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CSX(CSX) - 2025 Q4 - Annual Report
2026-02-12 21:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) | Virginia | | | 62-1051971 | | | | --- | --- | --- | --- | --- | --- | | (State or other jurisdiction of incorporation | | | | | | | or organization) | | | (I.R.S. Employer Identification No.) | | | | 500 Water Street FL 32202 | 15th Floor | Jacksonville | | 904 | 359-3200 | | (Address of principal executive offices) (Zip Code ...
CSX President and Chief Executive Officer to Address Barclays Industrial Select Conference
Globenewswire· 2026-02-12 14:00
JACKSONVILLE, Fla., Feb. 12, 2026 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) President and Chief Executive Officer, Steve Angel, will address the Barclays 43rd Annual Industrial Select Conference in Miami Beach on Thursday, February 19, at approximately 11:50 a.m. ET. 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 webs ...
CSX Inks $670M Deal With Wabtec to Expand Fleet Modernization
ZACKS· 2026-02-11 14:30
Core Insights - CSX Corporation has signed a $670 million deal with Westinghouse Air Brake Technologies to modernize its fleet and enhance network performance [1][9] - The deal includes the acquisition of 100 new Evolution Series locomotives and the modernization of 50 existing units [1][9] - The new locomotives aim to improve fuel efficiency, tractive effort, and overall reliability, particularly for long-haul and heavy-haul operations [2] Fleet Modernization - CSX will convert aging D9 locomotives from DC to AC traction, extending their service life and improving fleet standardization [3] - Upgrades will enable the deployment of advanced control and diagnostic technologies to enhance fuel performance and operational productivity [3] - Both new and modernized locomotives will be equipped with Trip Optimizer and Smart Horsepower per Ton systems to optimize fuel usage [4] Delivery Timeline - Deliveries of the new locomotives will begin this year, with modernization efforts expected to roll out by 2027 [4] Share Price Performance - CSX's shares have increased by 24.3% over the past year, outperforming the Transportation - Rail industry's growth of 8.4% [7][9]
CSX Announces $670M Locomotive Fleet Upgrade with Wabtec
Globenewswire· 2026-02-09 21:01
JACKSONVILLE, Fla., Feb. 09, 2026 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that it has signed a $670 million deal with Wabtec Corporation (NYSE: WAB) to upgrade its fleet with 100 new Evolution Series locomotives, 50 modernized locomotives, and a suite of digital solutions and services. “Our locomotive fleet is a fundamental element of our safe and reliable railroad,” said Mike Cory, Executive Vice President and Chief Operating Officer at CSX. “Modernizing these critical assets strengthens netw ...
Is CSX Corporation (CSX) One of the Best Large Cap Stocks to Buy Under $50?
Insider Monkey· 2026-02-04 18:11
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...
CSX Announces Leadership Changes to its Executive Team
Globenewswire· 2026-02-03 14:00
Core Insights - CSX announced the retirement of Executive Vice President and Chief Administrative Officer Diana Sorfleet after nearly 15 years of service, during which she significantly influenced the company's people strategy and culture [2][3] - Riz Chand has been appointed as the new Chief Human Resources Officer, effective February 23, 2026, bringing extensive experience from AEA Investors and other notable companies [1][4] Leadership Transition - Diana Sorfleet's leadership was pivotal during transitions involving four CEOs and organizational transformations, earning her recognition for her strategic insight and commitment to CSX's long-term objectives [2][3] - Riz Chand's previous roles include Chief Talent Officer at AEA Investors and senior HR positions at BNSF and other firms, indicating a strong background in talent development and organizational performance [3][4] Responsibilities and Background of New HR Leader - In his new role, Riz Chand will oversee Human Resources, Total Rewards, People Systems, and Occupational Health Compliance, based in Jacksonville, FL [5] - Chand holds a B.S. in mechanical engineering and an MBA, along with community leadership roles, showcasing his commitment to both professional and community development [4] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail and intermodal services across various markets, contributing significantly to the U.S. economic expansion [6] - The company's extensive network connects major metropolitan areas in the eastern U.S. and links numerous short-line railroads and ports, highlighting its critical role in transportation and logistics [6]
Jim Cramer Makes Major Prediction For Berkshire Hathaway (BRK-B)
Yahoo Finance· 2026-01-31 12:23
Company Overview - Berkshire Hathaway Inc. (NYSE:BRK-B) is Warren Buffett's well-known investment holding company, with shares up by 1.4% over the past year but down by 4.20% year-to-date [2]. Key Developments - In January 2026, AM Best announced that Berkshire Hathaway is now the world's biggest insurance company, surpassing Allianz SE [2]. - The company is considering selling its significant stake in Kraft Heinz, following a downgrade by Morgan Stanley, which cut the share price target from $27 to $24 due to competitive pressures [2]. Potential Mergers - A notable prediction involves a potential merger of Berkshire Hathaway's railroad business with CSX, as discussed by Jim Cramer. This speculation is based on the leadership changes at CSX and the strategic fit with Berkshire's Burlington Northern [3].
First look: Union Pacific Q4 earnings
Yahoo Finance· 2026-01-27 13:34
Union Pacific Corp. on Tuesday reported fourth-quarter profit of $1.85 billion on revenue of $6.09 billion, both short of Wall Street expectations. Per-share earnings came up short for the Omaha, Neb.-based company (NYSE: UNP) at $3.11. Adjusted earnings came to $2.86 per share. Analysts’ consensus was for earnings of $2.90 per share, on revenue of $6.14 billion. The company, which is in the process of merging with Norfolk Southern (NYSE: NSC) to form the first transcontinental railroad, said operating ...
S&P 500 Ends Week Lower After Volatile Trading | Closing Bell
Youtube· 2026-01-23 22:50
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to the closing bell with a global simulcast. Carol Massar and Tim Stenovec, join us right now.Welcome to our audiences across all of our bloomberg platforms. The cameras right in front of you, Carol, as you welcome our audiences across all of our Bloomberg platforms, television, radio, our partnership with YouTube. It's Friday.Carol, a down day for the market, a flat day for the ...
CSX Shares Jump 4% After Earnings Beat Offsets Revenue Decline
Financial Modeling Prep· 2026-01-23 21:52
Core Viewpoint - CSX's fourth-quarter earnings exceeded expectations despite a year-over-year revenue decline, leading to a more than 4% increase in share price intra-day [1]. Financial Performance - Adjusted earnings per share for Q4 2025 were reported at $0.42, surpassing analyst estimates of $0.41 [2]. - Revenue for the quarter totaled $3.51 billion, slightly below the consensus forecast of $3.55 billion, marking a 1% decrease from the previous year [2]. - Operating income for the quarter was $1.11 billion, resulting in an operating margin of 31.6%, down from an adjusted operating income of $1.21 billion and an adjusted operating margin of 34.3% in the same quarter last year [3]. Revenue Drivers - The decline in revenue was attributed to lower merchandise volumes and reduced export coal revenue, although these pressures were partially offset by higher pricing in merchandise and intermodal segments, increased intermodal volumes, and higher fuel surcharge revenue [3]. Full-Year Performance - For the full year 2025, CSX reported total revenue of $14.09 billion and adjusted operating income of $4.69 billion, excluding a $164 million goodwill impairment recorded in Q3 [4]. - The company achieved an adjusted operating margin of 33.2% for the year, with adjusted earnings per share of $1.61 [4].