Railroad
Expectations High as Harrison Assumes Leadership of CSX
CSX Corp. appointed E. Hunter Harrison to its CEO post and, based on his success at other railroads, analysts predict he will turn the sprawling, underperforming, historic Class I railroad into one that is faster and more punctual, with better service and higher rates.
March 13, 2017500 Employees Lose Jobs in Jacksonville, Fla. as Part of CSX Layoffs
CSX has finished the layoffs it announced more than two weeks ago. The final numbers: 800 employees lost their jobs, including 500 in Jacksonville, Fla..
March 10, 2017Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So
Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that?
March 6, 2017CSX Is Said Near Deal to Name Harrison CEO
CSX Corp. may install Hunter Harrison as chief executive officer as early as the week of March 6 as the railroad and an activist shareholder move closer to ending an impasse over Harrison’s pay package, people familiar with the matter said.
March 3, 2017Railroad Executive Hunter Harrison has Reputation for Success and Record of Cost-Cutting
A month ago, few people in Jacksonville, Florida, probably ever heard of Hunter Harrison. But the 72-year-old Tennessee native has been almost a legend in the railroad world where he’s spent more than 50 years.
February 27, 2017CSX Shakeup: CEO to Retire, 1,000 Managers to Be Laid Off
CSX Corp. CEO Michael Ward and President Clarence Gooden will retire May 31, and the company will lay off 1,000 managers by the end of March as it decides whether to hire former Canadian Pacific Railway CEO E. Hunter Harrison to take the reins at the Class I railroad.
February 27, 2017CEO of CSX to Retire as Hunter Harrison Negotiations Continue
The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX’s top executive. The company also announced 1,000 layoffs.
February 21, 2017CSX Seen Restarting CEO Talks After Activist Softens His Demands
CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.
February 17, 2017CSX Shareholders Seen Likely to Make Harrison a $300 Million Man
CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison’s demand for a $300 million pay package that the railroad derided as “exceptionally unusual,” according to analysts.
February 17, 2017Container Rail Service to Port of Wilmington Could Start in March
The "Queen City Express," delivering freight directly from the Port of Wilmington to a transportation hub in Charlotte, could begin in early March, officials said.
February 3, 2017