Csx Corp Stock Price, News & Analysis

CSX Corporation (NASDAQ: CSX) has announced a quarterly dividend payment of $0.13 per share on its common stock. The dividend will be paid on June 13, 2025, to shareholders who are recorded as stockholders as of the close of business on May 30, 2025. This dividend declaration demonstrates CSX's commitment to returning value to shareholders through regular dividend payments.

CSX Corp. (NASDAQ: CSX) announced that Executive Vice President and CFO Sean Pelkey will be speaking at the Bank of America Industrials, Transportation & Airlines Key Leaders Conference in New York. The presentation is scheduled for Tuesday, May 13, at 8 a.m. Eastern time. Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at http://investors.csx.com. A replay of the presentation will be made available after the event concludes.

CSX has successfully ratified new five-year collective bargaining agreements with two major railroad unions - the Brotherhood of Railroad Signalmen (BRS) and the International Brotherhood of Boilermakers (IBB).

CEO Joe Hinrichs emphasized that these agreements demonstrate mutual trust and commitment to their workforce. The deals include comprehensive benefits packages covering improved wages, healthcare, and paid time off.

Key highlights:

• 13 labor unions have ratified agreements with CSX
• 16 different work groups are covered
• 54% of CSX's unionized workforce is now under new agreements

CSX continues negotiations with two remaining national rail unions representing Trainmen/Conductors and Locomotive Engineers, aiming to achieve similar agreements and enhance work environments.

CSX (NASDAQ: CSX) has announced the addition of 18 rail-served properties across 12 states to its Select Site program. The properties have received gold, silver, or bronze ratings based on comprehensive site evaluations. The company collaborated with over 29 communities to identify prime candidates for the program, which aims to connect expanding companies with rail-served properties.

The designated sites include three Gold Level locations in Massachusetts and Alabama, seven Silver Level sites across Florida, Georgia, Virginia, and Alabama, and ten Bronze Level properties spanning multiple states. Four existing Select Sites from 2024 have been upgraded to higher designations, demonstrating improved site readiness.

According to Kellen Riley, CSX Senior Director of Industrial Development, these Select Sites represent significant economic growth opportunities, with completed due diligence to facilitate faster manufacturer investment and job creation in local communities.

CSX Corp. (NASDAQ: CSX) reported declining financial results for Q1 2025, with operating income falling to $1.04 billion from $1.34 billion year-over-year. Net income decreased to $646 million ($0.34 per diluted share) from $880 million ($0.45 per diluted share) in Q1 2024.

Total volume declined 1% to 1.52 million units, while revenue dropped 7% to $3.42 billion. The revenue decrease was attributed to lower coal revenue, reduced fuel surcharge, and decreased merchandise volume, partially offset by higher merchandise pricing and intermodal volume growth.

CEO Joe Hinrichs acknowledged operational challenges and network constraints from two major infrastructure projects, stating the company is implementing targeted actions to improve performance amid uncertain market conditions.

CSX (NASDAQ: CSX) has awarded its 31st Annual Chemical Safety Excellence Award to 62 customers for their outstanding performance in safely transporting hazardous materials during 2024. The recipients collectively shipped 164,438 carloads without any non-accidental releases of regulated substances.

To qualify for this recognition, customers must transport a minimum of 600 carloads of hazardous materials annually with zero safety incidents. Citgo Petroleum and Westlake received special recognition for achieving five consecutive years of accident-free shipments.

According to Kevin Boone, executive vice president and chief commercial officer, this achievement highlights the company's commitment to safety and strong partnerships in reducing risks. The award demonstrates rail transportation's position as the safest land-based method for transporting hazardous chemicals, while emphasizing CSX's dedication to protecting employees, communities, and the environment.

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers (IBB). The agreement, pending ratification by 59 IBB members at CSX, includes improvements in wages, healthcare, and paid time off benefits.

This marks CSX's 11th successful labor union agreement, covering 14 different work groups and representing 47% of its unionized workforce. CEO Joe Hinrichs emphasized the company's commitment to employee empowerment, safety, respect, and excellence as part of their ONE CSX initiative to enhance customer service.

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS), covering 1,215 signalmen. The agreement, announced on March 25, 2025, includes improvements in wages, healthcare, and paid time off benefits.

This marks a significant milestone as CSX has now ratified agreements with 11 labor unions, encompassing 14 different work groups, representing 47% of its unionized workforce. The agreement with BRS aligns with previously established terms across other union agreements, demonstrating CSX's commitment to maintaining consistent benefits packages across its workforce.

The tentative agreement is pending ratification by the BRS membership at CSX. The company continues to engage with remaining unions to secure similar agreements, focusing on workplace improvements and operational excellence.

CSX Corp (NASDAQ: CSX) has scheduled its first quarter 2025 financial and operating results announcement for Wednesday, April 16, 2025, after market close. The company will host a conference call and live webcast at 4:30 p.m. Eastern Time on the same day.

Investors can join via teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), using passcode 3368220. Participants are advised to dial in 10 minutes before the call. Presentation materials and webcast access will be available at investors.csx.com, where a replay will be archived after the event.