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) Chief Financial Officer Kevin Boone will present at the Morgan Stanley 8th Annual Laguna Conference on September 15 at 9:00 a.m. Eastern time. The presentation will be accessible via live webcast at http://investors.csx.com, with a replay available afterward. CSX is a leading transportation company providing extensive rail and intermodal services, significantly contributing to economic growth in the Eastern U.S. The firm connects major cities and ports, supporting diverse markets.
CSX Corp. (NASDAQ: CSX) will have its Executive VP of Sales & Marketing, Mark Wallace, speak at Cowen’s 13th Annual Global Transportation Conference on September 9 at 8:00 a.m. Eastern time. The event will be streamed live via webcast, and a replay will be accessible afterward. CSX is a leading transportation company, offering extensive rail and intermodal services across the eastern U.S. and has been vital to the nation's economic growth for nearly 200 years.
CSX published its 2019 ESG report, showcasing its commitment to sustainability in safety, environmental care, and governance. The report highlights record safety performance and early achievement of 2020 emissions reduction targets. Notably, CSX became the first U.S. Class 1 railroad to reach fuel efficiency of under one gallon per thousand gross ton miles. President James M. Foote emphasized the company’s transformation and its goal to be North America’s best-run railroad. The report sets the foundation for future sustainable growth.
CSX Corp. reported second quarter 2020 net earnings of $499 million ($0.65 per share), down from $870 million ($1.08 per share) last year. Revenue decreased 26% to $2.26 billion, primarily due to the COVID-19 pandemic. However, expenses dipped 19% to $1.43 billion, supporting operating income of $828 million, a 37% decline year-over-year. CSX acknowledges employee efforts during disruptions and will hold a conference call for detailed earnings discussion.
CSX Corp. has declared a quarterly dividend of $0.26 per share on its common stock, payable on September 15, 2020. Shareholders of record as of August 31, 2020 will receive this dividend, reflecting the company’s ongoing commitment to returning value to its investors. CSX is a leading transportation company based in Jacksonville, Florida, connecting metropolitan areas and facilitating key markets in the U.S. With nearly 200 years in operation, CSX continues to play a significant role in the economy.
CSX Corp. announces the immediate appointment of James L. Wainscott to its board of directors. Wainscott brings extensive experience as the former chairman and CEO of AK Steel, where he led the company through significant growth. His background in key industrial markets is expected to enhance CSX's leadership and strategy in the transportation sector. Wainscott, who holds an MBA from the University of Notre Dame, will also serve on the company’s finance committee, aligning with CSX’s goal to strengthen its position as North America’s most efficient railroad.
CSX Corp. (NASDAQ: CSX) will announce its second-quarter financial results on July 22, 2020, after market close. The management team will host a conference call at 4:30 p.m. Eastern Time to discuss these results. Interested participants can join by dialing 1-833-968-2260 for U.S. callers or 1-778-560-2704 for international callers. CSX offers various transportation services crucial for various markets, linking significant metropolitan areas and ports across the eastern United States. More details are available on their investor relations website.
CSX Corp. announced the retirement of Ed Harris, executive vice president, effective August 1, 2020. CEO Jim Foote expressed gratitude for Harris's significant contributions during a transformative period for the company. Harris reflected on his rewarding experience at CSX, where he contributed to successful transformations. Post-retirement, the Safety and Facilities groups he managed will transition to Jamie Boychuk, the current executive vice president of Operations. CSX remains a key player in the eastern U.S. transportation sector, providing essential rail and intermodal services across various markets.
CSX's Pride in Service initiative has received the 2020 Gold Halo Award from Engage for Good, recognizing its commitment to military and first responder support. Launched in 2018, the initiative has engaged employees across 23 states, contributing nearly 5,000 volunteer hours and reaching 85,000 individuals. Despite COVID-19, CSX adapted with virtual volunteering and donations to frontline workers. This accolade reflects CSX's dedication to social impact and employee engagement, demonstrating effective collaboration for meaningful returns.
CSX Corp. (NASDAQ: CSX) announced that Executive Vice President Sales & Marketing Mark Wallace will present at the 2020 Wolfe Research Global Transportation & Industrials Conference on May 20 at 8:30 a.m. Eastern time. The presentation will be available via live webcast and can be replayed later. CSX is a leading transportation firm offering rail and intermodal services across various markets, playing a vital role in the economic growth of the eastern U.S. Its extensive network connects major cities, short-line railroads, and numerous ports.
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