CSX railroad's CEO signaled he would be open to merger conversations if a deal would boost shareholder value and help the business grow. As merger rumors swirl in the industry, the Jacksonville, ...
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed ...
Union Pacific and Norfolk Southern confirmed Thursday that they are engaging in “advanced discussions” about a possible merger in a move that could potentially reshape the competitive dynamics of the ...
Investors looked past a 22% drop in CSX’s third-quarter earnings Oct. 16 and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...
The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX ...
CSX may be at a crossroads in the wake of the merger announcement of two of its Class I railroad rivals. “[CSX] has to make a decision of whether it wants to find a merger partner or whether it’s ...
CSX (NASDAQ: CSX) faces a difficult strategic situation after Warren Buffett explicitly ruled out any acquisition interest. CSX stock fell as much as 6.5% after Berkshire Hathaway’s Buffett denied ...
[Stay on top of transportation news: Get TTNews in your inbox.] Activist investor Ancora Holdings Group is a “growing shareholder” in rail operator CSX Corp., at a time when the industry is bracing ...
CSX (NASDAQ:CSX) stock experienced a 5% increase in after-market hours on July 16, following a Semafor report indicating that Union Pacific (NYSE: UNP) is considering the acquisition of an East Coast ...
At CSX, Blue Ridge Subdivision recovery work advances, Board Member Gen. Thomas Bostick earns the Gold de Fleury Medal, and Signal Manager Clint Russell takes swift action to stop a train facing a ...
CSX may be at a crossroads in the wake of the merger announcement of two of its Class I railroad rivals. Activist investor Ancora Holdings, which launched a proxy fight against Norfolk Southern that ...