JACKSONVILLE, Fla., Feb. 22, 2016 (GLOBE NEWSWIRE) -- This morning as of market open, CSX (Nasdaq:CSX) became a component of the Nasdaq-100 Index® (Nasdaq:NDX), the world’s preeminent large-cap growth index. The Nasdaq-100 Index is composed of the 100 largest non-financial stocks listed on the Nasdaq Stock Market based on market capitalization.
“We are pleased to join the influential and successful group of companies that make up the Nasdaq-100 Index,” said Frank Lonegro, executive vice president and chief financial officer. “Inclusion on the Nasdaq-100 Index reflects CSX’s strong track record of delivering shareholder value despite challenging business conditions.”
CSX currently has a market capitalization of approximately $25 billion. Launched in 1985, the Nasdaq-100 Index now represents more than $5 trillion in market capitalization and includes industry-leading companies in a variety of sectors from science and technology to retail and transportation.
About CSX and its Disclosures
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 nearly 190 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 farming towns alike.
This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material.
Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Slideshare (http://www.slideshare.net/HowTomorrowMoves).
The social media channels used by CSX may be updated from time to time. More information about the company and its subsidiaries is available at www.csx.com and on Facebook (http://www.facebook.com/OfficialCSX).
David Baggs, Investor Relations
Melanie Cost, Corporate Communications