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CSX Corporation (CSX) announced that the board has approved a 3-for-1 stock split in the form of a stock dividend. The company provides rail-based freight transportation services.
CSX initially saw a 10% drop in its stock price, but turned around to hit a new 52-week high less than a month later (January 2018). [11] Harrison's successors have continued the shift to precision railroading, with most hump yards converted to flat yards, low volume shipping lanes eliminated and reductions in rolling stock and work force.
The CSX Transportation Building, the company's headquarters in Jacksonville, Florida. CSX Corporation is an American holding company focused on rail transportation and real estate in North America, among other industries. The company was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger.
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, railroad operator CSX (NYS: CSX) has earned a respected four ...
CSX's fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The volume of shipments the railroad delivered rose 1% even with all ...
CSX Transportation owns and operates a vast network of rail lines in the United States east of the Mississippi River.In addition to the major systems which merged to form CSX – the Baltimore and Ohio Railroad, Chesapeake and Ohio Railway, Louisville and Nashville Railroad, Atlantic Coast Line Railroad and Seaboard Air Line Railroad – it also owns major lines in the Northeastern United ...