Csx Corp Stock Price, News & Analysis

CSX Corp. CEO James M. Foote will speak at the J.P. Morgan Industrials Conference on March 16, 2021, at 9:40 a.m. Eastern time. The event will be accessible via a live webcast on the company's investor relations website.

CSX is a leading transportation company providing rail and intermodal services across various sectors including energy and agriculture. The company has a significant role in connecting major U.S. metropolitan areas, benefiting economic expansion.

CSX Corp. has announced an 8% increase in its quarterly dividend, raising it from $0.26 to $0.28 per share. This updated dividend will be payable on March 15, 2021, to shareholders recorded by the market close on February 26, 2021. CSX continues to provide vital transportation services, playing a critical role in the U.S. economy with its extensive rail network that connects major metropolitan areas and rural regions.

On February 10, 2021, CSX Corp. announced that CFO Kevin Boone will speak at the Barclays Industrial Select Conference on February 17 at 9:30 a.m. ET. The event will be available via live webcast on the company's investor relations website, with a replay accessible afterward. CSX is a leading transportation company providing rail and intermodal services across various sectors, significantly contributing to the U.S. economy.

CSX Corp. reported fourth-quarter 2020 net earnings of $760 million, or $0.99 per share, which included a $48 million charge due to early debt retirement. The company achieved a record operating ratio of 57.0%, an improvement from 60.0% a year prior. Despite a 2% drop in revenue to $2.83 billion, expenses fell 7% to $1.61 billion. Operating income rose by 5% to $1.22 billion. CSX's efforts during the COVID-19 pandemic were commendable, prioritizing customer service and efficient operations.

CSX Corp. is set to release its fourth-quarter financial results after market close on January 21, 2021. A conference call will follow at 4:30 p.m. Eastern Time, allowing participants to dial in for live updates. CSX is a leading transportation company, providing vital rail and intermodal services across the eastern U.S., significantly contributing to economic and industrial development. For further insights, the webcast and presentation materials will be accessible on the company's investor relations website.

CSX has received an impressive A rating from CDP for its leadership in corporate sustainability, marking the eighth consecutive year of achieving 'Leadership' status. The company improved to the 'A List' this year, ranking in the top 5% globally among 5,800 companies evaluated for climate change efforts. This recognition underscores CSX's commitment to reducing emissions and enhancing corporate transparency, aligning with its overall business strategy.

CSX Corp. has signed a definitive agreement to acquire New England’s Pan Am Railways, enhancing its regional network. Pan Am operates a nearly 1,200-mile rail network and will expand CSX’s reach in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. This acquisition aims to create efficiencies and market opportunities for customers, integrating Pan Am into CSX's existing operations. Financial terms of the deal remain undisclosed and are subject to regulatory approval. The acquisition is expected to benefit shippers and local communities significantly.

CSX Corp. (NASDAQ: CSX) will have its CFO, Kevin Boone, speak at the Credit Suisse 8th Annual Industrials Conference on December 3 at 10:50 a.m. ET. The address will be available via live webcast and can be replayed afterward. CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets. With nearly 200 years of service, CSX connects major metropolitan areas in the eastern U.S. and supports economic growth through its extensive rail network.