CSX names Steve Angel as new CEO amid activist pressure; shares rise 3%

Core Insights - CSX Corp has appointed Steve Angel as the new CEO, replacing Joe Hinrichs, amid a leadership change in the company [1] - This leadership transition occurs as the US railroad industry is experiencing increased consolidation [1] Company Summary - Steve Angel's appointment marks a significant shift in leadership for CSX Corp [1] - The change in CEO comes at a time when the company is navigating challenges within the broader railroad industry [1] Industry Summary - The US railroad industry is currently facing heightened consolidation, indicating a trend towards fewer, larger players in the market [1]