CSX

CSX Corp. expects fourth-quarter earnings per share to be flat to slightly up, CSX Executive Vice President and Chief Financial Officer Frank Lonegro said.

Michael Rutherford has been appointed CSX’s vice president of industrial products. The appointment is effective immediately.

CSX Corp. today reported second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year. “CSX continued to drive strong customer service and network efficiency in a challenging market, which is expected to persist throughout this year,” said Michael J. Ward, chairman and chief executive officer. “In this environment, the company continues to right-size resources while making strategic investments to transform the company and capitalize on market opportunities to drive long-term value creation.” Revenue for the quarter declined 12 percent, driven primarily by an overall

For the fourth consecutive year, CSX has been named one of IDG Computerworld’s Best Places to Work in IT, ranking number 41 among large organizations.