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. has finalized the first phase of a $525-million rail agreement with the Commonwealth of Virginia as part of a broader initiative to enhance rail services and infrastructure. This phase involves a permanent land easement to separate freight and passenger rail operations in the Washington, DC to Petersburg corridor. CSX anticipates completing the remaining phases over the next two years, continuing its collaborative efforts to improve transportation efficiency and safety for commuters and freight customers.
CSX Corp. (NASDAQ: CSX) is set to announce its first quarter financial and operational results after the market closes on April 20, 2021. A conference call will follow at 4:30 p.m. ET, where management will discuss the results and take questions. Interested participants can join by dialing specific numbers or via webcast, with materials available on CSX's investor website. CSX is recognized for providing essential rail and intermodal services across various markets, contributing significantly to the economic infrastructure of the eastern U.S.
CSX Corp. CEO James M. Foote will speak at the J.P. Morgan Industrials Conference on March 16, 2021, at 9:40 a.m. Eastern time. The event will be accessible via a live webcast on the company's investor relations website.
CSX is a leading transportation company providing rail and intermodal services across various sectors including energy and agriculture. The company has a significant role in connecting major U.S. metropolitan areas, benefiting economic expansion.
CSX Corp. has announced an 8% increase in its quarterly dividend, raising it from $0.26 to $0.28 per share. This updated dividend will be payable on March 15, 2021, to shareholders recorded by the market close on February 26, 2021. CSX continues to provide vital transportation services, playing a critical role in the U.S. economy with its extensive rail network that connects major metropolitan areas and rural regions.
On February 10, 2021, CSX Corp. announced that CFO Kevin Boone will speak at the Barclays Industrial Select Conference on February 17 at 9:30 a.m. ET. The event will be available via live webcast on the company's investor relations website, with a replay accessible afterward. CSX is a leading transportation company providing rail and intermodal services across various sectors, significantly contributing to the U.S. economy.
CSX Corp. reported fourth-quarter 2020 net earnings of $760 million, or $0.99 per share, which included a $48 million charge due to early debt retirement. The company achieved a record operating ratio of 57.0%, an improvement from 60.0% a year prior. Despite a 2% drop in revenue to $2.83 billion, expenses fell 7% to $1.61 billion. Operating income rose by 5% to $1.22 billion. CSX's efforts during the COVID-19 pandemic were commendable, prioritizing customer service and efficient operations.
CSX Corp. is set to release its fourth-quarter financial results after market close on January 21, 2021. A conference call will follow at 4:30 p.m. Eastern Time, allowing participants to dial in for live updates. CSX is a leading transportation company, providing vital rail and intermodal services across the eastern U.S., significantly contributing to economic and industrial development. For further insights, the webcast and presentation materials will be accessible on the company's investor relations website.
CSX has received an impressive A rating from CDP for its leadership in corporate sustainability, marking the eighth consecutive year of achieving 'Leadership' status. The company improved to the 'A List' this year, ranking in the top 5% globally among 5,800 companies evaluated for climate change efforts. This recognition underscores CSX's commitment to reducing emissions and enhancing corporate transparency, aligning with its overall business strategy.
CSX Corp. has signed a definitive agreement to acquire New England’s Pan Am Railways, enhancing its regional network. Pan Am operates a nearly 1,200-mile rail network and will expand CSX’s reach in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. This acquisition aims to create efficiencies and market opportunities for customers, integrating Pan Am into CSX's existing operations. Financial terms of the deal remain undisclosed and are subject to regulatory approval. The acquisition is expected to benefit shippers and local communities significantly.
CSX Corp. (NASDAQ: CSX) will have its CFO, Kevin Boone, speak at the Credit Suisse 8th Annual Industrials Conference on December 3 at 10:50 a.m. ET. The address will be available via live webcast and can be replayed afterward. CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets. With nearly 200 years of service, CSX connects major metropolitan areas in the eastern U.S. and supports economic growth through its extensive rail network.
FAQ
What is the current stock price of CSX Corporation (CSX)?
What is the market cap of CSX Corporation (CSX)?
What does CSX Corporation do?
Where is CSX Corporation located?
How extensive is CSX's transportation network?
What types of products does CSX transport?
What recent achievements has CSX made?
How is CSX involved in community engagement?
What are CSX's sustainability initiatives?
How does CSX support its employees?
Where can I find more information about CSX?
What markets does CSX serve?
