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Search resuls for: "Joe Hinrich"


17 mentions found


☆ CSX CEO talks tariffs and manufacturing: 'As long as the economy’s growing, we’ll be a part of it'
  + stars: | 2024-11-14 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC's Jim Cramer, explaining why he thinks his company is well-positioned. "From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere," Hinrichs said. "If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it." President-elect Donald Trump is expected to raise tariffs substantially when he takes office, which could change trade patterns, especially with China. Hinrichs also suggested that an increase in domestic manufacturing would be positive for CSX, something that could be bolstered by the Trump administration's tariff policies.
Persons: Joe Hinrichs, CNBC's Jim Cramer, Hinrichs, Donald Trump, it's Organizations: CSX, Trump Locations: U.S, East Coast, China, West Coast, Chicago, Memphis, America
☆ CSX CEO on earnings miss, trimmed guidance
  + stars: | 2024-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCSX CEO on earnings miss, trimmed guidanceJoe Hinrichs, CSX CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, where the business has been most hit, and much more.
Persons: Joe Hinrichs Organizations: CSX
☆ CSX CEO on earnings: We see a strong second half of the year for us
  + stars: | 2024-08-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCSX CEO on earnings: We see a strong second half of the year for usJoe Hinrichs, CSX president and CEO, joins 'Squawk on the Street' to discuss his company's earnings reports, inflation, east coast labor talks, and more.
Persons: Joe Hinrichs Organizations: CSX
☆ Tuesday's big stock stories: What's likely to move the market in the next trading session
  + stars: | 2024-08-05 | by ( Jason Gewirtz | ) www.cnbc.com   time to read: +2 min
It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.
Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson
☆ CSX CEO on economy: Feeling good about the demand side
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCSX CEO on economy: Feeling good about the demand sideCSX CEO Joe Hinrich joins 'Squawk on the Street' to discuss the company's quarterly earnings results, his thoughts on the broader economy, and more.
Persons: Joe Hinrich Organizations: CSX
☆ CSX 4Q Profit Slips but Railroad Keeps Its Trains Running Smoothly and Predicts Profitable 2024
  + stars: | 2024-01-24 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
CSX's fourth quarter profit slipped 13%, but the railroad reported hauling slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. The results for the latest quarter were in line with what the analysts surveyed by FactSet Research predicted on average. CSX's expenses crept up 4% to $2.36 billion during the quarter. CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Persons: railyards, Joe Hinrichs Organizations: FactSet Research, CSX Locations: Jacksonville , Florida
☆ CSX CEO Joe Hinrichs goes one-on-one with Jim Cramer
  + stars: | 2023-11-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
CSX CEO Joe Hinrichs goes one-on-one with Jim CramerCSX President and CEO Joe Hinrichs joins 'Mad Money' host Jim Cramer to talk quarterly results, export pricing, growth opportunities and more.
Persons: Joe Hinrichs, Jim Cramer CSX, Jim Cramer Organizations: CSX
☆ A lot of industrial development in the Southeast is in our network, says CSX CEO Joe Hinrichs
  + stars: | 2023-11-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot of industrial development in the Southeast is in our network, says CSX CEO Joe HinrichsCSX President and CEO Joe Hinrichs joins 'Mad Money' host Jim Cramer to talk quarterly results, export pricing, growth opportunities and more.
Persons: Joe, Joe Hinrichs, Jim Cramer Organizations: CSX
☆ The Dow's transportation index is ringing alarm bells about the broader stock market
  + stars: | 2023-10-20 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +5 min
A decline in transportation stocks is sending a worrying signal about the broader stock market. Transportation stocks are viewed as a leading indicator because they point to the movement of goods around the country. AdvertisementAdvertisementA steady decline in transportation stocks is sending a worrying signal about the broader stock market and its chances to stage a year-end rally. If companies are seeing a slowdown in growth and their stock prices fall, it could be a grim warning for the rest of the economy and stock market. AdvertisementAdvertisementAnd if the latter happens, crucial support levels would be broken and investors' highly anticipated year-end rally in the stock market, partly explained by bullish seasonals, would be on thin ice.
