TD Cowen reiterated coverage of CSX with a rating of Hold and set a new price target of $35.00 from $36.00 previously

Citigroup initiated coverage of CSX with a rating of Buy and set a new price target of $42.00

BofA Securities downgraded CSX from Buy to Neutral

Wells Fargo initiated coverage of CSX with a rating of Equal Weight and set a new price target of $35.00

Jefferies initiated coverage of CSX with a rating of Hold and set a new price target of $40.00

TD Cowen reiterated coverage of CSX with a rating of Market Perform and set a new price target of $36.00 from $32.00 previously

Susquehanna upgraded CSX from Neutral to Positive

JP Morgan upgraded CSX from Neutral to Overweight and set a new price target of $40.00 from $37.00 previously

BofA Securities upgraded CSX from Neutral to Buy and set a new price target of $36.00 from $34.00 previously

BofA Securities downgraded CSX from Buy to Neutral

JACKSONVILLE, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023. "CSX's commitment to excellent service allowed us to deliver meaningful growth in volume, operating income, and operating margin in the third quarter," said Joe Hinrichs, president and chief executive officer. "Over the last several weeks CSX, along with man

JACKSONVILLE, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced that the Company's Board of Directors approved a $0.12 per share quarterly dividend on the Company's common stock. The dividend is payable on December 13, 2024, to shareholders of record at the close of business on November 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 transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nati

JACKSONVILLE, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) will release third quarter financial and operating results after the market close on Wednesday, October 16, 2024. This will be followed by a conference call and live webcast hosted by the company's management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use 3368220 as the passcode. Presentation materials and access to the webcast will be available on the company's website at http://investors.csx.com. Following the earnings call, a webcast

JACKSONVILLE, Fla., Aug. 05, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced second quarter 2024 operating income of $1.45 billion compared to $1.47 billion in the prior year period. Net earnings were $963 million, or $0.49 per diluted share, compared to $984 million, or $0.49 per diluted share, in the same period last year. Total volume of 1.58 million units for the quarter was 2% higher compared to second quarter 2023. "CSX remained focused on efficiently serving our customers over the second quarter, allowing us to deliver strong sequential increases in volume, operating income, margin, and earnings per share," said Joe Hinrichs, president and chief executive officer. "

JACKSONVILLE, Fla., July 10, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced that the Company's Board of Directors approved a $0.12 per share quarterly dividend on the Company's common stock. The dividend is payable on September 13, 2024, to shareholders of record at the close of business on August 30, 2024. About CSX and its Disclosures CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the n

JACKSONVILLE, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) will release second quarter financial and operating results after the market close on Monday, August 5, 2024. This will be followed by a conference call and live webcast hosted by the company's management team at 4:30 p.m. Eastern Time. This release date reflects the Company's review of the capitalization of prior period engineering materials and labor. The results of this review are not expected to impact free cash flow in past or future periods. Excluding the results of this review, the Company still expects to improve both operating income and operating margin on a sequential basis in the second quarter, and m

JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced that the Company's Board of Directors approved a $0.12 per share quarterly dividend on the Company's common stock. The dividend is payable on June 14, 2024, to shareholders of record at the close of business on May 31, 2024. About CSX and its Disclosures CSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.  For nearly 200 years, CSX has played a critical role in the nati

JACKSONVILLE, Fla., April 17, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced first quarter 2024 operating income of $1.35 billion compared to $1.46 billion in the prior year period. Net earnings were $893 million, or $0.46 per diluted share, compared to $987 million, or $0.48 per diluted share, in the same period last year. Total volume of 1.53 million units for the quarter was 3% higher compared to first quarter 2023, with intermodal volume up 7%, coal volume up 2%, and merchandise volume flat. "Working together, the ONE CSX team delivered a good start to the year that was in-line with our expectations," said Joe Hinrichs, president and chief executive officer. "We were

JACKSONVILLE, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) will release first quarter financial and operating results after the market close on Wednesday, April 17, 2024. This will be followed by a conference call and live webcast hosted by the company's management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use 3368220 as the passcode. Presentation materials and access to the webcast will be available on the company's website at http://investors.csx.com. Following the earnings call, a webcast r

