Csx Corp Stock Price, News & Analysis

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.

CSX Corp. has declared a quarterly dividend of $0.26 per share on its common stock, payable on September 15, 2020. Shareholders of record as of August 31, 2020 will receive this dividend, reflecting the company’s ongoing commitment to returning value to its investors. CSX is a leading transportation company based in Jacksonville, Florida, connecting metropolitan areas and facilitating key markets in the U.S. With nearly 200 years in operation, CSX continues to play a significant role in the economy.

CSX Corp. announces the immediate appointment of James L. Wainscott to its board of directors. Wainscott brings extensive experience as the former chairman and CEO of AK Steel, where he led the company through significant growth. His background in key industrial markets is expected to enhance CSX's leadership and strategy in the transportation sector. Wainscott, who holds an MBA from the University of Notre Dame, will also serve on the company’s finance committee, aligning with CSX’s goal to strengthen its position as North America’s most efficient railroad.

CSX Corp. (NASDAQ: CSX) will announce its second-quarter financial results on July 22, 2020, after market close. The management team will host a conference call at 4:30 p.m. Eastern Time to discuss these results. Interested participants can join by dialing 1-833-968-2260 for U.S. callers or 1-778-560-2704 for international callers. CSX offers various transportation services crucial for various markets, linking significant metropolitan areas and ports across the eastern United States. More details are available on their investor relations website.

CSX Corp. announced the retirement of Ed Harris, executive vice president, effective August 1, 2020. CEO Jim Foote expressed gratitude for Harris's significant contributions during a transformative period for the company. Harris reflected on his rewarding experience at CSX, where he contributed to successful transformations. Post-retirement, the Safety and Facilities groups he managed will transition to Jamie Boychuk, the current executive vice president of Operations. CSX remains a key player in the eastern U.S. transportation sector, providing essential rail and intermodal services across various markets.

CSX's Pride in Service initiative has received the 2020 Gold Halo Award from Engage for Good, recognizing its commitment to military and first responder support. Launched in 2018, the initiative has engaged employees across 23 states, contributing nearly 5,000 volunteer hours and reaching 85,000 individuals. Despite COVID-19, CSX adapted with virtual volunteering and donations to frontline workers. This accolade reflects CSX's dedication to social impact and employee engagement, demonstrating effective collaboration for meaningful returns.

CSX Corp. (NASDAQ: CSX) announced that Executive Vice President Sales & Marketing Mark Wallace will present at the 2020 Wolfe Research Global Transportation & Industrials Conference on May 20 at 8:30 a.m. Eastern time. The presentation will be available via live webcast and can be replayed later. CSX is a leading transportation firm offering rail and intermodal services across various markets, playing a vital role in the economic growth of the eastern U.S. Its extensive network connects major cities, short-line railroads, and numerous ports.

The board of directors of CSX Corp. has announced a quarterly dividend of $0.26 per share, payable on June 15, 2020, to shareholders of record as of May 29, 2020. This decision reflects the company's ongoing commitment to return value to shareholders. CSX operates a robust transportation network, connecting major metropolitan areas in the eastern U.S. and facilitating the movement of goods across various sectors, including energy and agriculture. More details can be found on the company's investor relations website.