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In 2017, CSX cut its workforce by 3,300 employees. In 2018, roughly 2,200 jobs were cut. A further reduction of 4,000 positions is planned by 2020. CSX estimates that after these cuts it will have a workforce of about 21,000 people. CSX is also trying to increase profits by monetizing some of its real estate.
CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Today we're going to take a look at the well-established CSX Corporation ( NASDAQ:CSX ). The company's stock received a...
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 ...
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).
The total number of shipments CSX delivered slipped 3% in the quarter as it handled 10% fewer intermodal shipping containers. ... but right now we see the volume as supportive of the employment ...
Following approval by the Surface Transportation Board, CSX and NS took control in August 1998, and on June 1, 1999, began operating their respective portions of Conrail. The old company remains a jointly-owned subsidiary, with CSX and NS owning respectively 42% and 58% of its stock, corresponding to how much of Conrail's assets they acquired.
CSX Corporation (NASDAQ:CSX) outperformed the Railroads industry on the basis of its ROE – producing a higher 40.33% relative to the peer average of 12.64% over the past 12 months.Read More...
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