Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt

CSXT EXEC TO FOCUS ON IMPROVING PERFORMANCE

Two weeks after it reported decreased earnings for a second-straight quarter, CSX Corp. announced yesterday the appointment of Frederick Favorite Jr., senior vice president of performance improvement at CSX Transportation.

Favorite is responsible for coordinating and implementing a program to improve productivity throughout the company, CSX said in a news release.

Late last month, CSX Chairman and Chief Executive Officer Michael Ward pledged systemwide improvements to the railroad, especially to its problem-plagued Atlanta-area operations.

Favorite has previously held the positions of senior vice president of finance, and vice president of planning and analysis at CSXT.

CSX Corp. operates the third-largest railroad in the United States with its core division, CSXT.

SUDDATH NAMES HEAD OF RELOCATION DIVISION

The Jacksonville-based Suddath Cos. announced yesterday that it promoted Michael Demont to president of Suddath Relocation Systems.

Demont began his career with Suddath in 1996 as vice president of American Heritage Relocation Systems, a Suddath division. He was then promoted to chief executive officer of Suddath's Data Storage Centers. In 2001, Demont was named senior vice president for Suddath Relocation Systems where he took over the daily management of operations for Suddath's 16 U.S. branch subsidiaries.

Suddath Relocation Systems, the core subsidiary of The Suddath Cos., provides corporate relocation, household goods transportation, facility moving, warehousing, distribution and logistics services to businesses and consumers worldwide.

PATRIOT TRANSPORTATION TO REPURCHASE STOCK

Patriot Transportation Holding Inc.'s board of directors has authorized the company to purchase $3 million worth of its common stock as opportunities arise. …

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