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CSX Corporation (CSX)

  • 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.
  • 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.
  • 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.
  • 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%.
  • Sep. 4, 2012, 9:42 AM
    Dahlman Rose downgrades eastern rails CSX (CSX -2%) and Norfolk Southern (NSC -1.5%) to Hold (I, II) on concerns that export met coal price declines could pressure volume and pricing. Though the firm's long-term rail outlook remains favorable, it is more cautious in the near- to medium-term, lowering its estimates below consensus for both stocks.
  • Aug. 21, 2012, 11:26 AM
    The derailment of a CSX freight train near Baltimore has led to two fatalities and created a massive pile of coal and crushed automobiles, according to local reports. The NTSB will investigate the crash to determine the cause.
  • Aug. 8, 2012, 3:32 PM
    Another sign of housing strength, Union Pacific (UNP) is pulling rail cars from storage for the first time in 4 years to keep up with demand for lumber from homebuilders. North American carloads of lumber and wood products through July 28 were up 10% Y/Y vs. a 1.4% decline in total carloads.
  • Jul. 27, 2012, 10:59 AM
    CSX (CSX +1.6%) moves higher following CEO Michael Ward's sit-down with Jim Cramer. Ward says U.S. coal shipments have slumped 33% from last year to 1M carloads in 2012, but 80% of its other industries are either stable or improving, including lumber, which is closely tied to housing development. Auto shipments are up 27%; chemicals, nat gas and oil shipments also up.
  • Jul. 18, 2012, 11:37 AM
    A protracted slump in coal demand could continue to hit results for railroad companies as power plants increasingly shift to natural gas in the U.S. A warm winter already left stockpiles high before low natural gas prices reinforced the trend away from coal. In the line of fire: CSX (CSX -0.1%), Kansas City Southern (KSU -0.5%), Union Pacific (UNP +0.3%), Norfolk Southern (NSC -0.1%) - and to a lesser degree Berkshire Hathaway (BRK.A, BRK.A) with its Burlington Northern holding.
  • Jul. 17, 2012, 4:06 PM
    CSX (CSX): Q2 EPS of $0.49 beats by $0.03. Revenue of $3.01B (flat Y/Y) misses by $40M. Shares -0.5% AH. (PR)
  • Jul. 17, 2012, 12:10 AM
    Notable earnings after Tuesday's close: CSX, FIS, INTC, URI, WYNN, YHOO
    | 1 Comment
  • Jul. 16, 2012, 5:35 PM
    Notable earnings after Tuesday's close: CSX, FIS, INTC, URI, WYNN, YHOO
    | Comment!
  • Jul. 12, 2012, 10:46 AM
    Goldman Sachs takes up coverage on railroad stocks again with a bullish view that the transportation industry has more upside after years of near stagnation. The firm adds Canadian Pacific (CP -0.5%) to its Conviction Buy List and tags CSX (CSX -1.5%) with a Buy rating.
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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