ShipCSX  /  REPORT AN EMERGENCY: 1-800-232-0144

 
CONTACT US
SOCIAL MEDIA
PRESS RELEASES
TWITTER FEED

FOLLOW US ON TWITTER
FACEBOOK FEED
FOLLOW US ON FACEBOOK
INSTAGRAM FEED

officialcsx  #RailSafety Education: it's how we're keeping our communities safe and ready for their next move. BeyondOurRails.org

 

 

 


FOLLOW US ON INSTAGRAM
YOUTUBE FEED

SUSCRIBE TO OUR YOUTUBE CHANNEL
LINKEDIN FEED

CSX $1.75 billion. That’s how much we’ve invested to keep our moves green: http://bit.ly/2lPT7Ve

 

 
FOLLOW US ON LINKEDIN
CONTACT US

Contact CSX

To contact CSX for non-emergency issues, use TellCSX.

Report an Emergency: 1-800-232-0144

Report any issue that risks the safety of any person immediately. Be prepared to tell us your name, location and what you observed.

Corporate Headquarters

500 Water Street, 15th Floor
Jacksonville, FL 32202
904-359-3200

CSX Transportation, Inc.

500 Water Street
Jacksonville, FL 32202
904-359-3100

MORE CONTACT INFO

CSX Well-Positioned for Continued Profitable Growth as Long-Term Trends Favor Rail Transportation


JACKSONVILLE, Fla. – September 11, 2014 – As global freight demand increases and American highways remain overcrowded and underfunded, CSX is building on a proven track record of success for shareholders by capitalizing on growth opportunities across nearly all of its markets, Chief Financial Officer Fredrik Eliasson told investors and analysts today at the UBS Best of Americas conference in London. The company is leveraging the most diverse business mix in its history, supported by a rail network that connects Eastern ports to major consumption regions and reaches more than two-thirds of American consumers. 

“By capitalizing on CSX’s network reach, adapting to evolving market conditions, including secular growth trends in intermodal and changes in the energy markets, and deploying cash within a balanced framework, CSX has delivered strong financial results for shareholders,” Eliasson said. "The investments CSX has made in market diversity and network reach, coupled with freight demand projections in the next decade, have positioned the company to continue delivering sustainable, profitable growth by capitalizing on the efficiency of rail to serve the needs of a growing global population.”

The company’s strong track record includes stock appreciation for shareholders of more than 150 percent since 2006, significantly outperforming the broader market. During that time, CSX nearly doubled earnings per share, quintupled dividends and bought back more than $8 billion in stock. The company produced these results during a transformative period that included a global financial crisis and recession, the collapse of the housing market, and a transition in the energy markets that halved the company’s domestic coal volume. 

Today, economic expansion is spurring broad-based growth across nearly all markets that CSX serves, as the housing market continues to recover, a second strong harvest is expected and the energy renaissance continues to drive growth in the industrial sector. At the same time, the company continues to leverage the secular trend in intermodal conversion and expand key facilities to handle increasing demand across the network. With a unique approach that combines a hub-and-spoke model with the more traditional corridor service, CSX is well-positioned to capitalize on the nearly 9 million truckloads in the East with the potential for intermodal conversion. 

CSX continues to capitalize on these and other opportunities, and in the third quarter, overall volume is growing at a rate slightly higher than expected. The company is investing to accommodate this growth, and while the network remains stable, gradual improvement is expected to continue into 2015. As a result of these factors, the company now expects earnings per share to be up slightly from the $0.45 recorded in the same period last year, despite the increased costs to keep the network fluid and restore higher service levels, as well as the cycling of certain prior-year benefits. In addition, CSX continues to expect modest full-year earnings per share growth for 2014.

Economic trends and the company’s continued commitment to leveraging high-growth opportunities underpin confidence in its ability to return to generating double-digit earnings growth and margin expansion beginning in 2015. Longer term, the company continues to target an operating ratio in the mid-60s, and will continue generating shareholder value by maintaining its focus on inflation-plus pricing, continually improving efficiency across the business, and capitalizing on economic trends. 

Investors can visit http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-irhome for more information about CSX's financial performance.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.  For more than 185 years, CSX has played a critical role in the nation’s economic expansion and industrial development.  Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides.  It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and small farming towns alike.  More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://www.facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).

Contact: 
David Baggs, Investor Relations
904-359-4812

Melanie Cost, Corporate Communications
904-359-1702