CSX Corporation is under investigation by multiple entities such as Block & Leviton for allegations of securities fraud. The federal judge ordered CSX Transportation to reinstate two employees who were allegedly illegally terminated after raising safety concerns, and make a $453K payment to them.
Kirby McInerney LLP, a law firm, announced an investigation into shareholder claims against the corporation.
CSX Corp. stock performed well against competitors, despite losses sustained on the day. The loose truck market has reportedly impacted CSX Corp., while CSX has also reached tentative agreements with labor unions IBEW and NCFO.
Federal regulators have also approved CPKC, CSX acquisition of Meridian & Bigbee. In terms of innovation, the corporation has unveiled its first hydrogen-powered locomotive in collaboration with CPKC. However, there are rumors regarding
SEC subpoenas over misstatements in CSX's financial reports.
Csx Corporation CSX News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 26 Oct 2024 07:42:40 GMT -
Rating -8
- Innovation 6
- Information 5
- Rumor -7
