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CSX Corporation (CSX)

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  • 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.
    | 1 Comment
  • 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.
    | 17 Comments
  • 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.
    | 2 Comments
  • 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.
    | 1 Comment
  • 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%.
    | 7 Comments
  • 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%.
    | 4 Comments
  • Oct. 16, 2012, 6:12 PM
    More on CSX's Q3 results: The railroad blames the 1.9% drop in earnings on slumping demand for coal by electric utilities. Coal shipments fell 16% Y/Y, vs. 14% declines in both Q1 and Q2. Coal has accounted for ~20% of CSX's total volume and nearly 28% of revenue YTD. Total Q3 shipment volume fell 1.2%, although the figure would have been up ~3.5% aside from coal. CSX +1.2% AH.
    | 4 Comments
  • Oct. 16, 2012, 4:08 PM
    CSX (CSX): Q3 EPS of $0.44 beats by $0.01. Revenue of $2.89B (-2% Y/Y) misses by $40M. Shares +1.5% AH. (PR)
    | 1 Comment
  • Oct. 16, 2012, 12:10 AM
    Notable earnings after Tuesday’s close: APOL, CREE, CSX, FTNT, FULT, IBM, INTC, ISRG, LLTC, URI
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  • Oct. 15, 2012, 5:35 PM
    Notable earnings after Tuesday’s close: APOL, CREE, CSX, FTNT, FULT, IBM, INTC, ISRG, LLTC, URI
    | Comment!
  • Oct. 11, 2012, 6:57 AM
    U.S. equities get upgraded to Overweight at Citigroup thanks to "the combination of strong EPS momentum and a very aggressive central bank." The S&P 500 will score a 12% gain by year's end, predicts Tobias Levkovich. The "most-favored" 20 global stocks includes these from the U.S.: AES, CSX, GS, GOOG, QCOM, SBUX, AES.
    | 7 Comments
  • Oct. 3, 2012, 2:06 PM
    CSX (CSX) declares $0.14/share quarterly dividend, in line with previous. Forward yield 2.71%. For shareholders of record Nov 30. Payable Dec 14. Ex-div date Nov 28. (PR)
    | 1 Comment
  • Oct. 3, 2012, 7:57 AM
    Is a railroad recovery in the offing? Bernstein upgrades a pair of railroad names, taking both CSX (CSX) and Norfolk Southern (NSC) to Market Perform from Underperform. The firm's action hits with news out that the U.S. freight rail industry will invest $23B using private money for infrastructure upgrades this year.
    | 4 Comments
  • Sep. 28, 2012, 5:15 PM
    The Dow Jones Transports were a notable underperformer in Q3, -3.4% vs. +6.6% for the DJIA, and they trailed the broader market again today. Overseas Shipholding (OSG -6.4%) was a notable laggard within the group, and railroads remained weak: CSX -1.7%, KSU -1.5%. If economic data stays sluggish, it's just a question of when, not if, declining transports bleed into the broader market.
    | 11 Comments
  • Sep. 19, 2012, 4:25 PM
    Norfolk Southern (NSC) lowers its Q3 earnings outlook due to declines in certain markets and lower revenues from fuel surcharges. NSC expects decreased coal and merchandise shipments, offset in part by growth in intermodal volumes, to reduce revenues by ~$120M Q/Q. NSC -5.8% AH, other rails also move lower: CSX -4.8%, KSU -3.5%, UNP -2%.
    | 9 Comments
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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