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CSX Corporation (CSX)

  • Feb. 11, 2013, 11:00 AM
    A bullish piece in Barron's on the prospects for CSX (CSX +3%) appears to be tipping sentiment positive for several railroad sector peers. Though a boom in coal demand isn't expected, the rate of decline in shipments is already slowing and could reverse itself in the next year which bodes well for the railroad industry. Advancers: NSC +2.0%, CP +1.3%, UNP +1.1%.
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  • Feb. 11, 2013, 8:37 AM
    CSX +1.9% premarket after a Barron’s weekend report says shares of the railroad may remain on an upward path for a while, fueled by more stable coal demand and improvements to the company’s operations. While some see CSX as synonymous with coal's problems, the story says many investors have missed its aggressive response to the threat to its business.
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  • Jan. 24, 2013, 4:52 PM
    CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to predict the bottom of the coal market. In upgrading CSX shares to Outperform, RBC argues that the significantly low multiples at which the Eastern rails have been trading are poised to revert to more normalized levels. BMO also sees a brighter outlook for CSX on abating coal headwinds.
  • Jan. 22, 2013, 6:19 PM
    More on CSX Corp. (CSX): Q4 comes in-line on a slight beat to the revenue side, despite a slight 2% slip in total sales Y/Y. Net earnings also declined 3.1% as coal shipments slumped by 19%, largely due to a reduction in demand from utilities, though intermodal volume improved by 3.6% and automotive volumes climbed by 10%. Shares +1.4% AH.
  • Jan. 22, 2013, 4:03 PM
    CSX (CSX): Q4 EPS of $0.43 in-line. Revenue of $2.9B (-2% Y/Y) beats by $0.04B. (PR)
  • Jan. 22, 2013, 3:30 PM
    Commercial shipping traffic on the Mississippi River was halted at Granite City, Illinois after a vessel struck one of the Army Corp of Engineers locks on the river. The low level of several rivers in the Midwest has helped stoke up extra demand for railroad carriers as an alternative for transport.
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  • Jan. 22, 2013, 12:05 AM
    Notable earnings after Tuesday’s close: AMD, CA, CPWR, CREE, CSX, EZPW, GOOG, IBM, IGT, ISRG, NSC, RFMD, TSS, TXN
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  • Jan. 21, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AMD, CA, CPWR, CREE, CSX, EZPW, GOOG, IBM, IGT, ISRG, NSC, RFMD, TSS, TXN
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  • Jan. 10, 2013, 7:41 AM
    Raymond James downgrades CSX (CSX) to Market Perform from Outperform based on its cautious outlook for the coal. The company also was lowered by Goldman Sachs to Neutral from a previous rating of Buy. CSX -1.3% premarket.
  • Jan. 9, 2013, 10:58 AM
    Railroad companies could see more demand with more reports now out that the low level of the Mississippi River will limit the ability of barges to run up and down the river. The biggest danger is that a 200-mile stretch of the mighty river between St. Louis, Missouri and Cairo, Illinois could be effectively closed. Waiting in the wings: CSX, RA, CNI, PWX, GWR, CP, NSC, KSU, UNP.
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  • Jan. 8, 2013, 6:15 PM
    Goldman Sachs' 23 best stocks for fat dividends and big buybacks: AIZ, UFS, VR, CCE, WYN, HFC, LOW, AMP, MPC, NSC, AXS, FITB, AMAT, PFE, JPM, DELL, RSG, PRU, BLK, CSX, GLW, TRV, CMCSA.
  • Dec. 21, 2012, 12:31 PM
    In something of a man-bites-dog story, a jury in West Virginia finds two attorneys at a Pittsburgh-based firm guilty of civil racketeering for conspiring to fix evidence in an asbestos case filed against CSX (CSX -0.8%). The railroad operator won $429K in the case, an amount than can end up being tripled under the terms of the RICO Act.
  • Dec. 4, 2012, 6:29 AM
    Booming trade between Mexico and the U.S. is proving a boon to railroad, trucking and logistics firms. Union Pacific's (UNP) cross-border carloads, for example, increased 6% in the first nine months of 2012, well above its overall volume growth of 1%. Other companies that are benefiting include Kansas City Southern (KSU), CSX (CSX), Norfolk Southern (NSC), J.B. Hunt (JBHT), Swift Transportation (SWFT), Celadon (CGI) and Pacer (PACR).
    | 1 Comment
  • Nov. 30, 2012, 9:22 AM
    A collapsed rail bridge in southern New Jersey caused a derailment of a Conrail freight train with hazardous chemicals on board. Norfolk Southern (NSC) and CSX (CSX) own the Conrail railroad line, holding 42% and 58% respectively.
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  • Oct. 24, 2012, 3:57 PM
    Norfolk Southern's (NSC -7.5%) dismal Q3 results prompt three downgrades, including Citigroup's reduction of its stock rating to Neutral from Buy. "Earnings headwinds are likely to persist into 1H13 due to sharp Y/Y declines in export coal volumes and the company's relative inability to manage short term costs in a weak volume environment," Citi writes. Also, CSX -3.4%.
  • Oct. 24, 2012, 11:23 AM
    Shares of Norfolk Southern (NSC -7.1%) trade lower after the company warns it sees a coal slump extending well into 2013. Other railroad stocks are also getting hit on the news. CSX -2.6%, UNP -1.1%, GWR -1.2%.
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Company Description
CSX Corporation operates as a transportation supplier. It provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
Sector: Services
Industry: Railroads
Country: United States