Its non-railroad interests have in the past included barge lines, pipelines,and containerships.At present it operates a worldwide network of shipping terminals, markets intermodal shipping and information technology services, and its real estate interests include The Greenbrier Resort.
The founding chairman was Prime F. Osborn III of Seaboard and the first CEO and second chairman was Hays T. Watkins Jr. of Chessie. Watkins was succeeded by John W. Snow as CEO in 1989 and as chairman in 1991. When Snow left the company in 2003 to become United States Secretary of the Treasury Ward,who then headed CSX Transportation,was promoted to succeed him.
Its domestic containership lines are now jointly owned with the Carlyle group as Horizon Lines LLC.
Michael J. Ward, CSX Corp.'s chairman, president and chief executive, received 2006 compensation the railroad operator valued at $16.8 million, according to a company proxy statement.
In January, CSX said its fourth-quarter profit rose 46 percent, due in part to pricing power and strength in shipments of coal and agricultural freight.
CSX shares rose 14 cents to close at $40.05 on the New York Stock Exchange.
CSXCorporation NYSE: CSX was formed in 1980 by the merger of Chessie System and Seaboard Coast Line Industries and eventually merged the various railroads owned by those predecessors into a single line that became known as CSX Transportation.
Based in Richmond, Virginia, USA after the merger, in 2003 headquarters moved to Jacksonville, Florida.
When Snow left the company in 2003 to become United States Secretary of the Treasury Ward, who then headed CSX Transportation, was promoted to succeed him.
Feeds |
Contact