Profile: CSX Corp (CSX)
10 Jul 2014
CSX Corporation (CSX), incorporated in 1978, together with its subsidiaries, is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. CSX’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links customers to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.
In addition to CSXT, the Company’s subsidiaries include CSX Intermodal Terminals, Inc. (CSX Intermodal Terminals), Total Distribution Services, Inc. (TDSI), Transflo Terminal Services, Inc. (Transflo), CSX Technology, Inc. (CSX Technology) and other subsidiaries. CSX Intermodal Terminals owns and operates a system of intermodal terminals, in the eastern United States and also performs drayage services (the pickup and delivery of intermodal shipments) for CSXT customers and trucking dispatch operations. TDSI serves the automotive industry with distribution centers and storage locations. Transflo connects non-rail served customers by transferring products from rail to trucks. CSX Technology and other subsidiaries provide support services for the Company.
CSX’s other holdings include CSX Real Property, Inc., a subsidiary responsible for the Company’s real estate sales, leasing, acquisition and management and development activities. During the year ended December 31, 2011, CSXT’s transportation services served three lines of business: the merchandise business, the coal business and the intermodal business. During 2011, the merchandise business shipped nearly 2.7 million carloads and generated approximately 54% of revenue and 41% of volume. The Company’s merchandise business transports aggregates (which includes crushed stone, sand and gravel), metal, phosphate, fertilizer, food, consumer (manufactured goods and appliances), agricultural, automotive, paper and chemical products. During 2011, the coal business shipped 1.5 million carloads and accounted 32% of revenue and 24% of volume. The Company transports utility, industrial and export coal to electricity-generating power plants, steel manufacturers, industrial plants and deep-water port facilities. The domestic coal, which the Company transports is used for generating electricity. The intermodal business accounted for approximately 12% of revenue and 35% of volume. The intermodal line of business combines the superior economics of rail transportation with the short-haul flexibility of trucks.
Through a network of more than 50 terminals, the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers, providing customers with truck-like service for longer shipments. During 2011, other revenue accounted for approximately 2% of the Company’s total revenue. This revenue category includes revenue from regional subsidiary railroads, demurrage, revenue for customer volume commitments not met, switching and other incidental charges. Revenue from regional railroads includes shipments by railroads, which the Company does not directly operate. Switching revenue is generated when CSXT switches cars for a customer or another railroad.
The Company competes with Norfolk Southern Railway.
15th Floor, 500 Water Street
JACKSONVILLE FL 32202