Csx Corp Stock Price, News & Analysis

CSX Corp. (NASDAQ: CSX) will be represented by Executive VP and CFO Sean Pelkey at the 2022 Baird Global Industrial Conference in Chicago on November 9 at 10:40 ET. The event will be accessible to the public via a live webcast, with a replay available afterward on the company’s investor relations website. CSX is a leading transportation company based in Jacksonville, providing rail, intermodal, and logistics solutions to diverse markets across the eastern U.S., crucial for national economic growth.

CSX Corp. announced strong financial results for Q3 2022, reporting an operating income of $1.58 billion, up 10% year-over-year, and net earnings of $1.11 billion or $0.52 per share, a 21% increase from the previous year. Revenue also surged 18% to $3.90 billion, driven by higher fuel surcharges and a modest increase in volumes. However, the operating ratio rose to 59.5% due to expenses related to union agreements.

CSX Corp. (NASDAQ: CSX) has declared a $0.10 per share quarterly dividend, set for payment on December 15, 2022. Shareholders of record by November 30, 2022 will be eligible for this dividend. This decision underscores the company's financial stability and commitment to returning value to shareholders.

CSX Corp. (NASDAQ: CSX) is set to release its third quarter financial results on October 20, 2022, after market close. A conference call and live webcast will follow at 4:30 PM ET, where management will discuss the results. Interested participants can join the call by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), with passcode 3368220. Presentation materials and webcast access will be available on the company's investor relations website, enhancing transparency and stakeholder engagement.

CSX Corp. is partnering with Operation Lifesaver for the sixth annual Rail Safety Week from September 19-25. The initiative aims to educate the public on safe behavior around trains to reduce incidents. CSX will collaborate with various organizations to raise awareness through events and digital campaigns. Each day of the week will focus on specific safety themes, with CSX police engaging in educational activities. A new commemorative locomotive, CSXT 4568, has been unveiled to promote safety messages across its network.

CSX Corp. announced the appointment of Joseph R. Hinrichs as the new President and CEO, effective September 26, 2022. He succeeds James M. Foote, who will transition to an advisory role until March 31, 2023. With over 30 years of experience, Hinrichs previously led Ford Motor Company's global automotive operations, managing $160 billion in automotive revenue. The board believes his operational excellence and focus on safety will guide CSX in its growth and transformation strategy.

CSX Corp. (NASDAQ: CSX) CEO James M. Foote will present at the Cowen 15th Annual Global Transportation and Sustainable Mobility Conference on September 7 at 10 a.m. EST. The event will be streamed live on the company's investor relations website, with a replay available afterwards. CSX, based in Jacksonville, Florida, offers a range of transportation services, connecting major metropolitan areas in the eastern U.S. and facilitating economic growth through its extensive rail network.

CSX Corp. (NASDAQ: CSX) announced that executive vice president of sales & marketing, Kevin Boone, will speak at the Deutsche Bank 2022 Transportation Conference on August 17 at 9:00 a.m. EST. The event will be available via live webcast, and a replay will follow. CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets. For nearly 200 years, CSX has significantly contributed to the economic growth of the eastern United States.