Csx Corp Stock Price, News & Analysis

The Board of Directors of CSX Corp. (NASDAQ: CSX) has approved a quarterly dividend of $0.26 per share on its common stock. This dividend will be payable on December 15, 2020, to shareholders recorded by the close of business on November 30, 2020. CSX, based in Jacksonville, Florida, plays a vital role in the transportation industry, providing various rail and intermodal services across the eastern United States, impacting a broad range of markets.

CSX Corp. (NASDAQ: CSX) has appointed Lt. General (Ret.) Thomas Bostick to its board of directors, effective immediately. Bostick, who has 38 years of military experience as the Chief of Engineers for the U.S. Army, is expected to bring valuable insights for the company's growth. His previous roles include Chief Operating Officer at Intrexon and President of Intrexon Bioengineering. His educational background includes degrees from the U.S. Military Academy at West Point, Stanford University, and The George Washington University.

CSX Corp. (NASDAQ: CSX) will announce its third-quarter financial results on October 21, 2020, after market close. Management will host a conference call and webcast at 4:30 p.m. ET. Interested participants can join via teleconference by calling 1-866-324-3683 (1-509-844-0959 for international callers) using passcode 6621759. Presentation materials will be accessible on CSX's investor website. The company provides essential rail and intermodal services across critical U.S. markets, playing a key role in economic development.

CSX Corp. (NASDAQ: CSX) is participating in the fourth annual Rail Safety Week from September 21-27, 2020, in collaboration with Operation Lifesaver, Inc. (OLI). This initiative aims to enhance public safety near railroad tracks through virtual educational campaigns to mitigate the dangers of unsafe behaviors. CSX's chief of police, Sean Douris, emphasized the company's commitment to achieving zero accidents. Rail Safety Week will focus on various safety themes, promoting awareness about crossing safety and trespass prevention. The effort aims to reduce the over 2,100 annual train-related injuries or fatalities in North America.

CSX Corp. (NASDAQ: CSX) Chief Financial Officer Kevin Boone will present at the Morgan Stanley 8th Annual Laguna Conference on September 15 at 9:00 a.m. Eastern time. The presentation will be accessible via live webcast at http://investors.csx.com, with a replay available afterward. CSX is a leading transportation company providing extensive rail and intermodal services, significantly contributing to economic growth in the Eastern U.S. The firm connects major cities and ports, supporting diverse markets.

CSX Corp. (NASDAQ: CSX) will have its Executive VP of Sales & Marketing, Mark Wallace, speak at Cowen’s 13th Annual Global Transportation Conference on September 9 at 8:00 a.m. Eastern time. The event will be streamed live via webcast, and a replay will be accessible afterward. CSX is a leading transportation company, offering extensive rail and intermodal services across the eastern U.S. and has been vital to the nation's economic growth for nearly 200 years.

CSX published its 2019 ESG report, showcasing its commitment to sustainability in safety, environmental care, and governance. The report highlights record safety performance and early achievement of 2020 emissions reduction targets. Notably, CSX became the first U.S. Class 1 railroad to reach fuel efficiency of under one gallon per thousand gross ton miles. President James M. Foote emphasized the company’s transformation and its goal to be North America’s best-run railroad. The report sets the foundation for future sustainable growth.

CSX Corp. reported second quarter 2020 net earnings of $499 million ($0.65 per share), down from $870 million ($1.08 per share) last year. Revenue decreased 26% to $2.26 billion, primarily due to the COVID-19 pandemic. However, expenses dipped 19% to $1.43 billion, supporting operating income of $828 million, a 37% decline year-over-year. CSX acknowledges employee efforts during disruptions and will hold a conference call for detailed earnings discussion.