We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CSX Corporation | NASDAQ:CSX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.09% | 34.00 | 20.14 | 38.99 | 34.17 | 33.57 | 33.64 | 10,661,946 | 05:00:04 |
From Apr 2019 to Apr 2024
CSX Corp. said it is laying off 116 mechanical employees as it streamlines operations at 16 mechanical facilities. The company said it is responding to low rail-cargo volumes.
Some of the impacted workers will be given positions in other parts of the company.
Operations will be reduced at car shops in the South, Midwest and East Coast, including in Detroit and New Orleans.
Railroads are facing competition from trucks, as low fuel prices have made hauling cheaper. Cheaper energy prices have also lead to declines in shipments of coal and metals, such as materials used for energy drilling.
Last month, the company said it was consolidating its administrative operations from 10 divisions to nine divisions and closing its offices in Huntington, West Virginia.
In October, CSX said it would close mechanical shops in Corbin, Ky., in a move that would impact 180 employees.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
February 12, 2016 12:25 ET (17:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year CSX Chart |
1 Month CSX Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
