Csx Corp Stock Price, News & Analysis

CSX Corp. (NASDAQ: CSX) reported strong third quarter 2024 results, with operating income rising to $1.35 billion, up 7% from the previous year. Net earnings increased to $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per share, in Q3 2023. Total volume grew by 3% to 1.59 million units. Revenue reached $3.62 billion, a 1% year-over-year increase, driven by growth in merchandise and intermodal volume, and merchandise pricing gains. These gains were partially offset by declines in coal revenue and fuel surcharges. The company's operating margin improved to 37.4%, an increase of 180 basis points from the previous year.

CSX Corp. (NASDAQ: CSX) has announced plans to webcast its 2024 Investor Day on Thursday, November 7, 2024. The event will feature presentations from CSX's leadership team, highlighting how the company is utilizing ONE CSX to implement their proven model and build momentum for profitable growth.

The webcast is scheduled to begin at 8 a.m. ET and will conclude around 11:30 a.m. ET. Interested parties can register for the event through a provided link. Additional information about the Investor Day will be available on the company's investor relations website. Following the live presentation, a replay of the webcast will be archived on CSX's website for future reference.

CSX (NASDAQ: CSX) has announced a quarterly dividend of $0.12 per share on its common stock. The dividend was approved by the company's Board of Directors and will be payable on December 13, 2024. Shareholders of record at the close of business on November 29, 2024, will be eligible to receive the dividend. This announcement demonstrates CSX's commitment to returning value to its shareholders through regular dividend payments.

CSX (NASDAQ: CSX) has announced the date for its third quarter earnings release and earnings call. The company will release its financial and operating results on Wednesday, October 16, 2024, after the market close. This will be followed by a conference call and live webcast at 4:30 p.m. Eastern Time.

Interested participants can join via teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (outside U.S.), using the passcode 3368220. Presentation materials and webcast access will be available on the company's investor relations website. A webcast replay will be archived on the site following the earnings call.

CSX Corp. (NASDAQ: CSX) is partnering with Operation Lifesaver, Inc. (OLI) to observe See Tracks? Think Train!® Week from Sept. 23-29, 2024. This national public-safety campaign aims to educate people about rail safety and prevent accidents around trains and tracks. CSX emphasizes that safety is core to their culture and essential for efficient train operations.

In 2023, over 2,100 people in the U.S. were injured or killed in railroad crossing collisions or trespass incidents. CSX's goal is zero accidents, and they're committed to working with Operation Lifesaver to inform employees, families, and communities about railroad safety. During the week, CSX's Incident Reduction Team will conduct education and enforcement activities across their network to reduce rail-related incidents.

CSX Corp. (NASDAQ: CSX) has announced that its President and CEO, Joe Hinrichs, will be addressing the 12th Annual Morgan Stanley Laguna Conference in California on Thursday, September 12, at 9:20 a.m. Pacific time. The address will be broadcast live via webcast on the company's investor relations website, with a replay available after the event. This announcement, along with additional financial information, can be accessed on CSX's investor relations website.

CSX (NASDAQ: CSX) has announced new five-year tentative collective bargaining agreements with the International Brotherhood of Boilermakers (IBB) and the Transportation Communications Union (TCU). These agreements, pending ratification, were reached over four months before the current contracts become amendable. CSX has now secured proactive agreements with 11 labor unions, covering 15 work groups and more than 50% of its unionized workforce. The agreements offer improved wages, healthcare, and paid time off benefits. CSX's CEO, Joe Hinrichs, emphasized the importance of these agreements in creating a foundation where employees feel valued and empowered, recognizing their critical role in delivering on customer and community commitments.

CSX (NASDAQ: CSX) has announced new tentative five-year collective bargaining agreements with seven additional labor unions, covering various employee groups including maintenance, machinists, yardmasters, and supervisors. These agreements, pending ratification, were reached more than four months before the current contracts become amendable. CSX has now secured 12 separate tentative agreements, covering over 50% of its union employees.

The agreements provide improved wages, health care, and paid time off benefits. CSX President and CEO Joe Hinrichs emphasized the company's commitment to collaboration with union partners and building a future that benefits employees, customers, and communities. CSX aims to reach similar agreements with other unions in the coming days.

CSX (NASDAQ: CSX) has reached early five-year tentative agreements with two additional labor unions: the SMART-MD and ATDA. These deals, secured over four months ahead of schedule, aim to improve wages and benefits for railway workers. CSX CEO Joe Hinrichs emphasized the company's commitment to enhancing the work environment and employee well-being. The agreements, subject to union membership ratification, align with terms recently reached with other unions. CSX continues to work towards timely agreements with remaining labor partners, focusing on improving safety, service, and efficiency across the organization.