ATLANTA, GA - APRIL 01: A general view of the exterior of the headquarters of Norfolk Southern on ... [+] April 1, 2023 in Atlanta, Georgia. The US Justice Department filed a civil lawsuit on March 30, 2023, against Norfolk Southern seeking damages over the train derailment which occurred in East Palestine, Ohio, in February 2023. (Photo by David J. Griffin/Icon Sportswire via Getty Images)Icon Sportswire via Getty ImagesGiven its better valuation and prospects, we think CSX stock (NYSE: CSX) is a better pi ...

maradek/iStock via Getty Images CSX (NASDAQ:CSX), a major railroad, seems poised for growth, both short-term and long-term. This is our first writing on the railroad, but one of others written about U.S. Class Is. The railroad comes with a rich and long history, a storied one, beginning as America's first railroad, the Baltimore & Ohio (B&O). With solid and strategic mergers along the multiple centuries, the railroad grew from M&A, organically and otherwise. Yet, its value on the surface seems lagging c ...

JACKSONVILLE, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) President and Chief Executive Officer, Joe Hinrichs, will address the 12th Annual Morgan Stanley Laguna Conference in California on Thursday, September 12, at 9:20 a.m. Pacific 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 h ...

A month has gone by since the last earnings report for CSX (CSX) . Shares have added about 2.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CSX due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at CSX  in Q2CSX's second-quarter 2024 earnings per ...

CSX Corporation (CSX) has inked new five-year tentative collective bargaining agreements with two more labor unions.The tentative deals with the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers and the Transportation Communications Union have been inked four months prior to the amendment of the current collective agreements under the federal Railway Labor Act.The deals are effective based on the pending ratification by the unions’ membership at CSX.So far, CSX ha ...

JACKSONVILLE, Fla., Aug. 30, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreements with International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers (IBB) and the Transportation Communications Union (TCU). “The latest tentative agreements build upon the momentum that we have created alongside our union partners and allows us to solidify the foundation at CSX where every employee feels valued and emp ...

JACKSONVILLE, Fla., Aug. 23, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that it has reached new tentative five-year collective bargaining agreements with seven additional labor unions. These agreements cover the following groups: The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (BMWED), covering maintenance of way employees;The International Association of Machinists & Aerospace Workers (IAM) covering machinists and roadway mechanics.The I ...

JACKSONVILLE, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreements with the International Association of Sheet Metal, Air, Rail and Transportation Workers – Mechanical Division (SMART-MD) and the American Train Dispatchers Association (ATDA). “We are continually listening to our valued front-line employees about what is needed to make positive and impactful improvements to our work environment. Their well-being is c ...

JACKSONVILLE, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced today that the railroad has reached tentative agreements on new five-year collective bargaining agreements with the Transportation Communications Union (TCU), the Brotherhood of Railway Carmen (BRC), and General Committee of Adjustment GO-049 of the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division (SMART-TD), representing train service employees on the Northern Mid- ...

Kyle Ortiz/iStock Editorial via Getty ImagesBusiness Overview & History Railroads were first built in the 19th century, peaking in the early 20th century. Facing immense competition from automobiles, airlines, and a panoply of government regulation, over the 20th century, there was a long process of industry consolidation via mergers and acquisitions that shaved down 1,200 small rail carriers to just 6 giant freight rail companies today. CSX Corporation (NASDAQ:CSX) is one of the giants that is the outc ...