CSX Corp. (NASDAQ:CSX) Q4 2022 Results Conference Call January 25, 2023 4:30 PM ET Company Participants Joe Hinrichs - President and CEO Kevin Boone - EVP, Sales & Marketing Jamie Boychuk - EVP, Operations Sean Pelkey - EVP and CFO Conference Call Participants Amit Mehrotra - Deutsche Bank Justin Long - Stephens Brandon Oglenski - Barclays Chris Wetherbee - Citigroup Scott Group - Wolfe Research Jon Chappell - Evercore ISI Tom Wadewitz - UBS Ken Hoexter - Bank of America Brian Ossenbeck - JP Morgan Ariel Ro ...

CSX Corporation (NASDAQ:CSX) Stephens Annual Investment Conference 2022 November 15, 2022 10:00 AM ET Company Participants Kevin Boone - EVP & Chief, Sales & Marketing Conference Call Participants Justin Long - Stephens Inc. Justin Long All right. This is Justin Long with Stephens. I want to welcome everyone to our next fireside chat with CSX. Sitting to my left is Kevin Boone, he is EVP of Sales and Marketing. I want to thank you, Kevin, for being with us here in Nashville today. And this is a fireside cha ...

Summary of CSX Corporation Conference Call Company Overview - **Company**: CSX Corporation (NASDAQ:CSX) - **Industry**: Transportation and Logistics, specifically railroads - **Key Facts**: Founded in 1826, CSX is the longest-standing U.S. Class I railroad, operating over 20,000 miles of track and serving two-thirds of the U.S. population in the eastern half of the country [3][4] Core Points and Arguments Network and Operational Strength - CSX has invested significantly in its network to ensure readiness for growth, claiming to have the best-run railroad in North America [4] - The company operates on a scheduled railroading model, which has improved service levels and operational efficiency [4][7] Leadership Changes - New CEO Joe Hinrichs has brought renewed energy and a focus on employee engagement and customer service [6][7] - Hinrichs' background as a former customer of rail provides a unique perspective on service performance and operational improvements [6] Demand and Volume Trends - Q4 volume trends show strength in automotive and agricultural sectors, while some merchandise segments like metals and forest products are experiencing softness [9][10] - Coal business has seen an uptick due to improved crew availability and underlying demand [10][11] - Intermodal volumes are flat, with potential customer demand waning [11] Economic Outlook and Demand Visibility - CSX is cautious about economic indicators affecting demand but believes it can outperform the market due to previously unmet customer demand [13][14] - The company is optimistic about future growth driven by industrial development opportunities, particularly in the eastern U.S. [18][25] Pricing and Inflationary Pressures - CSX is in a contract renewal cycle, with 60-70% of business renewing in Q4 and Q1, facing inflationary pressures on labor and non-labor costs [27][28] - The company aims to maintain service quality while addressing pricing conversations with customers [29] Operational Ratio and Cost Management - CSX's goal is to grow above the economy, with operating ratio (OR) improvements tied to export coal pricing and intermodal revenue [34][36] - The company is managing costs through improved operational efficiency and hiring practices [35][40] Staffing and Labor Relations - CSX is adapting its staffing model to avoid past issues with employee retention during downturns, focusing on gradual hiring and training [42][43] - Ongoing labor negotiations are expected to improve employee experience and retention [48] Technology and Growth Strategy - Investments in technology and strategic acquisitions (e.g., Quality Carriers, Pan Am) are aimed at enhancing service and expanding market reach [50][52] - The company is focused on innovative growth strategies to outperform historical performance metrics [51] Other Important Insights - CSX is positioned to benefit from emerging trends in ESG, as rail is more fuel-efficient compared to trucking, potentially attracting more customers [22] - The company is optimistic about new manufacturing plants locating along its network, which will drive future growth [24][25] This summary encapsulates the key points discussed during the conference call, highlighting CSX Corporation's operational strengths, leadership changes, market outlook, and strategic initiatives for growth.

