Union Pacific CEO Lance Fritz, discusses freight volume levels, and his confidence in coal's "place in electricity generation long-term." » Read More
RALEIGH, N.C.— CSX Corp. will build an intermodal cargo hub near the Virginia border in Edgecombe County after landowner opposition blocked the railroad company's first option, officials said Tuesday. North Carolina will spend about $100 million for track improvements and other transportation infrastructure, plus tax breaks worth up to $4 million.
Jim Cramer refutes the theory that stocks are held up by an unnatural floor. A win is a win!
Monsanto Co., up $3.09 to $104.22. JPMorgan Chase& Co., up 96 cents to $64.12. Yum Brands Inc., up $2.53 to $88.27.
Stocks closed higher after the BOE hinted at looser monetary policy and as earnings season kicked into full gear.
This is the first real day of earnings season, and at least today earnings are driving the markets, not the macro picture.
OMAHA, Neb.— CSX expects profit to decline for remainder of the year as freight volume slows and it plans further cost cuts to offset what the railroad's chief executive called a "challenging" environment. Chairman and CEO Michael Ward said the railroad expects to achieve $350 million worth of productivity improvements this year. CSX Corp. expects volume to...
Check out the companies making headlines after the bell Wednesday: Yum Brands, Phillips 66, Monsanto and more.
Michael Ward, CSX Corporation Chairman & CEO, discusses the company's earnings release and how the price of coal is affecting the rail operator.
JACKSONVILLE, Fla. _ CSX Corp. on Wednesday reported second-quarter profit of $445 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Six analysts surveyed by Zacks expected $2.71 billion.
OMAHA, Neb.— CSX Corp. reported a nearly 20 percent drop in second-quarter profit as freight volume slowed 9 percent, but the railroad beat expectations by cutting expenses and raising rates where it could. The Jacksonville, Florida- based railroad said Wednesday it earned $445 million, or 47 cents per share, in the quarter. Coal shipments fell 34 percent, extending...
Discussing the current state of the markets with Peter Costa, Empire Executions President and CNBC Contributor; Mark Eibel, Russell Investments Client Investment Strategies Director; and CNBC's Rick Santelli.
CNBC's Seema Mody reports on the early release of quarterly results from CSX.
U.S. stock-index futures traded narrowly higher on Wednesday after the Dow Jones Industrial Average and the S&P 500 indexes closed at record highs on Tuesday.
The drop in Treasury yields has fueled stocks' move higher. Traders will watch to see whether Tuesday’s reversal continues.
WASHINGTON— Treasury releases federal budget for June, 2 p.m.. WASHINGTON— Federal Reserve releases Beige Book, 2 p.m.. CSX Corp. reports quarterly financial results after the market closes.
CNBC's Mary Thompson reports on the new lane at the Panama Canal, which is re-configuring global trade which is expected to pay off for railroads.
Jim Cramer says to forget about payroll, instead use these four off-the-radar stocks as a gauge for how the economy is really doing.
Jim Cramer rattles off his take on caller favorite stocks, including this bank stock with great yield.
Ship it! The transport stocks have managed impressive outperformance this year.
Jim Cramer gave his read on the financials and government policy.