UPDATE 6-CSX sticks with plan to cut jobs, reduce trains [Reuters]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: Reuters
CSX sticks with plan to cut jobs, reduce trains | Reuters 3 Min Read (Reuters) - U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and will also slash capital spending. Harrison, an investor favorite for leading turnarounds of Canada’s two major railroads, died just eight months into a dramatic restructuring campaign that included slashing jobs, shutting multiple rail yards, mothballing locomotives and rail cars and running fewer - but longer - trains on strict schedules rather than based on customer needs. “We are picking up right where Hunter left off, and we are going to deliver, just as he envisioned,” Jim Foote, who was appointed to succeed Harrison in December, told Reuters in an interview after outlining details of CSX’s three-year plan at an investor meeting in New York. CSX shares, which ended the trading day up about 1 percent
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CSX
News
- CSX Q1 Earnings & Revenues Surpass Estimates, Down Y/Y [Yahoo! Finance]Yahoo! Finance
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at UBS Group AG from $46.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at Royal Bank of Canada from $37.00 to $36.00. They now have a "sector perform" rating on the stock.MarketBeat
- CSX Corporation Stock Chugs Along, Great For Trading, Sideways Investment The Last Few Years [Seeking Alpha]Seeking Alpha
- CSX Co. (NASDAQ: CSX) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.MarketBeat
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 4/18/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- CSX's page on the SEC website