Latest News of CSX
CSX CEO talks tariffs and manufacturing: 'As long as the economy's growing, we'll be a part of it'
By CNBC |
1 week ago
CSX CEO Joe Hinrichs discussed how changing tariffs and manufacturing could impact the railroad line, stating that as long as the U.S. economy is growing, they are well-positioned to handle trade shif...
Regulatory Issues And Soft Demand Continue To Weigh Down On CSX Corp (CSX) Stock
By Yahoo! Finance |
3 weeks ago
CSX Corp, a rail transportation company, is facing challenges due to soft demand, increasing debt, and accounting issues. Despite its extensive rail network, the company's stock has remained flat sinc...
What's Behind The 7% Fall In CSX Stock?
By Forbes |
1 month ago
CSX reported Q3 results slightly below estimates, with revenue at $3.6 billion and earnings at $0.46 per share. Revenue rose 1% y-o-y, driven by Merchandise segment growth but hindered by coal freight...
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CSX price target lowered to $35 from $36 at RBC Capital
By Yahoo! Finance | 1 month agoRBC Capital reduced CSX's price target to $35 and maintained a Sector Perform rating due to Q3 earnings miss and reduced outlook, blamed on bad weather. Analysts anticipate further impact in Q4 from r...
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CSX Third Quarter 2024 Earnings: Misses Expectations
By Yahoo! Finance | 1 month agoThe chart displays figures for the trailing 12-month period. Revenue and EPS missed analyst estimates by 1.5% and 4.0% respectively. Future revenue is projected to grow 3.5% annually for the next 3 ye...
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SEC subpoenas CSX over misstatements in financial reports
By Yahoo! Finance | 1 month agoCSX Corp. received a subpoena from the SEC regarding misstatements in financial reports, with ongoing investigations and information requests. Despite flat revenue in the second quarter, recent report...
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CSX Shares Fall After Disclosure of SEC Subpoena Over Accounting Restatement
By MarketWatch | 1 month agoCSX shares fell on Thursday after the company received a subpoena from the SEC regarding an accounting restatement. The company stated it believes it complied with reporting requirements but can't pre...
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Regulators approve CPKC, CSX acquisition of Meridian & Bigbee
By Yahoo! Finance | 1 month agoThe Surface Transportation Board has approved the acquisition of the Meridian & Bigbee Railroad by Canadian Pacific Kansas City and CSX Transportation, creating a new direct connection in Alabama. The...
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Q3 2024 CSX Corp Earnings Call
By Yahoo! Finance | 1 month agoThe conference call featured discussions from CSX Corp executives on their third-quarter earnings. Key topics included volume growth, service levels, operational performance, margin challenges, labor ...
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CSX Corp (CSX) Q3 2024 Earnings Call Highlights: Strong EPS Growth Amid Weather Challenges
By Yahoo! Finance | 1 month agoCSX has distributed over $1.9 billion to shareholders year-to-date. During the earnings call, executives discussed maintaining a positive spread between price and cost, managing headcount efficiently,...
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CSX sees slight revenue gain, feels impacts of hurricanes
By Yahoo! Finance | 1 month agoCSX faces over $200 million in reconstruction costs due to Hurricanes Helene and Milton, affecting third and fourth-quarter earnings. Despite challenges, CSX reported revenue growth and operational im...
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Stocks to Watch: Tesla, CSX, Alcoa
By MarketWatch | 1 month agoElon Musk appoints Omead Afshar to oversee Tesla operations in North America and Europe due to increased competition and cooling demand. CSX reports higher profit in Q3 but expects challenges in Q4....
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CSX stock falls as railroad warns on impact of hurricanes, lower fuel prices
By MarketWatch | 1 month agoCSX Corp's stock dropped in after-hours trading as the company warned of challenges in the fourth quarter due to lower fuel prices, reduced coal demand, and hurricane impacts on its operations. The ra...
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CSX reports 7% increase in operating income during third quarter
By Yahoo! Finance | 1 month agoCSX Corp. announced third-quarter financial results, reporting $1.35 billion in operating income and $894 million in net earnings. The railroad saw a 3% increase in total volume and a 1% increase in r...
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Railroad firm CSX misses profit estimates on sluggish coal volumes
By Yahoo! Finance | 1 month agoCSX reported lower-than-expected third-quarter profit due to decreased coal volumes offsetting stronger pricing. Operating margin improved, but coal demand is stressed by factors like consumer shift t...