January 2018). [28] Harrison's successors have continued the shift to precision railroading, with most hump yards converted to flat yards, low volume shipping lanes eliminated and reductions in rolling stock and work force.
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
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Conrail Shared Assets Operations (CSAO) is the commonly used name for modern-day Conrail (reporting mark CRCX), an American railroad company. It operates three networks, the North Jersey, South Jersey/Philadelphia, and Detroit Shared Assets Areas, [1] where it serves as a contract local carrier and switching company for its owners, CSX Transportation and the Norfolk Southern Railway.
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