Csx Corp Stock Price, News & Analysis

CSX (NASDAQ: CSX) has announced the addition of 18 rail-served properties across 12 states to its Select Site program. The properties have received gold, silver, or bronze ratings based on comprehensive site evaluations. The company collaborated with over 29 communities to identify prime candidates for the program, which aims to connect expanding companies with rail-served properties.

The designated sites include three Gold Level locations in Massachusetts and Alabama, seven Silver Level sites across Florida, Georgia, Virginia, and Alabama, and ten Bronze Level properties spanning multiple states. Four existing Select Sites from 2024 have been upgraded to higher designations, demonstrating improved site readiness.

According to Kellen Riley, CSX Senior Director of Industrial Development, these Select Sites represent significant economic growth opportunities, with completed due diligence to facilitate faster manufacturer investment and job creation in local communities.

CSX Corp. (NASDAQ: CSX) reported declining financial results for Q1 2025, with operating income falling to $1.04 billion from $1.34 billion year-over-year. Net income decreased to $646 million ($0.34 per diluted share) from $880 million ($0.45 per diluted share) in Q1 2024.

Total volume declined 1% to 1.52 million units, while revenue dropped 7% to $3.42 billion. The revenue decrease was attributed to lower coal revenue, reduced fuel surcharge, and decreased merchandise volume, partially offset by higher merchandise pricing and intermodal volume growth.

CEO Joe Hinrichs acknowledged operational challenges and network constraints from two major infrastructure projects, stating the company is implementing targeted actions to improve performance amid uncertain market conditions.

CSX (NASDAQ: CSX) has awarded its 31st Annual Chemical Safety Excellence Award to 62 customers for their outstanding performance in safely transporting hazardous materials during 2024. The recipients collectively shipped 164,438 carloads without any non-accidental releases of regulated substances.

To qualify for this recognition, customers must transport a minimum of 600 carloads of hazardous materials annually with zero safety incidents. Citgo Petroleum and Westlake received special recognition for achieving five consecutive years of accident-free shipments.

According to Kevin Boone, executive vice president and chief commercial officer, this achievement highlights the company's commitment to safety and strong partnerships in reducing risks. The award demonstrates rail transportation's position as the safest land-based method for transporting hazardous chemicals, while emphasizing CSX's dedication to protecting employees, communities, and the environment.

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers (IBB). The agreement, pending ratification by 59 IBB members at CSX, includes improvements in wages, healthcare, and paid time off benefits.

This marks CSX's 11th successful labor union agreement, covering 14 different work groups and representing 47% of its unionized workforce. CEO Joe Hinrichs emphasized the company's commitment to employee empowerment, safety, respect, and excellence as part of their ONE CSX initiative to enhance customer service.

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS), covering 1,215 signalmen. The agreement, announced on March 25, 2025, includes improvements in wages, healthcare, and paid time off benefits.

This marks a significant milestone as CSX has now ratified agreements with 11 labor unions, encompassing 14 different work groups, representing 47% of its unionized workforce. The agreement with BRS aligns with previously established terms across other union agreements, demonstrating CSX's commitment to maintaining consistent benefits packages across its workforce.

The tentative agreement is pending ratification by the BRS membership at CSX. The company continues to engage with remaining unions to secure similar agreements, focusing on workplace improvements and operational excellence.

CSX Corp (NASDAQ: CSX) has scheduled its first quarter 2025 financial and operating results announcement for Wednesday, April 16, 2025, after market close. The company will host a conference call and live webcast at 4:30 p.m. Eastern Time on the same day.

Investors can join via teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), using passcode 3368220. Participants are advised to dial in 10 minutes before the call. Presentation materials and webcast access will be available at investors.csx.com, where a replay will be archived after the event.

CSX Corp (NASDAQ: CSX) announced that Executive Vice President and Chief Financial Officer Sean Pelkey will present at the 2025 JP Morgan Industrials Conference in New York. The presentation is scheduled for Tuesday, March 11, at 7:30 a.m. Eastern time.

The event will be accessible through a live webcast on the company's investor relations website. A replay of the presentation will be made available after the event concludes. Additional financial information can be found on CSX's investor relations website.

CSX (NASDAQ: CSX) has announced the ratification of a five-year collective bargaining agreement with The International Association of Machinists & Aerospace Workers (IAM). This marks a significant milestone in CSX's labor relations, bringing the total number of ratified agreements to 11 unions covering 14 work groups, representing 47% of CSX's unionized workforce.

The agreement includes comprehensive benefits packages featuring improved wages, healthcare, and paid time off benefits. CEO Joe Hinrichs emphasized this ratification as evidence of strong partnership with union leadership, highlighting the company's commitment to employee value and workplace respect.

CSX continues to engage with remaining unions to establish similar agreements, focusing on workplace improvements and maintaining their ONE CSX initiative for enhanced safety, efficiency, and service delivery for sustained growth.

CSX (NASDAQ: CSX) has announced an 8% increase in its quarterly dividend payment. The company's Board of Directors has approved raising the dividend from $0.12 to $0.13 per share. The enhanced dividend will be paid on March 14, 2025, to shareholders who are on record as of February 28, 2025.