CSX
CSX: Well-Positioned For Continued Profitable Growth As Long-Term Trends Favor Rail Transportation
As global freight demand increases and American highways remain overcrowded and underfunded, CSX is building on a proven track record of success for shareholders by capitalizing on growth opportunities across nearly all of its markets, Chief Financial Officer Fredrik Eliasson told investors and analysts today at the UBS Best of Americas conference in London. The company is leveraging the most diverse business mix in its history, supported by a rail network that connects Eastern ports to major consumption regions and reaches more than two-thirds of American consumers.
CSX CFO: Modest Earnings Growth in 2014 Creates Foundation for Double-Digit Earnings Growth Beginning in 2015
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik Eliasson, CSX Corp. executive vice president and chief financial officer, told investors and analysts at the Bank of America Merrill Lynch Global Transportation Conference in Boston.
CSX Urges STB to Reject Switching Plan
CSX Transportation is opposing a proposal before the Surface Transportation Board (STB) the railroad says would create unpredictable traffic flows, reduce high levels of customer service achieved over the past few years, and diminish the company’s incentive to keep investing at record levels in critically needed transportation infrastructure.
CSX CEO to Harvard Business School: CSX Meeting Growing Transportation Demand, Strengthening American Competitiveness
America’s freight railroads are investing in facilities, technology and programs to meet the country’s growing consumption and transportation needs, CSX chairman, president and chief executive officer Michael Ward told an audience of more than 200 business and policy leaders at a Harvard Business School (HBS) panel.
CSX And GE Transportation Partner To Pilot Liquefied Natural Gas Locomotives
JACKSONVILLE, Fla.– CSX Corp. and GE Transportation have agreed to explore emissions-cutting and efficiency breakthroughs in Liquefied Natural Gas (LNG) technology for locomotives beginning with a pilot program in 2014. “LNG technology has the potential to offer one of the most significant developments in railroading since the transition from steam to diesel in the 1950s,” said Oscar Munoz, executive vice president and chief operating officer, CSX Corporation. “That change took many years to complete and began with a lot of unknowns, and this one is no different. But aggressively exploring this technology is consistent with CSX’s focus on tomorrow, its