Profile: CSX Corp (CSX.O)
28 Jun 2017
CSX Corporation, incorporated on November 15, 1978, is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
As of December 30, 2016, the Company, through its subsidiary, CSX Transportation, Inc. (CSXT), provided link to the transportation supply chain through its approximately 21,000 route mile rail network, which served population centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. As of December 30, 2016, it had 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 transportation solutions connect industries and population centers across the United States with each other and with global markets. As of December 30, 2016, the Company provided access to over 70 port facilities for manufacturers, industrial producers, construction companies, farmers and feed mills, wholesalers and retailers, energy producers and the United States Armed Forces. These products range from agricultural goods, such as grains, to chemicals, automobiles, metals, building materials, paper, consumer products, and energy sources, including coal, ethanol and liquefied petroleum gas. The Company categorizes these products into three primary lines of business: merchandise, intermodal and coal.
The Company's intermodal business links customers to railroads through trucks and terminals. As of December 30, 2016, CSXT also served thousands of production and distribution facilities through track connections to approximately 240 short-line and regional railroads. As of December 30, 2016, through a network of over 50 terminals, the intermodal business served all markets east of the Mississippi River and transported mainly manufactured consumer goods in containers, providing customers with truck-like service for longer shipments. The Company's merchandise business consists of shipments in markets, such as agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals and forest products. The Company's coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities.
The Company's subsidiaries include CSX Intermodal Terminals, Inc. (CSX Intermodal Terminals), Total Distribution Services, Inc. (TDSI) and Transflo Terminal Services, Inc. (Transflo). CSX Intermodal Terminals owns and operates a system of intermodal terminals, predominantly in the eastern United States, and also performs drayage services (the pickup and delivery of intermodal shipments) for certain customers and trucking dispatch operations. TDSI serves the automotive industry with distribution centers and storage locations. Transflo transfers products from rail to trucks. Transflo serves markets, such as chemicals and agriculture, including shipments of plastics and ethanol. Its subsidiary, CSX Real Property, Inc., is responsible for its operating and non-operating real estate sales, leasing, acquisition and management and development activities.
The Company competes with Norfolk Southern Railway.
500 Water St Fl 15
JACKSONVILLE FL 32202-4423
Company Web Links
- CSX shareholders approve $84 million reimbursement to Mantle Ridge
- UPDATE 2-CSX shareholders approve $84 mln reimbursement to Mantle Ridge
- BRIEF-CSX shareholders approve reimbursement arrangements regarding Hunter Harrison's retention as CEO
- CSX shareholders OK $84 mln reimbursement to investor for new CEO -source
- Proxy adviser ISS recommends CSX shareholders vote for $84 million CEO reimbursement