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GE Transportation (NYSE: GE) secures 225 orders in 2018 for locomotive modernizations, as well as completes the first of 100 modernizations for Norfolk Southern (NYSE: NS).
While the bulls might have appreciated the better-than-expected Capex guidance, analysts anticipate further details on the 2018 guidance and long-term targets at the company's Analyst Day on March 1.
Activist-pressured companies often seek to sell themselves or engage in some sort of M&A when they have no full-time CEO. CSX could face that kind of pressure from Mantle Ridge with Harrison gone.
James Foote will lead the group's ongoing turnaround following the weekend death of legendary CEO Hunter Harrison.
The legendary railroad figure passes away after battling an unexplained illness, according to reports.
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