Csx Corp Stock Price, News & Analysis

CSX has announced that the Central South Carolina Megasite in Lugoff, SC, is now a CSX Select Site, enhancing its appeal for industrial investment. This designation indicates that the site is development-ready, having completed necessary due diligence for manufacturers, thus expediting facility construction. Located near an interstate and a railroad, the 1,426-acre site aims to attract significant projects, creating new jobs and investments. This marks the third site in SC recognized as a CSX Select Site, part of a broader initiative to support industrial growth along the CSX network.

CSX Corp. (NASDAQ: CSX) will announce its fourth quarter financial and operational results on January 25, 2023, after market close. The announcement will be followed by a live conference call at 4:30 p.m. ET. Participants can join via teleconference by calling 1-888-510-2008 (U.S.) or 1-646-960-0306 (international). The passcode is 3368220. Presentation materials and a webcast will be available on the company’s investor relations website, with a replay archived following the call.

Quality Carriers, a subsidiary of CSX, has been recognized as a 2022 Top Company for Women to Work For in Transportation by Women in Trucking. This accolade reflects the company's commitment to fostering an inclusive culture that values the contributions of women in various roles, from drivers to leadership. The recognition was announced during the Accelerate conference in Dallas, Texas. Quality Carriers aims to continue promoting diversity, equity, and inclusion within the transportation industry.

CSX Corp. will have its executive vice president of sales & marketing, Kevin Boone, speak at the Stephens Annual Investment Conference on November 15 at 10 a.m. Eastern time. This address will be live-streamed and available for replay. CSX is a leading transportation company based in Jacksonville, Florida, offering rail and intermodal services across various markets. The company has played an essential role in the economic growth of the U.S. for nearly 200 years, connecting key metropolitan areas and ports.

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.