Core Insights - CSX is well-positioned to adapt to changes in tariffs and manufacturing, as long as the economy continues to grow [1][2] - The company operates primarily on the East Coast and provides rail and intermodal freight transport services, facilitating the movement of goods from various port cities [1] - An increase in domestic manufacturing, potentially driven by the Trump administration's tariff policies, could benefit CSX significantly [3] Company Operations - CSX's operations include transporting materials from West Coast ports to the East Coast, particularly from cities like Chicago and Memphis [2] - The company has a strong presence in the Southeast, where many corporations are looking to build large projects [3] - CSX currently manages 500 industrial development projects within its network and has an additional 1,000 potential sites in its inventory [3] Market Outlook - Changes in trade patterns due to increased tariffs could lead to new opportunities for CSX, as the company can adapt its services to meet evolving demands [2] - The company's ability to transport goods efficiently across its extensive network positions it favorably in a changing economic landscape [1][2]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . A few minutes before I started writing this, I was very close to selling two of my investments, ready to put the proceeds into a new investment. That new investment was supposed to be in the CSX Analyst's Disclosure: I/we have a beneficial long position in the shares of UNP, CP ...

CSX Corporation (NASDAQ:CSX) Baird 2024 Global Industrials Conference November 13, 2024 8:55 AM ET Company Participants Michael Cory - Executive Vice President and Chief Operating Officer Sean Pelkey - Executive Vice President and Chief Financial Officer Conference Call Participants Garrett Holland - Baird Garrett Holland All right. Good morning, everyone. My name is Garrett Holland, Senior Analyst covering Transportation and Logistics here at Baird. We appreciate you being here at the conference. It's gr ...

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 e ...

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 we ...

Trump's proposed across-the-board tariffs will create some losers. But there will be winners, too. The American people have spoken. On Jan. 20, 2025, Donald Trump, the 45th U.S. president, will also become the 47th president. Trump has spoken, too. In his victory speech, after it became apparent he would win, Trump said, "I will govern by a simple motto: Promises made, promises kept. We're going to keep our promises." One of Trump's key promises during the 2024 campaign was to impose across-the-board tariff ...

SAN DIEGO, Nov. 8, 2024 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving CSX Corporation (NASDAQ: CSX) focused on whether the company as well as certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.If you have information that could assist in the CSX investigation or if you are a CSX investor who suffered a loss and would like to learn more, you can pro ...

CSX Corporation (CSX) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let us delve deeper.Southward Earnings Estimate Revisions of CSX: The Zacks Consensus Estimate for current-year earnings has been revised downward from $1.93 per share to $1.84 in the past 60 days. For the next year, the consensus mark for earnings has moved 4.7% south in the same time frame. The unfavorable estimate revisions indicate brokers’ lack of confidence in the stock.CSX ...

Core Viewpoint - CSX Corporation is under investigation for potential securities law violations following a subpoena from the U.S. Securities and Exchange Commission related to misstatements in its financial statements, leading to a nearly 5% decline in stock value since the announcement [2]. Group 1: Investigation Details - Block & Leviton is investigating CSX Corporation for possible securities law violations and may file an action to recover losses for affected investors [4]. - The investigation was prompted by CSX's announcement on October 17, 2024, regarding the subpoena and the identification of misstatements in its financial statements [2]. Group 2: Investor Eligibility - Any investor who purchased CSX Corporation common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they have sold their shares [3]. Group 3: Whistleblower Information - Individuals with non-public information about CSX Corporation are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [6]. Group 4: Contact Information - Investors who have incurred losses are advised to contact Block & Leviton for further information on recovery options [5]. - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7].

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 indus ...