Csx Corp Stock Price, News & Analysis

CSX Corp. (NASDAQ: CSX) announced it received notice of an unsolicited mini-tender offer from TRC Capital Investment Corporation to acquire up to four million shares at $34.75 each, which is 4.43% below the stock's closing price of $36.34 on March 18, 2022. CSX does not endorse this offer and advises shareholders not to tender their shares, as the offer price is below market value and subject to certain conditions. The expiration of the offer is set for April 20, 2022, at 12:01 a.m. New York City time.

CSX Corp. (NASDAQ: CSX) will announce its first quarter financial results on April 20, 2022, after market close. The results will be followed by a conference call at 4:30 p.m. ET, where management will discuss the earnings. Interested parties can join the call by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), using passcode 3368220. Presentation materials will be accessible via the company's investor website, where a replay of the webcast will also be available.

CSX Corp. (NASDAQ: CSX) President and CEO, James M. Foote, will speak at the 2022 JP Morgan Industrials Conference on March 16 at 8:00 am ET. The event will be streamed live via webcast, and a replay will be available afterwards. CSX, headquartered in Jacksonville, Florida, specializes in rail, intermodal, and rail-to-truck services across various industries, significantly contributing to the U.S. economy. The company connects major metropolitan areas in the eastern U.S., facilitating commerce through a vast transportation network.

CSX Corp. (NASDAQ: CSX) has announced a 7% increase in its quarterly dividend, raising it from $0.093 to $0.10 per share. This new dividend will be payable on March 15, 2022 to shareholders who are on record by the close of business on February 28, 2022. CSX, based in Jacksonville, Florida, operates as a leading transportation company, providing services in rail, intermodal, and rail-to-truck transload solutions.

CSX Corp. (NASDAQ: CSX) announced that Kevin Boone, Executive Vice President of Sales & Marketing, will speak at the 2022 Barclays Industrial Select Conference in Miami on February 23 at 9:10 am Eastern Time. The address will be available via a live webcast on the company's investor relations website, with a replay available afterward. CSX is a leading transportation company providing various rail and logistical services across multiple sectors, contributing significantly to the U.S. economy through its extensive network connecting major metropolitan areas.

Loadsmart has successfully closed a $200 million Series D financing round led by the SoftBank Latin America Fund, valuing the company at $1.3 billion. This marks a significant increase from its Series C valuation. Loadsmart is revolutionizing freight logistics with innovative technology that enhances pricing, booking, and shipping efficiency. The company has expanded its services beyond full truckload shipments, now involving multimodal solutions. Notably, Loadsmart achieved a 134% year-over-year revenue growth in 2021, driven by increased demand and technological advancements.

CSX Corp. has appointed Sean R. Pelkey as the new executive vice president and CFO effective immediately. His experience includes serving as vice president and acting CFO, with a strong background in finance and capital management since joining the company in 2005. James M. Foote, CEO, emphasized Sean's critical contributions during CSX's transformation, which has enhanced stakeholder value. CSX continues to provide vital transportation services across various markets in the eastern United States.

CSX Corp. reported fourth quarter 2021 net earnings of $934 million, or $0.42 per share, a significant increase from $760 million or $0.33 per share in the same quarter of 2020. Revenue rose 21% to $3.43 billion, driven by growth in all major business lines, including contributions from Quality Carriers. However, the operating ratio worsened to 60.1% from 57.0% a year ago. CSX is committed to enhancing service quality and capacity amid ongoing supply chain challenges.

CSX Corp. (NASDAQ: CSX) plans to release its fourth quarter financial results after the market closes on January 20, 2022. Following the announcement, a conference call will be held at 4:30 p.m. ET, accessible by dialing 1-888-510-2008 for U.S. participants or 1-646-960-0306 for international callers. The call passcode is 3368220. Investors can access the presentation materials and listen to the webcast on the company's website. Founded nearly 200 years ago, CSX is a key transportation provider connecting major U.S. metropolitan areas, supporting economic growth.