Railroads were the tech trade of the mid-19th century, and while they’ll never regain that stature, they’re suddenly interesting again. A sudden urge to merge will do that to a sector that includes ...
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 ...
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 (NYSE: CSX) reported its Q4 results last week, with revenues and earnings slightly above the street estimates. However, we believe that CSX CSX stock is appropriately priced, as discussed below.
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 ...
CSX (NYSE: CSX) reported its Q3 results last week, with revenues falling below and earnings meeting the street estimates. However, we believe that CSX CSX stock has ample room for growth, as discussed ...