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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.
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 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).
Michael Ward served as chairman and chief executive officer of CSX Corporation for fourteen years. CSX is one of the nation's premier transportation and logistics companies. Over his 40-year career, Mr. Ward headed CSX's operations, coal sales and marketing, and finance departments. [4]
In 2008 the US railroad company CSX won a court case against the Children's Investment Fund and 3G Capital Partners, another hedge fund, after the funds announced that they had acquired about 20% of CSX's stock. [9] TCI succeeded in electing four of its five directors to the CSX board, but CSX shares declined by about 50 percent after the meeting.
CSX Transportation owns and operates a vast network of rail lines in the United States east of the Mississippi River.In addition to the major systems which merged to form CSX – the Baltimore and Ohio Railroad, Chesapeake and Ohio Railway, Louisville and Nashville Railroad, Atlantic Coast Line Railroad and Seaboard Air Line Railroad – it also owns major lines in the Northeastern United ...
The Cumberland Valley Subdivision (CV Subdivision) is a railroad line owned and operated by the CSX Railroad (CSX Transportation) in the U.S. states of Kentucky and Virginia. The line runs from Corbin, Kentucky , east to Big Stone Gap, Virginia , [ 3 ] along a former Louisville and Nashville Railroad line.
CSX Transportation is a United States railroad company. CSX may also refer to: CSX Corporation, the above railroad system's parent company; IATA code for Changsha Huanghua International Airport; Cambodia Securities Exchange; Shelby CSX, a limited-production performance automobile based on the Dodge Shadow