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CSX Corporation (CSX)

  • Jul. 11, 2012, 3:40 PM
    CSX Corp (CSX): Declares $0.14/share quarterly dividend, in line with previous. Dividend yield 2.5%. For shareholders of record Aug 31; payable Sep 14; ex-div date Aug 29. (PR)
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  • Jul. 10, 2012, 7:23 AM
    The bankruptcy filing from Patriot Coal should only have a minimal near-term impact on CSX (CSX), according to Jefferies as the firm backs its Buy rating on the transportation supplier. CSX is listed as the 6th largest creditor on the filing from Patriot Coal.
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  • Jul. 2, 2012, 9:31 AM
    JPMorgan tips railroad companies to beat estimates with their Q2 report as lower fuel prices kick in to improve profits. The rosy outlook on the industry comes against the larger backdrop of a sputtering economy and a price-fixing case that could pester companies for years as it works through the courts. On watch: CSX, NSC], CNI, UNP
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  • Jun. 22, 2012, 10:07 AM
    Railroad stocks open weak across the board after a price fixing case places the spotlight back on regulation and antitrust issues in the industry. Decliners: NSC -1.2%, CSX -2.6%, KSU -1.8%, UNP -1.3%, GWR -0.8%, CNI -0.7%.
  • Jun. 22, 2012, 8:40 AM
    Railroad companies could see a setback after a consolidated price fixing case moves forward through the courts. The lawsuits date back to 2007 and have a political edge with Congressman battling over regulation in the industry. On watch: CSX, NSC, UNP, and Berkshire's BRK.A Burlington Northern Southern.
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  • May. 18, 2012, 2:37 PM
    Kansas City Southern (KSU -0.1%), Norfolk Southern (NSC -0.8%) and CSX (CSX -0.7%) report strong growth in auto shipments but weakness in coal hauling. "The big driver is lower natural gas," CSX says. "Utility coal will have a long term place in our energy supply. We think we're going to stabilize that decline [but] we're not counting on a big uptick."
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  • Apr. 18, 2012, 11:31 AM
    CSX provided the first evidence of the railroad industry’s continuing strong recovery when it published Q1 earnings that rose 14% to a record $449M. Solid gains in merchandise shipping (up 6%)  and intermodal traffic (up 9%) more than outweighed the 14% drop in coal movements. CSX is the first of the top U.S. railroads to release Q1 results.
  • Apr. 17, 2012, 4:34 PM
    More on CSX: Q1 earnings beat on both revenue and a per share basis, despite anemic coal volume growth due to slumping demand. Net earnings still managed to rise by 14% Y/Y however, as the railroad reported an 8.5% increase in intermodal volume, which helped to offset the decline. Intermodal volume accounts for about 35% of CSX's overall business, while coal volume accounts for about 25%.
  • Apr. 17, 2012, 4:25 PM
    CSX (CSX): Q1 EPS of $0.43 beats by $0.05. Revenue of $3B (+6% Y/Y) beats by $70M. Shares +2.5% AH. (PR)
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  • Apr. 17, 2012, 12:10 AM
    Notable earnings after Tuesday's close: CREE, CSX, EWBC, FULT, IBM, INTC, LLTC, STX, SYK, URI, YHOO
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  • Apr. 16, 2012, 5:35 PM
    Notable earnings after Tuesday's close: CREE, CSX, EWBC, FULT, IBM, INTC, LLTC, STX, SYK, URI, YHOO
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  • Apr. 13, 2012, 11:21 AM
    Genesee & Wyoming's (GWR -1.6%) March rail traffic fell 13.6% Y/Y, and Q1 traffic slid 9.2% Y/Y, mostly due to huge dropoffs in coal shipments. Coal represents the largest volume of traffic on U.S. railroads, which have hauled nearly 200K fewer carloads of coal this year than last year. CSX -1.1%, UNP -1%, KSU -0.6%, NSC -0.4%.
  • Mar. 15, 2012, 3:45 PM
    The AAR's weekly gauge of rail traffic shows that for the first ten weeks of 2012 U.S. railroad cumulative volume is 1.4% lower than a year ago. Across the continent, Mexico's YTD railroad traffic is down 7.2%, while Canada has seen a pickup of 6.7%.
  • Mar. 15, 2012, 2:25 PM
    A slow coal recovery will inhibit Norfolk Southern (NSC +5.7%) and CSX (CSX +7.7%) "for several quarters," Barclays says, but "solid pricing fundamentals and relatively stable western coal dynamics create a bright outlook" for Union Pacific (UNP +5.9%). The firm stays bullish on CSX since "a lower valuation and forecast cost reductions this year provide some buffer."
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  • Mar. 13, 2012, 11:57 AM
    CSX (CSX -0.5%) slips after Bernstein downgraded the shares to Underperform from Market Perform, saying it expects the company's coal revenue to drop 13% in 2012.
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  • Mar. 5, 2012, 1:52 PM
    Railroad stocks look attractive for a gamut of reasons, argues SA author Takeover Analyst. Strong management, high barriers to entry, and low valuations are all working in the favor of a sector that looks positioned to gain from secular trends. Railroad plays to watch include UNP, NSC, and CSX - as well as takeover candidates PRRR.PK and PWX.
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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