Welcome to our dedicated page for CSX Corporation news (Ticker: CSX), a resource for investors and traders seeking the latest updates and insights on CSX Corporation stock.
CSX Corporation, headquartered in Jacksonville, Florida, is one of the United States' premier transportation providers. The company's rail and intermodal businesses offer a range of rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. Using a comprehensive network of approximately 21,000 route miles of track across 23 states, the District of Columbia, Ontario, and Quebec, CSX connects major population centers and serves about two-thirds of the American population.
CSX's extensive network provides access to over 70 ocean, river, and lake port terminals along the Atlantic and Gulf coasts, the Mississippi River, the Great Lakes, and the St. Lawrence Seaway. Additionally, through alliances with western railroads, CSX has access to Pacific ports, extending its reach globally.
As a vital player in the U.S. economy, CSX transports a diverse range of products. In 2023, the company generated around $14.7 billion in revenue, moving commodities such as coal (16% of revenue), chemicals (17%), intermodal containers (16%), and automotive cargo (7%).
One of CSX's recent achievements includes becoming the first U.S. Class I railroad to extend paid sick leave agreements to its contract workers, significantly enhancing the well-being of its employees. The company has negotiated with several unions, including BMWED, BRC, SMART-TD, IAM, NCFO, and IBEW, to offer this benefit to thousands of workers.
In the realm of community engagement, CSX has made a transformational gift to the Museum of Science & History (MOSH) in Jacksonville, supporting the MOSH Genesis capital campaign. This initiative aims to build a new, state-of-the-art museum on the Northbank of the St. Johns River, enhancing educational and cultural opportunities for the region.
CSX is also committed to sustainability and innovation. The company has recently debuted its first hydrogen-powered locomotive, converted from an existing diesel unit. This initiative is part of a collaboration with CPKC to advance hydrogen technology, aiming to provide more efficient and zero-emission transportation solutions.
For nearly 200 years, CSX Corporation has played a critical role in America's economic expansion and industrial development, linking major metropolitan areas, short-line railroads, and numerous ports. CSX continues to leverage its extensive network to provide reliable transportation services, driving progress and connectivity across the nation.
CSX Corp. (NASDAQ: CSX) CEO James M. Foote will present at the Cowen 15th Annual Global Transportation and Sustainable Mobility Conference on September 7 at 10 a.m. EST. The event will be streamed live on the company's investor relations website, with a replay available afterwards. CSX, based in Jacksonville, Florida, offers a range of transportation services, connecting major metropolitan areas in the eastern U.S. and facilitating economic growth through its extensive rail network.
CSX Corp. (NASDAQ: CSX) announced that executive vice president of sales & marketing, Kevin Boone, will speak at the Deutsche Bank 2022 Transportation Conference on August 17 at 9:00 a.m. EST. The event will be available via live webcast, and a replay will follow. CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets. For nearly 200 years, CSX has significantly contributed to the economic growth of the eastern United States.
CSX Corp. reported second quarter 2022 earnings of $1,178 million, or $0.54 per share, an increase from $1,173 million and $0.52 per share year-over-year. Revenue rose 28% to $3.82 billion, driven by pricing gains and the addition of Quality Carriers. Operating income also increased to $1.70 billion. However, the operating ratio worsened to 55.4% due to higher fuel costs and the acquisition of Quality Carriers. The quarter included $18 million in acquisition expenses and a $122 million gain from property sales.
CSX Corp. (NASDAQ: CSX) has declared a quarterly dividend of $0.10 per share on its common stock. This dividend is set to be paid on September 15, 2022, to shareholders who are on record by August 31, 2022. Based in Jacksonville, Florida, CSX is a leading transportation company with a rich history of nearly 200 years, providing vital rail and intermodal services across various sectors.
CSX Corp. (NASDAQ: CSX) will announce its second quarter financial results on July 20, 2022, post-market. A conference call with management will follow at 4:30 p.m. ET. Investors can join the call by dialing 1-888-510-2008 within the U.S., or 1-646-960-0306 from outside. It’s recommended to call in 10 minutes early and use the passcode 3368220. Webcast materials will be accessible on CSX's investor relations website. CSX is a leading transportation company, providing various rail and intermodal services across diverse markets.
CSX Corp. has completed the acquisition of Pan Am Railways, enhancing its operations in the growing Northeast rail market. CEO James M. Foote stated that this acquisition is part of CSX's strategy to provide efficient freight services and improve rail transportation in the region. Regulatory approval from the Surface Transportation Board was secured six weeks prior to the announcement. Terms of the transaction remain undisclosed, with Goldman Sachs serving as the financial advisor.
CSX Corp. (NASDAQ: CSX) will be addressing the Bernstein 38th Annual Strategic Decisions Conference on June 2nd at 2:30 PM Eastern Time. The presentation will be broadcast live via webcast at investors.csx.com, with a replay available afterwards. CSX, based in Jacksonville, Florida, offers rail and intermodal services across various markets, including energy and agriculture, playing a vital role in the U.S. economy. For further details, visit www.csx.com.
CSX Corp. (NASDAQ: CSX) will be represented by Executive Vice President of Sales & Marketing, Kevin Boone, at the 15th Annual Wolfe Research Global Transportation & Industrials Conference on May 24 at 11:30 am Eastern Time.
The presentation will be available through a live webcast and later as a replay on the company's investor relations website. CSX provides key transportation services across various markets, significantly supporting the U.S. economy for nearly 200 years.
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