Csx Corp Stock Price, News & Analysis

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers (IBB). The agreement, pending ratification by 59 IBB members at CSX, includes improvements in wages, healthcare, and paid time off benefits.

This marks CSX's 11th successful labor union agreement, covering 14 different work groups and representing 47% of its unionized workforce. CEO Joe Hinrichs emphasized the company's commitment to employee empowerment, safety, respect, and excellence as part of their ONE CSX initiative to enhance customer service.

CSX (NASDAQ: CSX) has reached a new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen (BRS), covering 1,215 signalmen. The agreement, announced on March 25, 2025, includes improvements in wages, healthcare, and paid time off benefits.

This marks a significant milestone as CSX has now ratified agreements with 11 labor unions, encompassing 14 different work groups, representing 47% of its unionized workforce. The agreement with BRS aligns with previously established terms across other union agreements, demonstrating CSX's commitment to maintaining consistent benefits packages across its workforce.

The tentative agreement is pending ratification by the BRS membership at CSX. The company continues to engage with remaining unions to secure similar agreements, focusing on workplace improvements and operational excellence.

CSX Corp (NASDAQ: CSX) has scheduled its first quarter 2025 financial and operating results announcement for Wednesday, April 16, 2025, after market close. The company will host a conference call and live webcast at 4:30 p.m. Eastern Time on the same day.

Investors can join via teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), using passcode 3368220. Participants are advised to dial in 10 minutes before the call. Presentation materials and webcast access will be available at investors.csx.com, where a replay will be archived after the event.

CSX Corp (NASDAQ: CSX) announced that Executive Vice President and Chief Financial Officer Sean Pelkey will present at the 2025 JP Morgan Industrials Conference in New York. The presentation is scheduled for Tuesday, March 11, at 7:30 a.m. Eastern time.

The event will be accessible through a live webcast on the company's investor relations website. A replay of the presentation will be made available after the event concludes. Additional financial information can be found on CSX's investor relations website.

CSX (NASDAQ: CSX) has announced the ratification of a five-year collective bargaining agreement with The International Association of Machinists & Aerospace Workers (IAM). This marks a significant milestone in CSX's labor relations, bringing the total number of ratified agreements to 11 unions covering 14 work groups, representing 47% of CSX's unionized workforce.

The agreement includes comprehensive benefits packages featuring improved wages, healthcare, and paid time off benefits. CEO Joe Hinrichs emphasized this ratification as evidence of strong partnership with union leadership, highlighting the company's commitment to employee value and workplace respect.

CSX continues to engage with remaining unions to establish similar agreements, focusing on workplace improvements and maintaining their ONE CSX initiative for enhanced safety, efficiency, and service delivery for sustained growth.

CSX (NASDAQ: CSX) has announced an 8% increase in its quarterly dividend payment. The company's Board of Directors has approved raising the dividend from $0.12 to $0.13 per share. The enhanced dividend will be paid on March 14, 2025, to shareholders who are on record as of February 28, 2025.

CSX Corp. (NASDAQ: CSX) announced that Executive Vice President and CEO Joe Hinrichs, along with Executive Vice President and CFO Sean Pelkey, will be speaking at the 42nd Annual Barclays Industrial Select Conference in Miami Beach. The presentation is scheduled for Wednesday, February 19, at 8:40 a.m. ET.

The event will be accessible through a live webcast on the company's investor relations website. A replay of the presentation will be made available after the event concludes. Additional financial information can be found on CSX's investor website.

CSX has announced the appointment of Ann Begeman to its board of directors. Begeman brings over three decades of public service experience, primarily in transportation policy within legislative and executive branches. She served as a two-term presidential appointee on the Surface Transportation Board (STB) from 2011 to 2021, holding positions as Chairman and Acting Chairman from 2017 to 2021.

During her STB tenure, Begeman improved accountability, transparency, and efficiency. She played a important role in developing the ICC Termination Act, which established the STB. Since 2022, she has worked as a consultant on railroad regulatory and government affairs. Her previous experience includes nearly two decades in the U.S. Senate, serving as Republican Staff Director for the Senate Committee on Commerce, Science, and Transportation, and as Legislative Director for Senator John McCain.

CSX Corp reported a decline in fourth quarter 2024 performance, with operating income falling to $1.11 billion from $1.32 billion year-over-year. The quarter included a $108 million pre-tax goodwill impairment charge. Net income decreased to $733 million ($0.38 per share) from $882 million ($0.45 per share) in Q4 2023.

For full-year 2024, operating income declined 5% to $5.25 billion, with net income of $3.47 billion ($1.79 per share) compared to $3.67 billion ($1.82 per share) in 2023. Quarterly revenue decreased 4% to $3.54 billion, while full-year revenue fell 1% to $14.54 billion. Total volume increased 1% to 1.58 million units in Q4. The company faced challenges from major hurricanes and the Key Bridge outage early in the year.