Welcome to our dedicated page for Csx news (Ticker: CSX), a resource for investors and traders seeking the latest updates and insights on Csx stock.
CSX Corporation (CSX) delivers essential transportation services through its rail network and intermodal solutions. This page serves as a definitive source for corporate announcements, financial disclosures, and operational updates directly impacting stakeholders.
Access real-time information on quarterly earnings, infrastructure investments, and strategic partnerships that shape North American freight logistics. Our curated feed includes regulatory filings, leadership updates, and analysis of CSX's role in supply chain efficiency.
Discover developments in key initiatives like the CSX Select Sites program and evolving intermodal strategies. All content is rigorously verified, combining official press releases with contextual industry reporting.
Bookmark this resource for streamlined monitoring of CSX's market position, service expansions, and contributions to transportation infrastructure modernization.
CSX Corp. announced a tentative agreement with SMART-TD to provide monthly advance payments for wage adjustments expected from the 2020 national bargaining settlement. Payments of up to $600 will be made from May 2022 until the end of the year or until a wage settlement is reached. This decision aims to support union employees facing high inflation and prolonged wait times for pay raises. CSX is also working to extend similar agreements to all unionized employees. The ongoing negotiations began in November 2019 and are currently under mediation.
CSX Corp. (NASDAQ: CSX) announced that the Surface Transportation Board approved its acquisition of Pan Am Railways, effective June 1, 2022. This acquisition is expected to enhance service offerings to New England customers, allowing CSX to integrate Pan Am's nearly 1,200-mile rail network. The deal aims to improve operational efficiency, reduce fuel consumption, and expand CSX's reach into Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. Financial terms were not disclosed, but the integration is expected to bring significant benefits to shippers and stakeholders in the region.
CSX Corp. has appointed Steve Fortune as the new executive vice president and chief digital and technology officer. Fortune will oversee digital and technology initiatives aimed at enhancing growth and efficiency.
With over 30 years at BP, including serving as chief information officer, Fortune brings extensive leadership and technical expertise. CSX's leadership believes his experience is vital for driving innovation and sustainable growth in the transportation sector.
CSX Corp. (NASDAQ: CSX) announced it received notice of an unsolicited mini-tender offer from TRC Capital Investment Corporation to acquire up to four million shares at $34.75 each, which is 4.43% below the stock's closing price of $36.34 on March 18, 2022. CSX does not endorse this offer and advises shareholders not to tender their shares, as the offer price is below market value and subject to certain conditions. The expiration of the offer is set for April 20, 2022, at 12:01 a.m. New York City time.
CSX Corp. (NASDAQ: CSX) will announce its first quarter financial results on April 20, 2022, after market close. The results will be followed by a conference call at 4:30 p.m. ET, where management will discuss the earnings. Interested parties can join the call by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), using passcode 3368220. Presentation materials will be accessible via the company's investor website, where a replay of the webcast will also be available.
CSX Corp. (NASDAQ: CSX) President and CEO, James M. Foote, will speak at the 2022 JP Morgan Industrials Conference on March 16 at 8:00 am ET. The event will be streamed live via webcast, and a replay will be available afterwards. CSX, headquartered in Jacksonville, Florida, specializes in rail, intermodal, and rail-to-truck services across various industries, significantly contributing to the U.S. economy. The company connects major metropolitan areas in the eastern U.S., facilitating commerce through a vast transportation network.
CSX Corp. (NASDAQ: CSX) has announced a 7% increase in its quarterly dividend, raising it from $0.093 to $0.10 per share. This new dividend will be payable on March 15, 2022 to shareholders who are on record by the close of business on February 28, 2022. CSX, based in Jacksonville, Florida, operates as a leading transportation company, providing services in rail, intermodal, and rail-to-truck transload solutions.
CSX Corp. (NASDAQ: CSX) announced that Kevin Boone, Executive Vice President of Sales & Marketing, will speak at the 2022 Barclays Industrial Select Conference in Miami on February 23 at 9:10 am Eastern Time. The address will be available via a live webcast on the company's investor relations website, with a replay available afterward. CSX is a leading transportation company providing various rail and logistical services across multiple sectors, contributing significantly to the U.S. economy through its extensive network connecting major metropolitan areas.
Loadsmart has successfully closed a $200 million Series D financing round led by the SoftBank Latin America Fund, valuing the company at $1.3 billion. This marks a significant increase from its Series C valuation. Loadsmart is revolutionizing freight logistics with innovative technology that enhances pricing, booking, and shipping efficiency. The company has expanded its services beyond full truckload shipments, now involving multimodal solutions. Notably, Loadsmart achieved a 134% year-over-year revenue growth in 2021, driven by increased demand and technological advancements.
CSX Corp. has appointed Sean R. Pelkey as the new executive vice president and CFO effective immediately. His experience includes serving as vice president and acting CFO, with a strong background in finance and capital management since joining the company in 2005. James M. Foote, CEO, emphasized Sean's critical contributions during CSX's transformation, which has enhanced stakeholder value. CSX continues to provide vital transportation services across various markets in the eastern United States.
