CSX Stock Recent News

CSX's efforts to reward shareholders bode well for the company. However, a surge in operating expenses is a major headwind.

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.

The deals, on successful ratification, are set to help the concerned CSX workers eligible for higher wages.

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).

CSX Corporation is a leading transportation company in the US, offering freight transportation by rail, intermodal containers, and bulk commodity transport. CSX's protective moat includes first mover advantage, legal barriers to new construction, and pricing power, leading to high returns on equity. CSX has stable and wide profit margins, high returns on equity, and aggressively repurchases shares with its operating cash flows.

Joe Hinrichs, CSX president and CEO, joins 'Squawk on the Street' to discuss his company's earnings reports, inflation, east coast labor talks, and more.

CSX Corp (NASDAQ:CSX) stock is up 4% at $34.31 at last glance, after the company's second-quarter results.

Merchandise revenues increase 5% year over year at CSX in the second quarter of 2024.

CSX Corporation has outperformed the market with a 290% returns over ten years, despite economic headwinds and a challenging environment for railroads. The company focuses on operational efficiency, new growth opportunities, and a mix of consistent dividend growth and aggressive share buybacks. Despite cyclical challenges, CSX remains a top dividend pick, with strong fundamentals, a healthy balance sheet, and promising prospects for future growth.

CSX Corporation (NASDAQ:CSX ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations and Strategy Joseph R. Hinrichs - President and Chief Executive Officer Mike Cory - Executive Vice President and Chief Operating Officer Kevin Boone - Executive Vice President and Chief Commercial Officer Sean Pelkey - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Ossenbeck - J.P.