CSX CORP (CSX)

CSX Corporation, based in Jacksonville, Florida, is one of the nation's leading transportation companies. Together with its subsidiaries, it provides rail-based freight transportation services, including traditional rail service, the transport of intermodal containers and trailers, and other services such as rail-to-truck transfers and bulk commodity operations. Its principal operating subsidiary, CSX Transportation, Inc. (CSXT), also handles the Company's real estate sales, leasing, acquisition, management and development activities, which are largely focused on supporting railroad operations. The Company traces its heritage to the Baltimore and Ohio Railroad, chartered in 1827, and was incorporated in 1978 under Virginia law.

In 2025 the Company generated $14.1 billion of revenue across four lines of business. Merchandise shipped 2.6 million carloads and produced $8.8 billion (62% of revenue) from chemicals, agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers. Intermodal shipped 3.0 million units and generated $2.1 billion (15%), using about 30 terminals to serve major markets east of the Mississippi River, mainly moving manufactured consumer goods in containers. Coal shipped 718 thousand carloads and generated $1.9 billion (13%), moving domestic coal, coke and iron ore to power plants, steel manufacturers and industrial plants, plus export coal to deep-water ports. Trucking generated $816 million (6%), primarily through Quality Carriers, the largest provider of bulk liquid chemicals truck transportation in North America. Other revenue, about 4%, includes regional subsidiary railroads and charges such as intermodal storage, demurrage and switching. Other subsidiaries include CSX Intermodal Terminals (terminals and drayage), Total Distribution Services (automotive distribution centers and storage), TRANSFLO (rail-to-truck transfers, mainly chemicals and agriculture) and CSX Technology (support services).

CSXT's roughly 20,000 route-mile network serves major population centers in 26 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec, with access to over 70 ocean, river and lake port terminals. Customers include manufacturers, industrial producers, the automotive industry, construction companies, farmers and feed mills, wholesalers and retailers, and energy producers. CSXT also serves production and distribution facilities through connections with other Class I railroads and about 250 short-line and regional railroads.

The Company emphasizes a scheduled service plan focused on customer service, asset optimization and employee engagement. It had approximately 23,000 employees at December 2025, about 16,900 of them union members covered by national or CSX-specific agreements. Competition varies by commodity and geography and includes other railroads, motor carriers and, to a lesser extent, barges, ships and pipelines. Its primary rail competitor is Norfolk Southern Railway, which agreed in 2025 to merge with Union Pacific, subject to Surface Transportation Board approval. Operations are regulated by the STB, FRA, PHMSA, EPA and TSA in the U.S. and by the Canadian Transportation Agency in Canada.