Welcome to our dedicated page for CSX Corporation news (Ticker: $CSX), a resource for investors and traders seeking the latest updates and insights on CSX Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CSX Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CSX Corporation's position in the market.
Rhea-AI Summary
Wabtec Corp. and CSX Corp. signed a deal for over 200 locomotive modernizations, enhancing fuel efficiency, reliability, and reducing carbon emissions. The agreement aims to improve operational performance and sustainability goals for CSX's fleet. Wabtec will provide innovative solutions to upgrade locomotives, leading to significant fuel savings and carbon reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
-
Rhea-AI Summary
CSX (NASDAQ: CSX) has expanded its paid sick leave benefits to four additional groups of railroad workers, covering over 600 employees. This initiative further solidifies the company's commitment to enhancing the work experience for its employees, making CSX the first U.S. Class I railroad to extend paid sick leave agreements to its contract workers. The agreements with various unions demonstrate CSX's ongoing efforts to provide a more inclusive and supportive work environment, with President and CEO Joe Hinrichs emphasizing the company's commitment to employee wellbeing and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
-
Rhea-AI Summary
CSX Corp. reported a decrease in operating income and net earnings for the fourth quarter and full year of 2023, with operating income down 8% and net earnings down 5% for the year. The company's total volume for the quarter was 1% higher compared to the previous year, with merchandise and coal volume up 3% each. However, revenue declined 1% year-over-year, and diluted EPS decreased 8% for the quarter and 5% for the full year. Despite the challenges, CSX's president and CEO expressed confidence in the company's performance and outlook for profitable growth in the coming year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
Rhea-AI Summary
CSX (NASDAQ: CSX) has been awarded the inaugural W.F. Thompson Award for Class I Operating Performance for 2023, recognizing the company's success in driving its growth strategy through strong operational execution. The award, presented by Loop Capital, highlights CSX's high train velocity, reduced terminal dwell, and consistent on-time delivery of customers' freight. CSX has continued to perform well in 2024, with a 5% improvement in average train velocity compared to the previous year. The company attributes its success to a robust operating model and the ONE CSX culture, aiming for excellence in safety, service, and efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
-
Rhea-AI Summary
CSX (NASDAQ: CSX) has been recognized as the top performer in intermodal service in a recent survey by the Journal of Commerce, outpacing its closest competitor by more than 14 percentage points. The rail company achieved a 99.8% on-time performance in 2023, and despite challenges in conversions from truck to rail, the average shipper saved 26% on contractual business and 17% on spot market business when choosing intermodal rail over long-haul trucking in the fourth quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary
In 2023, CSX prioritized public safety with a robust first responder training program that reached over 6,000 individuals in communities across its rail network. Over 60 sessions were held, covering hazardous materials handling and incident response tactics. The Responder Incident Training (RIT) train events hosted by CSX benefited 856 first responders and emergency response contractors. The company's dedication to public safety is further highlighted by its Community Affairs and Incident Reduction team, which provide rail safety education and actively promote Rail Safety Week.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
Rhea-AI Summary
CSX Corp. (CSX) to release Q4 financial and operating results on January 24, 2024. Conference call and webcast to follow. Investors can access presentation materials and webcast replay on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary
CSX Corporation (NASDAQ: CSX) to Chair B&O Railroad Museum's $30 Million Capital Campaign to Transform Campus for 200th Anniversary of American Railroading in 2027. CSX donates $5 million for 'CSX Bicentennial Garden' as the first corporate patron to pledge support for the campaign.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
-
Rhea-AI Summary
CSX Corp (NASDAQ: CSX) to have Executive VP and CFO, Sean Pelkey, speak at Stephens Annual Investment Conference in Nashville. The address will be broadcast live and a replay will be available. For more financial information, visit http://investors.csx.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
Rhea-AI Summary
CSX Corp. President and CEO, Joe Hinrichs, will speak at the 2023 Baird Global Industrial Conference in Chicago on November 8. The address will be broadcast live via webcast and a replay will be available. More information can be found on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
CSX Corporation
NYSE:CSX
CSX Rankings
CSX Stock Data
66.17B
1.95B
0.21%
78%
1.28%
Line-Haul Railroads
Transportation and Warehousing
United States of America
JACKSONVILLE
About CSX
csx corporation, together with its subsidiaries based in jacksonville, fla., is one of the nation's leading transportation suppliers. the company’s rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. overall, the csx transportation network encompasses about 21,000 route miles of track in 23 states, the district of columbia and the canadian provinces of ontario and quebec. our transportation network serves some of the largest population centers in the nation. nearly two-thirds of americans live within csx’s service territory. csx serves major markets in the eastern united states and has access to over 70 ocean, river and lake port terminals along the atlantic and gulf coasts, the mississippi river, the great lakes and the st. lawrence seaway. the company also has access to pacific ports through alliances with western railroads. csx moves a broad portfolio of products across