CSX (CSX) PT Lowered to $36 at RBC Capital
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CSX Corp. Announces First Quarter 2024 Results
April 17, 2024 4:01 PM EDTJACKSONVILLE, Fla., April 17, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced first quarter 2024 operating income of $1.35 billion compared to $1.46 billion in the prior year period. Net earnings were $893 million, or $0.46 per diluted share, compared to $987 million, or $0.48 per diluted share, in the same period last year. Total volume of 1.53 million units for the quarter was 3% higher compared to first quarter 2023, with intermodal volume up 7%, coal volume up 2%, and merchandise volume flat.
Working together, the ONE CSX team delivered a good start to the year that was in-line with... More
CSX Unveils Its First Hydrogen-Powered Locomotive in Collaboration with CPKC
April 16, 2024 2:16 PM EDTJACKSONVILLE, Fla., April 16, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) has unveiled its first hydrogen-powered locomotive, marking a significant milestone in sustainable freight transportation. This pioneering achievement is the result of a successful partnership between CSX and Canadian Pacific Kansas City (CPKC) and demonstrates the companys commitment to innovation and environmental stewardship.
The hydrogen locomotive was converted from an existing diesel locomotive using a hydrogen conversion kit developed by CKPC. The transformation took place at the CSX locomotive shop in Huntington, W.Va.
"The successful debut of our first... More
