Csx Corp Stock Price, News & Analysis

CSX Corp. (NASDAQ: CSX) will participate in the Baird 51^st Annual Global Industrial Conference on November 11 at 10:50 am ET, where CEO James M. Foote will deliver remarks. The event will be available via live webcast, and a replay will be accessible afterward. CSX, based in Jacksonville, Florida, is a leading transportation company offering rail and intermodal services, contributing significantly to U.S. economic expansion and connecting major metropolitan areas with critical markets.

CSX Corp. reported a robust third quarter for 2021, achieving net earnings of $968 million ($0.43 per share) compared to $736 million ($0.32 per share) in 2020. This performance was fueled by a 24% increase in revenue to $3.29 billion, attributed to growth across all business lines and the inclusion of Quality Carriers. The operating ratio improved to 56.4% from 56.9%, indicating enhanced efficiency. Operating income also rose by 26% to $1.44 billion.

The Board of Directors of CSX Corporation has approved a quarterly dividend of $0.093 per share on its common stock. This dividend is payable on December 15, 2021, to shareholders of record by November 30, 2021. This approval follows a three-for-one stock split that occurred on June 28, 2021, which adjusted the previous dividend amount of $0.28 per share. CSX, based in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets.

CSX Corp. (NASDAQ: CSX) will announce its third quarter financial results on October 20, 2021, after market close. The management will host a conference call at 4:30 p.m. ET to discuss these results. Interested participants can join the call by dialing provided numbers. CSX, based in Jacksonville, Florida, is a major transportation company offering rail services across various sectors, significantly contributing to the economy. More details will be available on their investor relations website.

CSX participates in Rail Safety Week from September 20-26, 2021, in collaboration with Operation Lifesaver and others to promote rail safety awareness. With 95% of railroad fatalities stemming from preventable crossing collisions and trespassing, CSX emphasizes the importance of public education. The company employs community outreach and social media to reduce grade crossing incidents across its 23-state network. CSX's long-standing partnership with Operation Lifesaver focuses on providing free rail safety education and specialized training for law enforcement and first responders.

CSX Corp. (NASDAQ: CSX) CEO James M. Foote will speak at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 9:45 a.m. ET. The conference will be accessible via a live webcast on CSX's investor relations website, with a replay available post-event. CSX is a leading transportation company based in Jacksonville, Florida, offering rail, intermodal, and rail-to-truck transload services across various market sectors. The company plays a vital role in the economic development of the Eastern U.S.

CSX Corp. (NASDAQ: CSX) is gaining increasing support for its proposed merger with Pan Am Railways, with over 100 supportive comments submitted to the Surface Transportation Board. Notable endorsements include U.S. Senators from Maine, Angus King and Susan Collins, highlighting the merger's potential benefits for passenger rail service and local businesses. The merger is expected to enhance rail safety, improve freight capacity, and reduce environmental impacts by shifting truck traffic to rail. Key stakeholders like the Connecticut Department of Transportation have also expressed their support.