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Stock Market & Financial Investment News

News Breaks
March 26, 2014
11:51 EDTCSXCSX urges STB to reject flawed switching scheme
CSX Transportation opposes a proposal before the Surface Transportation Board that would create unpredictable traffic flows, reduce high levels of customer service achieved over the past few years, and diminish the company's incentive to keep investing at record levels in critically needed transportation infrastructure. "Our work is focused on achieving high levels of service reliability and predictability, which are critical elements in meeting our customers' needs," said Cressie Brown, CSX's vice president-service design, in prepared testimony before the STB. A proposal from the National Industrial Transportation League "would undermine much of what we have accomplished in the areas of reliability, efficiency and customer service." Brown pointed to information and data gleaned from CSX's Customer Advisory Councils and periodic surveys in which customers acknowledged improvements, but said they needed even more reliability to grow their own businesses. New or expanded businesses create job growth and economic development, and rail transportation's fuel efficiency offers significant environmental benefits.
News For CSX From The Last 14 Days
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November 26, 2014
14:05 EDTCSXRailroads prepare to avoid Chicago gridlock, Bloomberg says
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November 21, 2014
09:04 EDTCSXCSX backs view for Q4 EPS growth at similar level to Q3
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07:54 EDTCSXCSX likely to deliver earnings growth above expectations, says UBS
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November 19, 2014
10:33 EDTCSXCSX management to meet with UBS
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November 18, 2014
07:25 EDTCSXCSX management to meet with UBS
Meetings to be held in Los Angeles/Pasadena on November 18 hosted by UBS.
November 17, 2014
16:38 EDTCSXAmtrak files complaint against CSX, Norfolk Southern, RailwayAge says
According to RailwayAge, Amtrak has filed a complaint with the U.S. Surface Transportation Board against Norfolk Southern (NSC) and CSX (CSX). Amtrak filed the complaint over substandard on-time performance of the Washington D.C.-Chicago Capitol Limited, which operates over right-of-way owned by Norfolk Southern and CSX, added RailwayAge. Reference Link

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