CSX

Genesee & Wyoming Inc. is buying Providence and Worcester Railroad Co. for approximately $126 million (or $25 per share).

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.