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 transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.  For nearly 200 years, CSX has p

8-K - CSX CORP (0000277948) (Filer)

8-K - CSX CORP (0000277948) (Filer)

8-K - CSX CORP (0000277948) (Filer)

8-K - CSX CORP (0000277948) (Filer)

FWP - CSX CORP (0000277948) (Subject)

10-Q - CSX CORP (0000277948) (Filer)

8-K - CSX CORP (0000277948) (Filer)

11-K - CSX CORP (0000277948) (Filer)

11-K - CSX CORP (0000277948) (Filer)

8-K - CSX CORP (0000277948) (Filer)

JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced that Executive Vice President and Chief Legal Officer Nathan Goldman will retire from the company on January 1, 2025. Michael Burns is promoted to Senior Vice President and Chief Legal Officer effective January 2, 2025. Nathan Goldman retires from CSX after a distinguished 21-year tenure with the company. Goldman's leadership was pivotal in steering the transformation of the business and the transition of three CEOs in eight years, serving all three leaders and the Board of Directors with confidence. "Nathan's contributions to CSX have been highly valued, and his expertise and dedication have been inst

JACKSONVILLE, Fla., Nov. 11, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) Executive Vice President and Chief Commercial Officer, Kevin Boone, will address the 2024 Stephens Annual Investment Conference in Nashville on Tuesday, November 19, at 10:00 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 additional financial information, is available on the company's website at http://investors.csx.com. About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services

Schneider is set to launch a new Intermodal service providing continuous rail service between points in Mexico and Texas and points in the Southeastern United States. Service on the new route will begin in December. The lane is a result of recently announced connection between CSX Corp. (NASDAQ:CSX) and Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC). As strategic customer of both CSX and CPKC, Schneider National, Inc. (NYSE:SNDR), a premier multimodal provider of transportation, intermodal and logistics services, will provide this competitive advantage to shippers, who have traditionally relied on over-the-road transport in the Southeast. This new service will connect growing

JACKSONVILLE, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) Executive Vice President and Chief Financial Officer, Sean Pelkey, and Executive Vice President and Chief Operating Officer, Mike Cory, will address the 2024 Baird Global Industrial Conference in Chicago on Wednesday, November 13, at 8:55 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 additional financial information, is available on the company's website at http://investors.csx.com. About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. I

JACKSONVILLE, Fla., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced that the 500+ acre RailPort Logistics Mobile in Mobile, Alabama, has been designated as a Platinum CSX Select Site. Select Sites are development-ready properties along the CSX network where standard land use considerations and comprehensive due diligence items have been previously addressed. These properties can meet the needs of a wide variety of manufacturers, significantly reducing the time required to construct industrial facilities and ultimately bringing products to market. Mobile is a hotspot for industrial growth with the recent expansions at the Port of Mobile. The 500+ acre RailPort Logis

JACKSONVILLE, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced that the Rickenbacker South Industrial Rail Park in Harrison Township, Pickaway County, Ohio has been designated as a Platinum CSX Select Site. Select Sites are development-ready properties along the CSX network where standard land use considerations and comprehensive due diligence items have been previously addressed. These properties can meet the needs of a wide variety of manufacturers, significantly reducing the time required to construct facilities and ultimately bringing products to market. Rickenbacker South Industrial Rail Park is a 671-acre property adjacent to the CSX mainline in Columb

JACKSONVILLE, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced it has secured new five-year tentative collective bargaining agreements with the International Brotherhood of Electrical Workers (IBEW) and National Conference of Firemen & Oilers (NCFO), as well as the ratification of a labor agreement with the SMART-TD yardmasters. "The new tentative agreements are a significant step forward in our continued partnership with union leaders," said Joe Hinrichs, President and CEO of CSX. "These agreements strengthen our commitment to creating a workplace where every employee feels valued and empowered, while improving safety, efficiency, and service. Together, we are bui