CSX Corporation (NASDAQ:CSX) Q3 2022 Earnings Conference Call October 20, 2022 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations Joe Hinrichs - Incoming President & Chief Executive Officer Jim Foote - President & Chief Executive Officer Kevin Boone - Executive Vice President of Sales & Marketing Jamie Boychuk - Executive Vice President of Operations Sean Pelkey - Executive Vice President & Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Scott Group ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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 62-10519 ...

Summary of CSX Corporation Conference Call Company Overview - **Company**: CSX Corporation (NASDAQ: CSX) - **Event**: Cowen 15th Annual Global Transportation & Sustainable Mobility Conference - **Date**: September 7, 2022 - **Participants**: - James M. Foote - President & CEO of CSX - Jason Seidl - Senior Transportation Analyst at Cowen Key Industry Insights - **Shift in Freight Movement**: There has been a gradual transition of freight movement from West Coast ports to East Coast ports, driven by changing trade patterns and disruptions at West Coast ports. This trend has accelerated due to the pandemic [4][5] - **Port Performance**: East Coast ports, particularly Savannah, have positioned themselves well to handle increased freight, creating opportunities for CSX in markets like Atlanta and New York/New Jersey [5][6] - **Infrastructure Improvements**: Significant infrastructure improvements have been made at East Coast ports, with ongoing plans for future enhancements. CSX's infrastructure is also in good shape, with no current capacity issues [7][9] Operational Challenges and Workforce - **Labor Shortages**: CSX faced challenges in staffing due to pandemic-related furloughs and the "Great Resignation." The company is working to return to a headcount of 7,000 employees, currently at over 6,800 [11][15] - **Service Metrics**: Improvements in service metrics such as velocity and on-time performance are being observed, although the company acknowledges the ongoing challenges in fully staffing operations [15][36] Regulatory Environment - **STB Interactions**: The Surface Transportation Board (STB) has been active in addressing service issues within the rail industry. CSX is committed to improving service levels to meet regulatory expectations [18][20] Pricing and Economic Outlook - **Pricing Power**: CSX maintains good pricing power, but it is closely tied to service levels. As service improves, the company expects to adjust pricing to recover costs effectively [22][23] - **Economic Conditions**: The company anticipates slower economic growth due to inflation control measures, but customers express a desire for increased freight movement. CSX is optimistic about future demand as service levels improve [35][36] Environmental, Social, and Governance (ESG) Initiatives - **ESG Opportunities**: CSX is engaged in discussions with customers about reducing carbon footprints through rail transportation, which is significantly more fuel-efficient than trucking [25][26] - **Contractual Discussions**: ESG considerations are increasingly becoming part of contract negotiations, with customers seeking to document and prove their sustainability efforts [28][30] Capital Expenditure and Future Investments - **CapEx Strategy**: CSX plans to continue investing in infrastructure and technology while balancing capital allocation between dividends and share buybacks. The company does not foresee significant changes in its capital strategy due to new regulations [32][33] - **Railcar Investments**: Future investments will focus on aging railcar fleets, particularly boxcars, to meet growing demand [40][42] Consumer Behavior and Market Dynamics - **Consumer Spending**: Despite reports of slower growth, consumer disposable income remains strong, and CSX is optimistic about freight demand as service levels improve [44][46] This summary encapsulates the key points discussed during the conference call, highlighting CSX's strategic positioning, operational challenges, and outlook in the current economic environment.

CSX Corporation (NASDAQ:CSX) Q2 2022 Earnings Conference Call July 20, 2022 4:30 PM ET Company Participants Matthew Korn - Head, Investor Relations Jim Foote - President & Chief Executive Officer Kevin Boone - Executive Vice President, Sales & Marketing Jamie Boychuk - Executive Vice President, Operations Sean Pelkey - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Group - Wolfe Research Bascome Majors - Susquehanna Tom Wadewitz - UBS David Vernon - Bernstein Chris Wet ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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) Securities registered ...