A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad鈥檚 massive operations overhaul might have compromised safety and contributed to a rise in accidents.
February 5, 2018CSX Corp. News Updates
Railroad
Amtrak Crash Adds to CSX鈥檚 Rising Accident Toll
CSX Revenue Down, Earnings Up
CSX鈥檚 net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016.
January 17, 2018Death of CSX鈥檚 Hunter Harrison Prompts Questions about Health Disclosures
Former CSX Corp.CEO Hunter Harrison died less than one year into his four-year contract. Now questions are starting to arise about whether it was wise for the railroad to invest $84 million in the tycoon despite obvious health concerns.
December 27, 2017CSX Takes 鈥業nterim鈥 Tag off CEO Jim Foote
Only two months after being hired, Jim Foote is now the top executive at CSX Corp. after the unexpected death of CEO Hunter Harrison on Dec. 16.
December 27, 2017CSX Stock Stabilizes Days After Death of CEO
CSX鈥檚 stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.
December 19, 2017CSX Caught Mid-Revolution by Death of Rail-Legend Harrison
With CEO Hunter Harrison鈥檚 death on Dec. 16, CSX Corp. lost the guiding hand of a railroading legend who added almost $17 billion in value in less than a year.
December 18, 2017Hunter Harrison, CEO at CSX, Dies at 73
Hunter Harrison, the successful railroad-turnaround specialist whose career spanned more than 50 years, has passed away just two days after CSX Corp. announced the CEO would take a medical leave of absence.
December 16, 2017CSX CEO Hunter Harrison Takes Medical Leave
Hunter Harrison has taken a medical leave from his position as CEO and president of CSX, the company announced Dec. 14. The railroad gave no details other than saying the leave was due to 鈥渦nexpected complications from a recent illness.鈥
December 15, 2017Harrison Talks CSX Succession Plan as Shippers Brace for New Fees, Tighter Rules in 2018
CSX Corp. CEO Hunter Harrison told a conference that he鈥檚 鈥渢rying to stay back a little bit,鈥 prompting questions about how much he鈥檚 involved in the day-to-day operations at the U.S. railroad and how soon a transition in leadership might occur.
November 30, 2017Teamsters Hold Public Picket Against CSX Future Health Benefits
A division of the Teamsters union held what it called an informational picket Oct. 30 against Jacksonville-based CSX Corp., saying the company is planning to 鈥渄rastically reduce our health insurance benefits.鈥
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