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) will be featured at the 2021 Stephens Annual Investment Conference in Nashville on December 1, 2021, at 4:00 PM ET. The company's Executive Vice President of Sales & Marketing, Kevin Boone, will deliver the address. This event will be webcast live, and a replay will be available afterward. CSX is a key player in the transportation sector, offering rail, intermodal, and transload services across various markets. For more details, visit CSX's investor relations website.
CSX Corp. (NASDAQ: CSX) will participate in the Baird 51st Annual Global Industrial Conference on November 11 at 10:50 am ET, where CEO James M. Foote will deliver remarks. The event will be available via live webcast, and a replay will be accessible afterward. CSX, based in Jacksonville, Florida, is a leading transportation company offering rail and intermodal services, contributing significantly to U.S. economic expansion and connecting major metropolitan areas with critical markets.
CSX Corp. reported a robust third quarter for 2021, achieving net earnings of $968 million ($0.43 per share) compared to $736 million ($0.32 per share) in 2020. This performance was fueled by a 24% increase in revenue to $3.29 billion, attributed to growth across all business lines and the inclusion of Quality Carriers. The operating ratio improved to 56.4% from 56.9%, indicating enhanced efficiency. Operating income also rose by 26% to $1.44 billion.
The Board of Directors of CSX Corporation has approved a quarterly dividend of $0.093 per share on its common stock. This dividend is payable on December 15, 2021, to shareholders of record by November 30, 2021. This approval follows a three-for-one stock split that occurred on June 28, 2021, which adjusted the previous dividend amount of $0.28 per share. CSX, based in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets.
CSX Corp. (NASDAQ: CSX) will announce its third quarter financial results on October 20, 2021, after market close. The management will host a conference call at 4:30 p.m. ET to discuss these results. Interested participants can join the call by dialing provided numbers. CSX, based in Jacksonville, Florida, is a major transportation company offering rail services across various sectors, significantly contributing to the economy. More details will be available on their investor relations website.
CSX participates in Rail Safety Week from September 20-26, 2021, in collaboration with Operation Lifesaver and others to promote rail safety awareness. With 95% of railroad fatalities stemming from preventable crossing collisions and trespassing, CSX emphasizes the importance of public education. The company employs community outreach and social media to reduce grade crossing incidents across its 23-state network. CSX's long-standing partnership with Operation Lifesaver focuses on providing free rail safety education and specialized training for law enforcement and first responders.
CSX Corp. (NASDAQ: CSX) CEO James M. Foote will speak at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 9:45 a.m. ET. The conference will be accessible via a live webcast on CSX's investor relations website, with a replay available post-event. CSX is a leading transportation company based in Jacksonville, Florida, offering rail, intermodal, and rail-to-truck transload services across various market sectors. The company plays a vital role in the economic development of the Eastern U.S.
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