CSX Corporation's (CSX) efforts to reward its shareholders are promising, buoyed by positive coal revenues and improved liquidity, indicating further positive momentum. However, CSX is grappling with difficulties in its intermodal operations and burdensome operating costs, posing significant obstacles to its success.Factors Favoring CSXHigher export coal volumes, domestic intermodal shipments and growth in other segments, along with pricing gains, are boosting CSX's top line. Export coal strength drove a 3% ...

It has been about a month since the last earnings report for CSX (CSX) . Shares have added about 8.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CSX due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at CSX  in Q4CSX's fourth-quarter 2023 earnings ...

In a shareholder-friendly move, CSX Corporation (CSX) has announced a hike in its dividend payout. CSX’s board of directors has approved a dividend hike of 9.1%, thereby raising its quarterly cash dividend from 11 cents per share to 12 cents. The raised dividend will be paid out on Mar 15, 2024, to all its shareholders of record as of Feb 29. The move reflects CSX’s intention to utilize free cash to enhance its shareholders’ returns. CSX has been consistently making efforts to reward its shareholders throug ...

JACKSONVILLE, Fla., Feb. 15, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) Executive Vice President and Chief Commercial Officer, Kevin Boone, and Executive Vice President and Chief Operating Officer, Mike Cory, will address the Barclays Industrial Select Conference in Miami on Thursday, February 22, at 8:00 a.m. Eastern time.  This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additi ...

JACKSONVILLE, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced that the Company's Board of Directors approved a nine percent increase in its quarterly dividend, from $0.11 to $0.12 per share. The new $0.12 quarterly dividend is payable on March 15, 2024, to shareholders of record at the close of business on February 29, 2024. About CSX and its Disclosures CSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transloa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (☒) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR (☐) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) Virginia 62-1051971 (State or other jurisdic ...

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corp. (NYSE: WAB) and CSX Corp. (NASDAQ: CSX) signed a deal for over 200 locomotive modernizations featuring a suite of digital solutions, innovations, and services. The agreement will transform the remaining AC4400 locomotives in CSX’s fleet providing improved fuel efficiency, reliability, utilization, and tractive effort. “This modernization order is part of our commitment to deliver excellence for our customers, shareholders, employees, and communities,” said Mike C ...

JACKSONVILLE, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) has reached agreements with four additional groups of railroad workers to provide paid sick leave benefits, demonstrating the company's ongoing commitment to enhancing the work experience for its employees. The unions include SMART-TD Conductors/Trainmen (C&O), SMART-TD Yardmasters, International Brotherhood of Boilermakers, and Carrolton Road-Transportation Communications Union-represented Engineers/Yardmen/Maintenance of Way employees. ...

ORLANDO, FLORIDA, UNITED STATES - 2022/09/14: A CSX locomotive is seen in Orlando. A pay dispute ... [+] between rail workers and unions threatens a nationwide freight rail strike as early as September 16, 2022. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCSX (NYSE: CSX) reported its Q4 results last week, with revenues and earnings slightly above the street estimates. However, we believe that CSX CSX stock is appropriately priced, as discussed bel ...

coldsnowstorm/E+ via Getty Images Summary This post is to provide an update on my thoughts on CSX Corps (NASDAQ:CSX) business and stock. I recommend a buy rating for CSX, as I like the business's strong moat and resilience. While volume appeared to remain weak in January, suggesting that 4Q23 weakness has followed through to 2024, I believe January weakness was due to the weather, and we should see sequential improvements through the year. Margins should also continue to improve from here as CSX sees pr ...