UBS Cuts Price Target on CSX Corp. (CSX) as Weak Markets Drive Ongoing Pressure
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CSX Corporation Announces Fourth-Quarter and Full-Year Earnings Results
January 12, 2016 4:02 PM ESTHighlights:Â Â Â Â Â Â Â
Solid fourth quarter and full-year financial performance, including the companys first sub-70 full-year operating ratio, despite challenging market conditions Continued focus on pricing, efficiency and resource alignment helped offset market conditions in 2015 Impact of continued low commodity prices, strong U.S. dollar and energy market transition is expected to further challenge 2016 performance             JACKSONVILLE, Fla., Jan. 12, 2016 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced fourth quarter net earnings of $466 million, a 5 percent decline from $491 million in the same period of 2014, or $0.48 per share, down 2 percent from... More
CSX Names New Sales & Marketing Leaders
January 11, 2016 4:08 PM ESTJACKSONVILLE, Fla., Jan. 11, 2016 (GLOBE NEWSWIRE) -- CSX (Nasdaq: CSX) today appointed key leaders in the Sales and Marketing organization as the company continues to focus on enhancing customer relationships and encouraging profitable growth. Dean M. Piacente has been named vice president-intermodal; Clark Robertson, vice president-chemicals; and Tim McNulty, vice president-agriculture; all reporting to Fredrik J. Eliasson, executive vice president and chief sales and marketing officer.
Bill Clement, who previously headed intermodal, has left the company and is pursuing other interests.
We thank Bill Clement for his tremendous service that included helping the... More
