Core Viewpoint - CSX Corp. has appointed Steve Angel as the new President and Chief Executive Officer effective September 28, succeeding Joe Hinrichs, with expectations of continued strong operating performance and full-year volume growth [1][3]. Group 1: Leadership Transition - Steve Angel brings over 45 years of experience in leading large public companies and has a proven track record of generating strong shareholder returns [2]. - The Board of Directors expressed confidence in Angel's ability to advance CSX's strategic priorities and maximize shareholder value [3]. - Joe Hinrichs, the former CEO, was acknowledged for his leadership and contributions over the past three years [5]. Group 2: Steve Angel's Background - Angel previously served as CEO of Linde plc and Praxair, where he achieved total shareholder returns of 219% and 257% respectively [3]. - He oversaw the merger of Linde AG and Praxair, resulting in a market capitalization increase of 141%, equating to a $131 billion increase in value [3]. - Angel's career began at General Electric, where he spent over 22 years in various management roles, including those related to locomotive and rail operations [4][8]. Group 3: Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail and intermodal services across various markets [12]. - The company has played a critical role in the economic expansion and industrial development of the United States for nearly 200 years [12].

Company Overview - CSX Corp. is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural, and consumer products [3] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. and linking over 240 short-line railroads and more than 70 ports [3] Upcoming Financial Results - CSX Corp. will release its third quarter financial and operating results after the market close on October 16, 2025 [1] - A conference call and live webcast will follow at 4:30 p.m. Eastern Time, hosted by the company's management team [1] Participation Details - Interested participants can join the teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), with a passcode of 3368220 [2] - Participants are advised to dial in 10 minutes prior to the call, and a replay of the webcast will be available on the company's website after the earnings call [2]

Group 1 - CSX Corp. President and CEO Joe Hinrichs will speak at Morgan Stanley's 13th Annual Laguna Conference on September 11, 2025, at 8:30 a.m. Pacific time [1] - The address will be available for live streaming via webcast, with a replay accessible after the event [2] - CSX is a leading transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets [3] Group 2 - CSX has been integral to the economic expansion and industrial development of the United States for nearly 200 years [3] - The company's network connects major metropolitan areas in the eastern U.S., where approximately two-thirds of the nation's population resides, as well as over 240 short-line railroads and more than 70 ports [3]

Core Points - CSX Corp. will be represented by Kevin Boone, Executive Vice President and Chief Commercial Officer, at Deutsche Bank's 2025 Transportation Conference on August 12th at 9:00 a.m. Eastern time [1] - The address will be available for live streaming and a replay will be accessible after the event [2] - CSX is a leading transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets [3] Company Overview - CSX has been integral to the economic expansion and industrial development of the United States for nearly 200 years [3] - The company's network connects major metropolitan areas in the eastern U.S., where approximately two-thirds of the nation's population resides, and links over 240 short-line railroads and more than 70 ports [3] - CSX serves a diverse range of markets, including energy, industrial, construction, agricultural, and consumer products [3]

Group 1 - CSX Corp. will release its second quarter financial and operating results on July 23, 2025, after market close [1] - A conference call and live webcast will follow the results announcement at 4:30 p.m. Eastern Time [1] - Participants can join the teleconference by dialing specific numbers, with a passcode required for access [2] Group 2 - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services [3] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years [3] - CSX's network connects major metropolitan areas in the eastern U.S. and links over 240 short-line railroads and more than 70 ports [3]

Core Viewpoint - Cleveland-Cliffs Inc. is facing scrutiny for potential violations of federal securities laws following a disappointing financial report and operational changes [1][2]. Financial Performance - Cleveland-Cliffs reported an adjusted loss that was larger than expected for Q1 2025, with a year-over-year revenue decline of 11%, totaling $4.63 billion [2]. - The company's share price fell from $8.49 to $7.15 following the announcement of its financial results [2]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices experienced in late 2024 and early 2025 [2]. - Cleveland-Cliffs is repositioning its portfolio to focus more on the automotive industry, moving away from non-core markets such as rail, high-carbon sheet, and specialty plate products [2].

Core Points - CSX Corp. will be represented by Kevin Boone, Executive Vice President and Chief Commercial Officer, at the Wolfe Research 18th Annual Global Transportation & Industrials Conference in New York on May 20, 2025 [1] - The address will be available for live streaming and will have a replay option on the company's investor relations website [2] - CSX is a leading transportation company based in Jacksonville, Florida, providing rail, intermodal, and transload services across various markets, contributing significantly to the economic expansion and industrial development of the United States [3] Company Overview - CSX has been operational for nearly 200 years and connects major metropolitan areas in the eastern United States, where approximately two-thirds of the nation's population resides [3] - The company links over 240 short-line railroads and more than 70 ports with major population centers and agricultural towns [3] - Additional information about CSX and its subsidiaries can be found on the company's website [3]

Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and operational changes [1][3]. Financial Performance - Cleveland-Cliffs reported a larger than expected adjusted loss for Q1 2025, with a year-over-year revenue decline of 11% to $4.63 billion [3]. - The company's share price fell from $8.49 on May 7, 2025, to $7.15 on May 8, 2025, a decline of $1.34 per share [3]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices from late 2024 and early 2025 [3]. - Cleveland-Cliffs is repositioning its portfolio away from non-core markets, including rail, high-carbon sheet, and specialty plate products, and is focusing on the automotive industry [3].

Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential securities fraud following a disappointing financial report that revealed a larger than expected adjusted loss and a significant revenue decline [1][3]. Financial Performance - Cleveland-Cliffs reported a first-quarter revenue decline of 11% year-over-year, totaling $4.63 billion [3]. - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and the impact of lower index prices from late 2024 and early 2025 [3]. Stock Market Reaction - Following the financial results announcement, Cleveland-Cliffs' stock price dropped by $1.34 per share, or 15.78%, closing at $7.15 per share on May 8, 2025 [4]. Company Strategy - The CEO indicated a strategic shift to reposition the company's portfolio away from non-core markets, such as rail and high-carbon sheet products, and towards the automotive industry [3].

Company Overview - CSX Corp. is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural, and consumer products [3] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. and linking over 240 short-line railroads and more than 70 ports [3] Upcoming Event - Sean Pelkey, Executive Vice President and Chief Financial Officer of CSX, will address the Bank of America Industrials, Transportation & Airlines Key Leaders Conference in New York on May 13 at 8 a.m. Eastern time [1] - The address will be broadcast live via webcast, with a replay available after the event [2]