NasdaqGS:CSXTransportation
A Look At CSX (CSX) Valuation As Cost Cuts Follow Activist Pressure And Softer Volumes
CSX (CSX) has moved to cut costs by eliminating 166 management roles, about 5% of that workforce, and furloughing 193 conductors. This represents a material shift that follows activist investor pressure and softer shipment volumes.
See our latest analysis for CSX.
Those cost-cut moves sit alongside other recent headlines, from infrastructure upgrades at Willard Yard and progress on the Howard Street Tunnel project to safety scrutiny following a derailment and the end of long running programs...