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 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]