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 's Board of Directors has declared a quarterly dividend of $0.12 per share on common stock. This dividend will be payable on September 13, 2024, to shareholders who are on record as of August 30, 2024. This decision reflects the company's commitment to returning value to its shareholders through regular dividend payments.
CSX (NASDAQ: CSX) will announce its second-quarter financial and operating results on August 5, 2024, after the market close. The earnings call will take place at 4:30 p.m. ET the same day, hosted by the company’s management team. This release includes a review of the capitalization of prior period engineering materials and labor, which will not affect free cash flow past or future. Excluding this review, CSX expects to improve both operating income and operating margin sequentially in the second quarter. Participants can join the teleconference by dialing specific numbers provided or access the live webcast and presentation materials on the CSX investor website.
CSX (NASDAQ: CSX) has been named one of America’s Climate Leaders 2024 by USA TODAY for the second consecutive year. The recognition highlights CSX's significant emissions intensity reductions between 2020 and 2022. CSX President and CEO Joe Hinrichs emphasized the company's commitment to sustainability, noting railroads' fuel efficiency in land freight transportation. USA TODAY, in collaboration with Statista, evaluated 2,000 companies with 2022 revenues of at least $50 million based on their emissions reductions. CSX aims for a 37.3% reduction in greenhouse gas intensity by 2030, leveraging advanced locomotive technologies and alternative fuels. CSX has also been named to the Forbes Net Zero Leaders list and the Dow Jones North America Sustainability Index for 13 consecutive years.
CSX Corp. (NASDAQ: CSX) celebrated its 30th annual Chemical Safety Excellence Award by honoring 53 customers for their safe transportation of hazardous materials in 2023. The award, recognizing customers who shipped a minimum of 600 carloads without any non-accidental releases, underscores the importance of safety in rail transport. In 2023, the winners collectively shipped 144,640 carloads.
Cargill was highlighted for achieving 15 consecutive years of excellence, while five-year milestone winners included industry leaders like Arkema, BP, and Dow Chemical. CSX emphasized the critical role these partnerships play in enhancing safety for employees, the public, and the environment.
CSX received the 2024 Gold Halo Award for Best Employee Engagement Initiative for its collaboration with Wounded Warrior Project (WWP). The Drone Training Program, part of CSX's Pride in Service initiative, offers veterans training to become certified FAA drone pilots and hands-on experience at CSX rail yards. This program aims to equip veterans with transferable skills for future job opportunities. CSX has placed over a dozen veterans in jobs since the partnership began. The program addresses the rising demand for drone pilots, with an estimated 100,000 new jobs by 2025. Additionally, CSX won Silver for Best Direct Service Initiative, showcasing the alignment of social causes with business goals.
CSX Corp. (NASDAQ: CSX) announced that its Executive Vice President and Chief Financial Officer, Sean Pelkey, will speak at the 17th Annual Wolfe Research Global Transportation & Industrials Conference. The event will take place in New York on May 22, 2024, at 8:35 a.m. Eastern time. Pelkey's address will be broadcast live via a webcast, with a replay available afterward on the company's investor website.
CSX , listed on NASDAQ as CSX, declared a $0.12 per share quarterly dividend for common stock. The dividend will be paid on June 14, 2024, to shareholders of record on May 31, 2024.
CSX Corp. held its Annual Shareholders Meeting and announced the re-election of 11 director nominees and the appointment of Anne Chow to its board. Chow, a seasoned leader with a background at AT&T, brings expertise in customer service and technology. Her addition underscores CSX's commitment to growth and innovation. The PR emphasizes her strategic vision and industry accolades, highlighting her potential to drive profitable growth for the company.
CSX Corp.'s Executive Vice President and Chief Commercial Officer, Kevin Boone, is set to speak at the Bank of America Transportation, Airlines, and Industrials Conference in New York on May 14, 2024. The address will be broadcast live via webcast and a replay will be available. Investors can find more information on CSX's website.
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