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Joe Hinrichs says the company won’t comment on speculation, It cut 77 managerial jobs in Jacksonville on weak freight trends.
BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s ...
Source: S&P Capital IQ, author calculations. Union Pacific has a much larger asset base than CSX on which to draw revenue. Yet when it comes to squeezing the most from those assets, CSX falls ...
CSX Corp. stock is up on reports that Union Pacific is interested in buying the Jacksonville-headquartered railroad company.
Both companies improved their operating ratio in the fourth quarter, with CSX's declining to 66.9% from 71.6% in the same period last year while Union Pacific's declined to 62% from 63.2%.
Both Union Pacific and CSX have done a good job of producing high profit margins. But Union Pacific has been more effective with its pricing power, perhaps because of its particular exposure ...
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