CSX 📈 CSX - Overview

CSX Corporation is a leading provider of rail-based freight transportation services, operating through a network of subsidiaries to offer a comprehensive range of transportation solutions. The company's services include rail transportation, intermodal container and trailer movement, as well as specialized services like rail-to-truck transfers and bulk commodity operations. This enables the efficient movement of goods such as chemicals, agricultural products, minerals, and automotive parts, among others. Furthermore, CSX plays a critical role in transporting coal, coke, and iron ore to power plants, steel manufacturers, and industrial facilities, in addition to exporting coal to deep-water ports.

The company's intermodal services are facilitated through a network of approximately 30 terminals, which are strategically located to transport manufactured consumer goods in containers. This is complemented by drayage services, including the pickup and delivery of intermodal shipments, to provide a seamless door-to-door experience for customers. CSX also caters to the automotive industry by providing distribution centers and storage locations, while connecting non-rail served customers through the transfer of products like plastics and ethanol from rail to trucks. This highlights the company's ability to adapt to the diverse needs of its customers and provide tailored solutions to support their supply chains.

CSX operates an extensive rail network spanning approximately 20,000 route miles, serving key population centers in 26 states east of the Mississippi River, as well as the District of Columbia and the Canadian provinces of Ontario and Quebec. The company's fleet consists of around 3,500 locomotives, which are either owned or leased, to ensure the efficient movement of goods across its network. By providing track connections to production and distribution facilities, CSX enables businesses to streamline their logistics operations and improve their overall supply chain efficiency. With a history dating back to 1978, CSX Corporation is headquartered in Jacksonville, Florida, and is a major player in the rail transportation industry.

From a business perspective, CSX Corporation is a common stock listed on the NASDAQ exchange, with the ticker symbol CSX. The company's operations fall under the rail transportation sub-industry, as classified by the Global Industry Classification Standard (GICS). With a strong web presence, CSX can be found online at https://www.csx.com, providing easy access to information on its services, network, and operations. The company's ISIN, US1264081035, is a unique identifier used to facilitate international trading and clearance of its securities.