JACKSONVILLE, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) (CSX), Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC), and Genesee & Wyoming Inc. (G&W) today said the Surface Transportation Board (STB) has approved CSX's and CPKC's respective applications regarding their acquisition of the rail lines operated by G&W's Meridian & Bigbee Railroad, L.L.C. (MNBR), which will result in the creation of a new direct CPKC-CSX interchange connection in Alabama. Through the now-approved transaction, which was previously announced in June 2023, CPKC will acquire and operate across the 52-mile segment between Meridian, Miss., and Myrtlewood, Ala., currently owned by MNBR, w

JACKSONVILLE, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023. "CSX's commitment to excellent service allowed us to deliver meaningful growth in volume, operating income, and operating margin in the third quarter," said Joe Hinrichs, president and chief executive officer. "Over the last several weeks CSX, along with man

JACKSONVILLE, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced today that it will webcast its Investor Day presentations to the financial community on Thursday, November 7, 2024. CSX's leadership team will outline the ways that the company is leveraging ONE CSX to execute their proven model, building powerful momentum to deliver profitable growth. The webcast will begin at 8 a.m. ET and concludes at approximately 11:30 a.m. ET. To register for the event click here. Additional information about the event will be available on the company's website at http://investors.csx.com/. Following the event, a webcast replay will be archived on the company's website.  About CS

CSX (NASDAQ:CSX) has outperformed the market over the past 20 years by 7.76% on an annualized basis producing an average annual return of 16.27%. Currently, CSX has a market capitalization of $66.31 billion. Buying $100 In CSX: If an investor had bought $100 of CSX stock 20 years ago, it would be worth $1,981.85 today based on a price of $33.92 for CSX at the time of writing. CSX's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor

B of A Securities analyst Ken Hoexter maintains CSX (NASDAQ:CSX) with a Neutral and maintains $37 price target.

CSX will release second quarter financial and operating results after the market close on Monday, August 5, 2024. This release date reflects the Company's review of the capitalization of prior period engineering materials and labor. The results of this review are not expected to impact free cash flow in past or future periods. Excluding the results of this review, the Company still expects to improve both operating income and operating margin on a sequential basis in the second quarter, and management will provide more details on the earnings call.

Bernstein analyst David Vernon maintains CSX (NASDAQ:CSX) with a Market Perform and raises the price target from $35 to $36.

B of A Securities analyst Ken Hoexter downgrades CSX (NASDAQ:CSX) from Buy to Neutral.

Susquehanna analyst Bascome Majors maintains CSX (NASDAQ:CSX) with a Positive and lowers the price target from $44 to $40.

CSX (NASDAQ:CSX) has outperformed the market over the past 15 years by 3.04% on an annualized basis producing an average annual return of 15.52%. Currently, CSX has a market capitalization of $63.91 billion. Buying $1000 In CSX: If an investor had bought $1000 of CSX stock 15 years ago, it would be worth $8,555.23 today based on a price of $32.69 for CSX at the time of writing. CSX's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edit

CSX's (NYSE:CSX) short percent of float has risen 6.67% since its last report. The company recently reported that it has 25.09 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.27 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa

CSX Corp (NASDAQ:CSX) shares have been in focus after U.S. Sen. Tommy Tuberville‘s latest regulatory filing. CSX also reported its first-quarter results on Wednesday, which came amid an exciting earnings season. Here are some key analyst takeaways from the release. BofA Securities On CSX Analyst Ken Hoexter maintained a Buy rating while cutting the price target from $40 to $39. CSX's first-quarter earnings declined by 2% year-year but came ahead of Street expectations, Hoexter said. "Despite challenges from weather in January and the collapse of Baltimore’s Key Bridge, CSX reiterated its 2024 low- to mid-single digit volume and revenue growth targets, as it sees momentum acros

JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced that Executive Vice President and Chief Legal Officer Nathan Goldman will retire from the company on January 1, 2025. Michael Burns is promoted to Senior Vice President and Chief Legal Officer effective January 2, 2025. Nathan Goldman retires from CSX after a distinguished 21-year tenure with the company. Goldman's leadership was pivotal in steering the transformation of the business and the transition of three CEOs in eight years, serving all three leaders and the Board of Directors with confidence. "Nathan's contributions to CSX have been highly valued, and his expertise and dedication have been inst

JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) --  CSX Corp. (NASDAQ:CSX) held its Annual Shareholders Meeting today. Preliminary results indicate the re-election of the company's 11 director nominees for one-year terms and appointment of Anne Chow to its board of directors. The preliminary results highlight the company's dedication to excellence. Joe Hinrichs, president and chief operating officer of CSX, said: "With a distinguished career marked by progressive leadership, Anne's extensive background in customer service and technology perfectly aligns with CSX's vision for growth and innovation. We are honored to have her join our team and assist us as we advance our strategy to gener

Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (

JACKSONVILLE, Fla., Sept. 18, 2023 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) is continuing its partnership with the national non-profit, Operation Lifesaver, for the sixth consecutive year in support of Rail Safety Week. The annual campaign promotes public safety near railroad tracks and serves as a nationwide platform to educate communities about safe behaviors that help prevent crossing collisions and trespass incidents. "Education is at the heart of rail safety. By engaging with communities and fostering a culture of awareness, we can make substantial progress toward reducing these incidents," said Sean Douris, chief of police, public safety and infrastructure protection at CSX.

JACKSONVILLE, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced today the appointment of Mike Cory, a seasoned railroad executive with more than 40 years of operations experience, as the company's executive vice president and chief operating officer. Formerly executive vice president and chief operating officer for the Canadian National (CN) Railway, Cory has provided transportation consulting services since retiring from the CN in 2019. "Mike Cory is one of the rail industry's leading operations executives, respected for his wealth of operations knowledge and his success as a leader who understands the customers we serve and has a deep appreciation for the employ

Adds Three Mutually Agreed-Upon Independent Directors Supported by Elliott Establishes New Board Committee to Oversee Strategic and Operational Review AKRON, Ohio, July 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear") today announced enhancements to its Board of Directors in connection with a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott"). Three highly experienced business leaders, mutually agreed-upon between Goodyear and Elliott, will join the Board effective immediately

JACKSONVILLE, Fla. , July 19, 2023 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Technologies, Inc. a provider of vision based analytical technology solutions, has appointed rail industry veteran Frank Lonegro to its Board of Directors. With a 30-year professional career spanning leadership roles in finance, law, technology and operations, Mr. Lonegro enjoyed a long and distinguished career at CSX Corporation (NASDAQ:CSX) starting in 2000 as Assistant General Counsel and serving in various senior executive roles including Chief Financial Officer from 2015 to 2019. He currently serves as the Chief Financial O

JACKSONVILLE, Fla., Sept. 15, 2022 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) one of the nation's leading transportation suppliers, today announced that, as part of a planned succession process, its Board of Directors has appointed seasoned executive Joseph R. Hinrichs as the Company's new President and Chief Executive Officer, effective September 26, 2022. Hinrichs succeeds James M. Foote, who plans to retire as President and Chief Executive Officer, as well as from the Board, on September 26, 2022. Foote will continue to work with the Company through March 31, 2023 as an advisor to facilitate a seamless leadership transition. Hinrichs has more than 30 years' experience in the global au

Allonnia brings on advisors for Finance, Human Resources and Marketing as they continue growth and commercialization Allonnia, the bio-ingenuity company dedicated to extracting value where others see waste, today announces the appointment of Lieutenant General (Ret.) Thomas P. Bostick to its Board of Directors. The company is also excited to share the addition of key advisory positions, Jessica Kates (Rellevant Partners), Pamela Watkins (DuPont), and Rob Le Bras-Brown (HP Inc.). Speaking to the board addition Nicole Richards, CEO, Allonnia said "We are extremely fortunate to have the opportunity to work with Tom. He is an inspirational leader with a broad skill set in both the private bio

JACKSONVILLE, Fla., April 01, 2022 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) ("CSX") announced today the appointment of Steve Fortune as executive vice president and chief digital and technology officer. Mr. Fortune will lead all digital and technology operations and planning for CSX, and will focus on harnessing transformative technologies to unlock growth and enable continued efficiency across the business. James M. Foote, CSX president and chief executive officer said: "We are pleased to announce the appointment of Steve Fortune and welcome him to CSX's executive leadership team. CSX is focused on growing through innovation and being a leader in the transportation industry. Steve's o