CSX Corporation

CSX Corporation is a publicly traded transportation source operating freight railroad networks in 23 states.

Categories

Industrial Manufacturing  

#224

Rank

$68.49B

MarketCap US

US United States

Country

Summary

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 20,000 route mile rail network, which serves various population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,600 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.


History

CSX Corporation is an American holding company based in Jacksonville, Florida. It was founded in 1978 when the Chessie System merged with the Seaboard Coast Line to form CSX. The company provides rail-based transportation services, including traditional rail service and transport of intermodal containers and trailers. In addition, CSX also owns and operates a business unit dedicated to commercial real estate development and leasing. Throughout its history, CSX has acquired and merged with other companies, typically railroads and real estate portfolios. In 1980, Seaboard Coast Line Industries, Inc. and Family Lines System were acquired. In 1986 and 1987, Chessie System and Seaboard Coast Line acquired Louisville and Nashville Railroad and the Monon Railroad, respectively. In 1991 CSX acquired Conrail, a freight railroad operating in the Northeastern United States. In 1997, CSX and Conrail split into two operating companies, CSX Corporation and Conrail Corporation. In 2001, CSX acquired the Baltimore & Ohio Railroad and its subsidiaries. In addition, CSX Corporation has also sold off assets, including its intermodal, truck trailer and container leasing business. In 2005, CSX sold off its real estate portfolio to a private equity firm and in 2006, CSX sold its intermodal business to a subsidiary of Maersk. In 2010, CSX sold its automotive interchange business to another transportation services provider. Today, CSX Corporation is still a leading provider of rail-based transportation services and is dedicated to creating value for its customers and stakeholders.


Mission

CSX is dedicated to safely providing efficient transportation and supply chain solutions to promote the growth of our customers and the regions we serve.


Vision

CSX is focused on delivering superior service to customers, connecting people and businesses safely and responsibly, and being a good corporate citizen.


Key Team

J. Steven Whisler (Board Member)

John J. Zillmer (Board Member)

Kevin S. Boone (Executive Vice President - Sales & Marketing)

Nathan D. Goldman (Executive VP, Chief Legal Officer & Corporate Secretary)

Jamie J. Boychuk (Executive Vice President - Operations)

Mike Pendergrass (Chief Transportation Officer and Vice President of Transportation)

Paul C. Hilal (Board Member)

Sean R. Pelkey (Executive Vice President and Chief Financial Officer)

Carl Walker (Chief Engineer Communications and Signals)


Recognition and Awards
Dow Jones Sustainability Index: CSX has been included in the Dow Jones Sustainability Index for North America for 11 consecutive years (as of 2021). CDP Climate Change A List: CSX has been recognized by CDP (formerly the Carbon Disclosure Project) for its efforts to combat climate change and has been included in the Climate Change A List for five consecutive years (as of 2021). Ethisphere Institute's World's Most Ethical Companies: CSX has been recognized by the Ethisphere Institute as one of the World's Most Ethical Companies for 10 consecutive years (as of 2021). Military Friendly Employer: CSX has been recognized as a Military Friendly Employer by Victory Media for 12 consecutive years (as of 2021). Forbes America's Best Employers: CSX has been recognized by Forbes as one of America's Best Employers for three consecutive years (2018-2020). Corporate Equality Index: CSX has received a score of 100 on the Corporate Equality Index (CEI) for five consecutive years (as of 2021). The CEI is a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. Green Supply Chain Award: CSX has received the Green Supply Chain Award from Supply & Demand Chain Executive for its commitment to sustainability and reducing its environmental impact. Safe-To-Work Award: CSX has received the Safe-To-Work Award from EHS Today for its commitment to safety and providing a safe working environment for its employees.

References
CSX Corporation
Leadership team

Sarah Kathleen Brandt (Senior VP/CIO)

Diana B. Sorfleet (Executive Vice President and Chief Administrative Officer)

Industries

Industrial Manufacturing

Number of Employees
20,000 - 50,000
Headquarters
CSX Transportation Building Jacksonville, Florida, U.S.
Established
1978
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000088128
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
CSX
Social Media

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Fri Mar 01 2024
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