U.S. equities kicked off Monday, September 29, 2025, with a positive tone, aiming to rebound after major indexes closed last week in the red. Investors are closely watching a flurry of corporate news, upcoming economic data, and critical political developments, including a looming government shutdown deadline. The market's opening performance showed resilience, with major indexes posting gains as trading began.Market Indexes Show Opening StrengthAs of Monday morning, U.S. stock futures had climbed, signalin ...

CSX Corp. today announced that its Board of Directors has named Steve Angel as president and chief executive, effective Sept. 28. Angel, former CEO of gas and engineering giant Linde who had served as chairman of that company since 2022, succeeds Joe Hinrichs, who had been president, CEO, and board member. Angel was also appointed to the CSX board. The move comes as a surprise, as Hinrichs on Friday had hosted a high-profile media event to mark the re-opening of the Howard Street tunnel, a linchpin in t ...

CSX Corp on Monday appointed Steve Angel as its new chief executive officer, replacing Joe Hinrichs, in a leadership shake-up that comes as the US railroad industry faces heightened consolidation and ... ...

By Nathan Gomes (Reuters) -CSX Corp has named veteran executive Steve Angel its CEO, replacing Joe Hinrichs, as the U.S. railroad operator fends off pressure from an activist investor against the backdrop of rapid consolidation in the industry. The company's shares rose about 3% in morning trading on Monday. Angel headed industrial gas firm Praxair, and became the CEO of the combined company in 2018 following its deal with Linde. He became the chair in 2022 after he stepped down from the CEO role. He p ...

The activist investor that called for CSX to dump Chief Executive Joe Hinrichs got its way Monday, and said the company is now positioned to find its own rail merger partner. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! “We applaud the CSX Board of Directors for heeding shareholder feedback and terminating former CEO Joe Hinrichs,” Ancora Holdings said in a statement. “This follows Ancora’s d ...

Steve Angel Appointed Chief Executive Officer Effective September 28 Operating Performance Remains Strong and Still Expect Full-Year Volume Growth JACKSONVILLE, Fla., Sept. 29, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced that its Board of Directors has named Steve Angel as President and Chief Executive Officer, and a member of the Board, effective September 28. He succeeds Joe Hinrichs, who has departed from the company as President, CEO, and Board member. Angel will work closely with t ...

25 September 2025 Global Logistics Supply Chain Pulse Check: Ocean slows sharply post-peak Alex Irving, CFA +44 207 676 7044 alex.irving@bernsteinsg.com David Vernon +1 917 344 8333 david.vernon@bernsteinsg.com Antoine Madre +33 1 58 98 74 52 antoine.madre@bernsteinsg.com Justine Weiss +1 917 344 8433 justine.weiss@bernsteinsg.com Moving past the ocean peak season, rates are coming under renewed pressure. As of mid- September, the SCFI hit its lowest level since 2023, and blank sailings have so far failed t ...

A transformative infrastructure milestone decades in the making strengthens Maryland’s economy and East Coast freight movementJACKSONVILLE, Fla., Sept. 26, 2025 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced the re-opening of the expanded Howard Street Tunnel, a historic and transformative $450+ million infrastructure project that will modernize freight rail transportation along the East Coast. The project marks a major milestone in the decades of effort by state, federal, and private partners to del ...

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Union Pacific this week traded job protections for the backing by its largest union of its proposed takeover of Norfolk Southern. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! The largest western railroad (NYSE: UNP) said that every member of the SMART-TD (Sheet Metal, Air, Rail and Transportation Workers—Transportation Division), union holding a job at the time of the merger will have career- ...