Matthew Korn, CFA, Investor Relations 904-366-4515 Bryan Tucker, Corporate Communications 855-955-6397 JACKSONVILLE, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) Executive Vice President and Chief Commercial Officer, Kevin Boone, will address Deutsche Bank's 2025 Transportation Conference in New York on Tuesday, August 12th, at 9:00 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 ev ...

Group 1 - CSX Transportation is exploring strategic options for industry consolidation in response to a merger between two major competitors, with discussions currently in preliminary stages with Goldman Sachs [1] - The recent $72 billion acquisition of Norfolk Southern by Union Pacific has intensified pressure on CSX and other competitors like Berkshire Hathaway's BNSF to consider mergers to maintain market competitiveness [1] - CSX's CEO Joe Hinrichs has expressed openness to merger discussions, highlighting the company's extensive operational network covering 26 states and parts of Canada, with a total rail length of approximately 20,000 miles [1] Group 2 - Historically, mergers in the railroad industry have been challenging due to strict regulatory environments; however, the appointment of Patrick Fuchs as chairman of the Surface Transportation Board has created more favorable conditions for such transactions [2]

格隆汇8月1日｜据彭博引述消息人士称，美国铁路运输集团CSX聘请高盛为顾问，研究应对美国两大铁 路运输集团提出合并后的市场情况，以及公司的可行策略性选项。美国最大铁路运输集团联合太平洋周 二提出、拟以850亿美元代价收购较小同业诺福克南方。此外，CSX行政总裁Joe Hinrichs上周在公布季 度业绩时称，将考虑任何提升股东利益的选项。 ...

CSX is working with Goldman Sachs Group, people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger https://t.co/PToIEE2mYQ ...

Industry Dynamics - Rail industry is bracing for further consolidation [1] Investment & Shareholder Activity - Activist investor Ancora is a "growing shareholder" in rail operator CSX [1]

Mergers & Acquisitions Speculation - CSX acknowledges rumors and intelligence regarding advanced discussions between Union Pacific and Norfolk Southern [1] - CSX is not commenting on speculation around conversations with BNSF about a similar tie-up [3] - CSX believes it is in a strong position and is proud of its operating results, enabling conversations about serving shareholders better [4] Competitive Positioning & Strategy - CSX expresses pride in its competitive position as the strongest railroad in the east, highlighting its market value [2] - CSX is excited about participating in conversations that create value for shareholders, customers, and employees, focusing on profitable growth [2] - The company emphasizes its ability to compete and adapt, leveraging its network regardless of how potential mergers play out [6] Operational Improvements - The conversation revolves around increasing fluidity and ease of transition at interchange points, with multiple approaches possible [5]

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Core Viewpoint - The article provides an update on CSX Corporation, emphasizing a fundamentals-based approach to value investing and the importance of long-term growth and robust balance sheets over low multiples [1]. Group 1: Investment Philosophy - The company believes that low multiple stocks are not necessarily cheap and seeks firms with long-term durability at affordable prices [1]. - There is a focus on companies that exhibit steady long-term growth, lack of cyclicality, and strong balance sheets [1]. - The article acknowledges the risks associated with investing in successful companies, particularly the potential to overpay, highlighting the significance of valuation [1]. Group 2: Market Outlook - Despite the near-term earnings pressure anticipated for CSX Corporation, the company suggests that some situations may render price less critical in the immediate future due to vast development opportunities [1].

Core Insights - CSX Corporation reported mixed second-quarter 2025 results with earnings per share of 44 cents, beating the Zacks Consensus Estimate of 42 cents, but revenues of $3.57 billion missed the estimate of $3.58 billion, reflecting a year-over-year decline of 3.4% [1][2][9] Financial Performance - Total revenues decreased by 3.4% year-over-year to $3.57 billion, primarily due to lower export coal prices, reduced fuel surcharge, and a decline in merchandise volume, partially offset by higher merchandise pricing and growth in intermodal volume [2][9] - Operating income fell 11% year-over-year to $1.28 billion, with an operating margin of 35.9%, down 320 basis points from the previous year [2][3] - Total expenses increased by 2% year-over-year to $2.29 billion, while overall volumes rose marginally by 0.1% [3] Segment Performance - Merchandise revenues declined by 2% year-over-year to $2.25 billion, with merchandise volumes also down by 2% [5] - Intermodal revenues decreased by 3% year-over-year to $491 million, despite a 2% increase in segmental volumes [5] - Coal revenues fell 15% year-over-year to $477 million, although coal volumes increased by 1% [6] Liquidity and Cash Flow - CSX ended the second quarter with cash and cash equivalents of $387 million, down from $1.14 billion at the end of the previous quarter, while long-term debt remained flat at $18.5 billion [7] - The company generated $635 million in cash from operating activities during the quarter [7] Future Outlook - For 2025, CSX anticipates total volume growth and expects lesser year-over-year revenue headwinds in the second half, particularly from lower export coal benchmarks and diesel prices [8][10] - The company remains focused on operational excellence, labor productivity, and efficiency initiatives, with capital expenditures expected to be roughly flat year-over-year, excluding hurricane rebuild spending [10]

CNBC's Morgan Brennan talks with Joe Hinrichs, CSX CEO, to discuss how the company is thinking about a potential merger between Union Pacific and Norfolk Southern, whether a merger would pose competitive threat if CSX remains independent, and much more. ...