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NAS:CSX, Jul 10, 05:33 UTC

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Monday, June 29


News

Metso to Deliver a Rotary Railroad Car Dumper System to CSX Transportation in the USA

CSX

The delivery includes two complete Dumper Barrel assemblies, a complete Hopper System with Grizzlies, a Unit Train Positioner Operation, and installation. "We have a long-standing business partnership with Metso. We selected them for this project because of their technical expertise and for providing the best long-term value for our company," says Larry Gelo, Director of Equipment Design, CSX. Overall efficiency of the dumping operation will be improved via the use of NolanTM Car movers that are mounted on the dumper barrels to spot the loaded cars as well as eject the empty cars. Metso is a global leader in dumper technology with over 400 dumper system deliveries throughout the world, bringing the best available technology to the customers to enhance their operations though efficiency and availability.

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Friday, June 12


News

CSX's Ed Harris retiring

CSX HRS

CSX will fold the safety and facilities groups Harris oversaw into CSX's operations group as his August 1 retirement date approaches. Harris, a 50-year industry veteran, has been with CSX since January 2018, serving as executive vice president of operations before moving to his current role of executive vice president overseeing safety, performance metrics and operational planning. Harris' background includes working with current CSX CEO Jim Foote and the late Hunter Harrison as they implemented the precision scheduled railroading (PSR) model at CN (NYSE:CNI), known also as Canadian National, according to his biography on the CSX website. "I've been fortunate to have played a role in several successful transformations over the years, but this experience at CSX was by far the most rewarding and satisfying of my career and what I'm most proud of. It was an honor to work alongside the best railroaders in the industry and I wish Jim [Foote] and the entire leadership team all the success in the future," Harris said.

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Thursday, May 28


News

CSX Honored with a 2020 Halo Award for Social Impact Nasdaq:CSX

CSX

From connecting with families to bridge the civilian-military divide, to raising funds and participating in events, to writing letters of gratitude and packing care pouches, CSX employees have contributed nearly 5,000 hours to the cause and reached 85,000 individuals in the first full year of this program. “CSX is honored to be recognized by Engage for Good with this prestigious gold halo award for our Pride in Service program,” said Nathan Goldman, executive vice president and chief legal officer for CSX. The companies that have been able to quickly pivot and make a meaningful impact are the ones that already had a strong corporate social impact foundation they could activate and further engage during this time of crisis,” said Engage for Good President David Hessekiel. While the pandemic has postponed in-person service events in CSX’s markets of operation, it has not stopped CSX from supporting the issue in creative ways. Engage for Good, producer of the Engage for Good conference and Halo Awards, helps business and nonprofit executives succeed together by providing practical information and inspiration, opportunities to build valuable relationships and recognition for outstanding work engaging employees and consumers around social good and cause-related marketing efforts.

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News

ISACA Enhances CSX Cybersecurity Practitioner Certification

CSX

According to State of Cybersecurity 2020, hands-on cybersecurity training, experience and credentials are the top three factors that help a hiring manager determine if a cybersecurity job candidate is qualified. To help individuals prove their qualifications—and help hiring managers quickly identify skilled candidates—ISACA has updated its performance CSX Cybersecurity Practitioner (CSX-P) certification with expanded job tasks that span and test across five key security functions – Identify, Protect, Detect, Respond, and Recover. Certification candidates will also be able to receive quick feedback when both preparing for and taking the exam. For those seeking to become CSX-P certified, the CSX Cybersecurity Practitioner Certification Prep Course provides real-time scoring that allows professionals to immediately identify areas in which they need more focus, also allowing cybersecurity professionals to quickly move forward with next steps in their career journey. ISACA also provides additional online training and professional development opportunities for cybersecurity professionals that can be accessed from home, including its Cybersecurity Fundamentals Certificate, CSX Technical Foundations Certificate and Cybersecurity Audit Certificate, as well as online courses and hands-on cybersecurity labs that cover topics from threat hunting, advanced forensic analysis, HTTP packet analysis, and DDoS detection to name a few.

