A freight railroad that moves merchandise, coal, and containerized consumer goods by rail, truck, and intermodal terminals across the eastern United States and parts of Canada. Its trucking arm, Quality Carriers, is the largest bulk liquid chemicals hauler in North America. CSX was born in 1980 from the merger of the Chessie System and Seaboard Coast Line Industries; the name was a temporary shorthand in legal filings that simply stuck. The "C" and "S" stand for Chessie and Seaboard, and the "X" was a placeholder that became permanent.
CSX announces departure of EVP and Chief Digital & Technology Officer Stephen Fortune, effective immediately.
Fortune is eligible for compensation and benefits under the CSX Executive Severance Plan, subject to signing a separation agreement and release.
Show detailsHide details
Stephen Fortune, Executive Vice President and Chief Digital & Technology Officer, separated from CSX effective May 14, 2026.
Steve Watkins, Vice President of Product Management for Rail Operations, will assume Fortune's responsibilities and report to CFO Kevin S. Boone, effective immediately.
At the May 12, 2026 Annual Meeting, shareholders elected twelve directors and ratified Ernst & Young LLP as independent auditor for 2026.
The Board authorized a new $5 billion share repurchase program, adding to approximately $989 million remaining under the existing program as of March 31, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events
CSX appoints Kevin S. Boone as EVP and CFO, succeeding Sean R. Pelkey, effective October 29, 2025.
Kevin S. Boone was appointed Executive Vice President and Chief Financial Officer, effective immediately on October 29, 2025.
Show detailsHide details
Sean R. Pelkey separated from employment as EVP and CFO, also effective October 29, 2025, and may receive severance under the CSX Executive Severance Plan upon signing a separation agreement.
Maryclare T. Kenney was promoted to Senior Vice President and Chief Commercial Officer, effective immediately.
No changes to Boone's compensation arrangements were made in connection with his appointment.
The company issued a press release on October 29, 2025, announcing these leadership changes.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
CSX completes $300M offering of 5.050% Notes due 2035
On October 23, 2025, CSX Corporation completed a public offering of $300,000,000 aggregate principal amount of 5.050% Notes due 2035.
Show detailsHide details
The Notes are a further issuance and form a single series with CSX's existing 5.050% Notes due 2035 issued on March 10, 2025 in an initial principal amount of $600,000,000.
The Notes were issued under an indenture dated August 1, 1990, as supplemented, with The Bank of New York Mellon Trust Company, N.A. as trustee.
The offering was made under CSX's shelf registration statement on Form S-3ASR (Registration No. 333-285319), effective February 27, 2025.
The report was filed under Item 2.03 and Item 8.01 to disclose the creation of a direct financial obligation.
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
CSX Corporation enters underwriting agreement for $300M offering of 5.050% Notes due 2035
On October 20, 2025, CSX Corporation entered into an Underwriting Agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and UBS Securities LLC for a public offering of $300,000,000 aggregate principal amount of 5.050% Notes due 2035.
Show detailsHide details
The Notes are a further issuance and will form a single series with CSX's outstanding 5.050% Notes due 2035 issued on March 10, 2025 in an initial aggregate principal amount of $600,000,000.
The offering is made under CSX's shelf registration statement on Form S-3ASR (Registration No. 333-285319), effective February 27, 2025.
The Underwriting Agreement includes customary representations, warranties, covenants, indemnification, and contribution provisions.
The offering is expected to close on October 23, 2025, subject to customary closing conditions.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
CSX reports Q3 2025 net earnings of $694M, or $0.37 per share, on revenue of $3.59B.
Third quarter 2025 GAAP operating income was $1.09 billion with a 30.3% operating margin.
Show detailsHide details
Adjusted operating income was $1.25 billion and adjusted net earnings were $818 million, or $0.44 per share, excluding a $164 million non-cash goodwill impairment.
Revenue totaled $3.59 billion, down 1% year-over-year, with volume of 1.61 million units, up 1% from Q3 2024.
Q3 2024 GAAP operating income was $1.35 billion and net earnings were $894 million, or $0.46 per share.
Adjusted results included $35 million in corporate restructuring, severance, and advisory expenses.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits