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CSX Not Seeing A Decline In Shale Oil And Frac Sand Demand, Which Is Bullish For U.S. Silica
2015-01-17 23:11:32| Railroads - Topix.net
WTI prices would have to decline even further and stay that low for the long term to have a serious impact on the firm's 2016 earnings. U.S. Silica has undergone a decline in its stock price that I believe is unwarranted.
CSX close to reaching buyout goal; Ward feeling good about 2015
2015-01-16 07:37:10| Railroads - Topix.net
Two months after offering a voluntary buyout program to reduce 300 positions, CSX Corp. came pretty close to reaching that goal, Chairman and CEO Michael Ward said Wednesday. 'Two hundred and ninety-eight people elected to take that, all of which were very happy to take it because some of them were planning to retire anyway,' Ward said in an interview after the Jacksonville-based railroad company reported strong fourth-quarter earnings.
Will This Price Target Hurt CSX Corp. (CSX) Stock Today?
2015-01-16 03:27:34| Railroads - Topix.net
The analyst firm lowered its 2015 and 2016 EPS estimates for the railroad company to $2.19 a share and $2.49 a share from $2.26 and $2.52, respectively. Credit Suisse analysts also set their 2017 EPS estimates for CSX at $2.80 a share.
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CSX layoffs to follow management buyouts
2015-01-15 16:55:47| Railroads - Topix.net
JACKSONVILLE, Fla. - CSX Corp. will have to lay off workers to meet its goal of eliminating 300 management jobs, CEO Michael J. Ward said in a phone interview on Wednesday.
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CSX Corporation: Weakness In Oil Proved To Be No Big Deal
2015-01-15 11:56:12| Railroads - Topix.net
On Tuesday evening, CSX Corporation announced its results for the fourth quarter and full-year of 2014. For the fourth quarter, the company generated $0.49 per share in net income on revenues of $3.2 billion.
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