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Tuesday, May 05


News

CSX Corp. Chief Financial Officer to Address Bank of America Securities Transportation and Industrials Conference

CSX

CSX Corp. Chief Financial Officer to Address Bank of America Securities Transportation and Industrials Conference. GlobeNewswire{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. JACKSONVILLE, Fla., May 05, 2020 (GLOBE NEWSWIRE) -- CSX Corp. (CSX) chief financial officer Kevin Boone will address the Bank of America Securities 2020 Transportation and Industrials Conference virtually Tuesday, May 12, at 8 a.m. Eastern time. This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com. About CSX. Contact:. Bill Slater, Investor Relations904-359-1334. Bryan Tucker, Corporate Communications855-955-6397.

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Thursday, April 23


News

CSX Seeks To Manage Expenses And Costs

CSX

CSX Corporation (NASDAQ: CSX) is seeking areas where it can cut even more costs as a way to counter the anticipated downturn in rail volumes in the second quarter due to the COVID-19 pandemic, according to executives speaking during the company's first-quarter earnings call on April 22. "We're focused on taking out structural costs" through measures such as eliminating train starts and keeping labor costs down, said CSX Chief Financial Officer Kevin Boone. As CSX's rail volumes have fallen by over 20% in recent weeks, CSX has adjusted operations to match rail demand, although some initiatives also serve a dual goal of improving network efficiencies, according to Jamie Boychuk, CSX executive vice president of operations. CSX has reduced its use of rail assets, including storing around 400 locomotives in March, and the company has eliminated 50 merchandise trains from its daily plan while keeping the merchandise train length consistent, Boychuk said. One reason why CSX's scenarios are so varied is because they have different rail volume inputs, he said. But one constant of sorts is CSX's expectations to spend roughly $1.6 billion to $1.7 billion on capital expenditures so that the railroad can conduct maintenance on its network and prepare it for a volume rebound, Foote said. However, CSX might revisit that total figure later this year as it still looks for potential non-essential spending items that it can defer to next year, he said. When asked about how CSX might benefit from the e-commerce boom that has been fueled even further by the COVID-19 pandemic, Foote said he saw two opportunities.

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Wednesday, April 22


News

CSX 1Q profit drops 8%, railroad withdraws outlook for year

CSX

— CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per share, during the quarter. The seven analysts surveyed by Zacks Investment Research expected earnings of 92 cents per share on average. But the freight railroad's revenue declined 5% to $2.86 billion and fell short of the $2.88 billion that Wall Street analysts expected. CSX CEO Jim Foote said almost everywhere he turns he is hearing negative news from the railroad’s customers, and there is no clear view of when conditions might improve.

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News

CSX pulls financial forecasts as profit and U.S. railroad volumes fall

CSX

(Reuters) - U.S. railroad operator CSX Corp (CSX.O) on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic weigh on the U.S. economy. The company, considered one of the most efficient U.S. railroads, also said profit fell less than expected in the latest quarter as cost controls helped offset revenue declines from shipments of products like coal, automobiles and fertilizer. Lockdowns due to the novel coronavirus are taking a toll on railroad volumes in the United States and Canada, Bernstein analyst David Vernon said in a client note. "The U.S. is marginally worse off, with a material deceleration in merchandise traffic joining weaker trends in coal and intermodal. We do not expect that volumes will improve before the economy re-opens, and we have little clarity on when that will be," Vernon wrote.

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Thursday, March 26


News

The Zacks Analyst Blog Highlights: Facebook, Fidelity National Information Services, American Express, NVIDIA and CSX

CSX AXP +3 more CSX AXP NVDA FB FIS

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. The Zacks analyst believes that Facebook is benefiting from growth in Instagram Stories and Feed, and expanding user base in Asia Pacific. Shares of Fidelity National Information Services have gained 7.6% over the past year against the Zacks Financial Transaction Services industry’s fall of 4.5%. Click to get this free report Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CSX Corporation (CSX) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Facebook, Inc. (FB) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Wednesday, March 25


News

CSX Corp. Announces Date for First-Quarter Earnings Release and Earnings Call

CSX

Announces Date for First-Quarter Earnings Release and Earnings Call. JACKSONVILLE, Fla., March 25, 2020 (GLOBE NEWSWIRE) -- CSX Corp. (CSX) will release first-quarter financial and operating results after the market close on Wednesday, April 22, 2020. 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 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. 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 Facebook (http://www.facebook.com/OfficialCSX).

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