CSX Names New CEO, Continues to Expect Full-Year Volume Growth
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CSX has appointed Steve Angel as its new CEO, succeeding Joe Hinrichs. The company is on track for full-year volume growth, despite a drop in second-quarter results. CSX's stock rose 3.3% intraday, reflecting strong operating performance. Angel, who previously served as CEO of Linde, will focus on advancing CSX's strategic priorities and maximizing shareholder value. The railroad operator's revenue was impacted by lower coal and fuel prices, but intermodal volume saw gains.
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