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 ...

CSX Corporation’s (CSX) fourth-quarter 2023 earnings per share (EPS) of 45 cents beat the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 8.2% year over year.Total revenues of $3,680 million surpassed the Zacks Consensus Estimate of $3,637.8 million. The top line decreased 1.3% year over year due to lower intermodal storage revenues, reduced fuel surcharge, the effect of lower global benchmark coal prices and a decline in trucking revenues. These factors offset the effects of higher ...

CSX Corporation (NASDAQ:CSX) Q4 2023 Earnings Conference Call January 24, 2024 4:30 PM ET Company Participants Matt Korn - Head, IR Joe Hinrichs - President and CEO Mike Cory - COO Kevin Boone - Chief Commercial Officer Sean Pelkey - CFO Conference Call Participants John Chappell - Evercore ISI Bascome Majors - Susquehanna Brian Ossenbeck - JPMorgan Justin Long - Stephens Inc. Scott Group - Wolfe Research Tom Wadewitz - UBS Brandon Oglenski - Barclays Ken Hoexter - Bank of America Merrill Lynch Chri ...