CSX Targets Capex Cuts through 2020, Other Railways to Boost Spending
SUGAR LAND--March 7, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--CSX Corporation (NASDAQ:CSX) (Jacksonville, Florida) plans to reduce capital expenditures by 20% through 2020 as part of its strategy to increase free cash flow, executives with the eastern U.S. freight rail carrier said last week. However, other railways, such as Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) and Union Pacific Corporation (NYSE:UNP) (Omaha, Nebraska), are targeting spending increases for this year.
Within this article: Union Pacific grassroot railyard project in Hearne, Texas.
Additional companies: Canadian National Railway (NYSE:CNI), Canadian Pacific Railway Limited (NYSE:CP), Berkshire Hathaway Incorporated (NYSE:BRKA)
