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CSX stock fell as much as 6.5% after Berkshire Hathaway’s Buffett denied rumors of potential railroad acquisitions, ending ...
Activist investor Ancora Holdings, which recently announced it had taken an increased stake in CSX, is increasing pressure on the railroad to pursue a merger. The hedge fund today released a letter it ...
According to a spokesperson from CSX, around 2:45 a.m. two trains came in contact with each other within the rail yard causing the derailment of four railcars and a locomotive.
CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 ...
CSX didn't immediately respond to the report's findings. After officials criticized CSX for lacking transparency in April, the railroad didn't respond when called for comment.
A CSX coal train derailed near Enfield, North Carolina, on Sunday, blocking the main route between Florida and the Northeast.
CSX said its trains were moving an average of 18.3 mph during the quarter, up from 17.5 mph a year earlier, and they spent less time sitting in railyards — only 9.6 hours on average.
However, investors should consider how a recession might impact its financial results. Warren Buffett's incredible track ...
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