Appalaches Capital has defended its investment position in the CSX Corporation. Joe Hinrichs, CEO of CSX, has appeared on 'Mad Money' to discuss the company's direction. CSX has come under fire for unauthorised work around the Nolichucky River, prompting orders to stop from the Army Corps of Engineers. The company has faced further legal issues with the reinstatement and compensation of employees illegally terminated in 2017. The corporation's shares have been purchased by State Street Corp and the company is seeking the input of the High Court on a rate case with Norfolk Southern. Their latest Heritage locomotive has been unveiled and it is confirmed that a US$0.12 dividend will be paid following successful third quarter 2024 results. The corporation is also being investigated for securities fraud; meanwhile, infrastructure enhancements are being made at their Cumberland, Maryland yard. Lastly, one of their officers will retire after 21 years and his successor has already been identified.
Csx Corporation CSX News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Fri, 06 Dec 2024 23:26:00 GMT -
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