Persons: —, Hunt, Dow Jones, bullish seasonals, J.B, Shelley Simpson, Robert Isom, We're, Isom, Joe Hinrichs, Hinrich, Dow, Manuel Blay, TheDowTheory.com, Dow Industrials Organizations: Service, Dow Jones Transportation, United Airlines, American Airlines, CSX Transportation, Dow, Industrial, CNBC, CSX Locations: Israel
☆ CSX CEO Joe Hinrichs on earnings and consumer: We're seeing 'encouraging' start to current quarter
  + stars: | 2023-10-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCSX CEO Joe Hinrichs on earnings and consumer: We're seeing 'encouraging' start to current quarterJoe Hinrichs, CSX CEO, joins CNBC's "Squawk on the Street" to discuss the rail company's third-quarter earnings.
Persons: Joe Hinrichs Organizations: CSX
☆ CSX Boss Pledges Continued Improvements to to Shoddy Reliability as Quarterly Profit Falls 24%
  + stars: | 2023-10-19 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +2 min
(AP) — CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly. The Jacksonville, Florida-based railroad said it earned $846 million, or 42 cents per share, in the quarter. Hinrichs said customers are noticing that the railroad's service has been consistently better over the past year, and that is opening the door to more conversations about increasing the amount they ship on the railroad. Three CSX employees have died on the job since June, prompting unions to call for better training and a review of the use of remote-control locomotives. CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Persons: ”, Joe Hinrichs, Hinrichs, Mike Cory Organizations: — CSX, FactSet Research, CSX, ” Revenue Locations: OMAHA, Neb, Jacksonville , Florida
☆ Domestic intermodal business are showing signs of life, says CSX CEO Joseph Hinrichs
  + stars: | 2023-07-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomestic intermodal business are showing signs of life, says CSX CEO Joseph HinrichsJoe Hinrichs, CSX CEO, joins 'Squawk on the Street' to discuss Hinrichs' decision to maintain the company's forecast, weakness in the company's intermodal business, and much more.
Persons: Joseph Hinrichs Joe Hinrichs, Hinrichs Organizations: CSX
☆ US supply chain woes shift and persist in 2023
  + stars: | 2023-05-17 | by ( Lisa Baertlein | Thomson Reuters | Lisa Baertlein Covers The Movement Of Goods Around The World | ) www.reuters.com   time to read: +3 min
CHICAGO, May 17 (Reuters) - The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "Freight costs, logistics, have gone down significantly," said Mario Guerendo, who oversees global supply chain for vehicle engine maker Cummins Inc (CMI.N). After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."
☆ How a Railroad Outsider Aims to Improve Service
  + stars: | 2023-04-15 | by ( Esther Fung | Photographs Agnes Lopez For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
After taking the post of CSX Corp. chief executive in September, Joe Hinrichs went on a listening tour. As tensions festered during rancorous labor-contract talks, Mr. Hinrichs said he needed to talk to employees to build better relationships. He also heard what they thought about precision-scheduled railroading, the management strategy designed to improve railroad service and control costs by keeping trains to preset schedules.
☆ CSX Boss Says Railroads’ Efficiency Model Wasn’t Implemented Properly
  + stars: | 2023-04-15 | by ( Esther Fung | Photographs Agnes Lopez For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
After taking the post of CSX Corp. chief executive in September, Joe Hinrichs went on a listening tour. As tensions festered during rancorous labor-contract talks, Mr. Hinrichs said he needed to talk to employees to build better relationships. He also heard what they thought about precision-scheduled railroading, the management strategy designed to improve railroad service and control costs by keeping trains to preset schedules.
☆ Bernie Sanders, White House pressure railroads on paid sick leave for union workers
  + stars: | 2023-02-09 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
a member of the committee, demanded railroad carriers offer workers at least seven paid sick days. "If they think that those [Senate members] who voted for seven days sick pay that they forgot, they got it wrong. A House amendment that guaranteed comprehensive sick leave passed the House but failed in the Senate. After the vote, Sanders and more than 70 members sent a letter to President Joe Biden urging his administration to take action to guarantee paid sick days for rail workers. The failed vote on paid sick leave led union leaders to remind politicians that votes have election consequences.
☆ Two rail unions reach deal with CSX railroad for paid sick time
  + stars: | 2023-02-08 | by ( Vanessa Yurkevich | ) edition.cnn.com   time to read: +3 min
CNN —CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. It also allows members to use up to three personal leave days for sick leave, the two unions said. Eight unions voted to accept the tentative agreement negotiated by the Biden administration with no paid sick leave, while four voted it down. The unions asked for ten paid sick days initially — whittling down their ask to four. The three other major freight railroads — Union Pacific, BNSF and Norfolk Southern — do not currently have paid sick leave in place.
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