CSX Corporation (NASDAQ:CSX) is included among the 13 Best NASDAQ Dividend Stocks to Buy Now. BMO Capital Raises CSX Price Target, Sees Continued Freight Recovery On February 19, BMO Capital raised its price recommendation on CSX Corporation (NASDAQ:CSX) to $41 from $38. The firm reiterated a Market Perform rating on the shares. The update came as part of a broader research note on the transportation sector. The firm said the strong rally in transportation stocks since late November 2025 still looks reas ...

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]

Core Insights - CSX has signed a $670 million deal with Wabtec Corporation to upgrade its locomotive fleet, which includes 100 new Evolution Series locomotives and 50 modernized locomotives, along with digital solutions and services [1][4] Fleet Modernization - The new Evolution Series locomotives are designed to enhance fuel efficiency, tractive effort, and overall reliability, supporting long-haul and heavy-duty operations [2][4] - CSX will also modernize aging D9 locomotives by converting them from DC to AC traction, which is expected to extend service life and improve fleet standardization [3][4] Operational Efficiency - The partnership with Wabtec emphasizes CSX's commitment to operational efficiency and reliable customer service, integrating new and modernized locomotives with digital solutions to improve fuel performance and operational reliability [4] - The order includes digital capabilities such as Trip Optimizer with Smart Horsepower per Ton, aimed at enhancing fuel efficiency [4] Delivery Timeline - Delivery of the new Evolution Series locomotives is expected to start in 2026, while deliveries of the modernized locomotives will begin in 2027 [5]

Key Takeaways Wabtec signed a $4.2B multi-year locomotive deal with Kazakhstan's national railway KTZ.This deal boosts WAB's competitive position as a rail technology partner and innovator in the industry.Through this deal, WAB aims to offer Evolution Series locomotives and long-term maintenance services to KTZ.Wabtec Corporation(WAB) is strengthening its operations through strategic agreements. To this end, Wabtec has inked a multi-year locomotive deal worth $4.2 billion with National Company Kazakhstan Te ...

Group 1 - Wabtec's shares increased by 4.9% to $197.96, following a higher-than-average trading volume, contrasting with a 3.6% loss over the past four weeks [1][2] - The stock's recent rise is linked to an agreement with Kazakhstan's national railway for Evolution Series locomotives and long-term service support [2] - Wabtec is expected to report quarterly earnings of $2.27 per share, reflecting a year-over-year increase of 13.5%, with revenues projected at $2.9 billion, up 8.8% from the previous year [2] Group 2 - The consensus EPS estimate for Wabtec has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - Wabtec holds a Zacks Rank of 3 (Hold), similar to Herc Holdings, which also has a Zacks Rank of 3 and reported a 4.5% increase in its stock price [5][6] - Herc Holdings' EPS estimate for the upcoming report is $2.23, representing a significant year-over-year decline of 48.7% [6]

Core Viewpoint - Wabtec Corporation has secured a significant agreement with Kazakhstan Temir Zholy (KTZ) for the delivery of Evolution Series locomotives and long-term service support, valued at $4.2 billion, marking the largest locomotive deal in the company's history [1] Group 1 - The agreement is a multi-year order, highlighting the long-term partnership between Wabtec and KTZ [1] - This partnership has been instrumental in transforming Kazakhstan's rail industry over the past two decades [1]