Recent Insider Transactions • 22h
VP & Chief Accounting Officer recently sold €1.4m worth of stock On the 24th of July, Angela Williams sold around 30k shares on-market at roughly €46.80 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Duyuru • Jul 25
CSX Corporation Provides Earnings Guidance for the Full Year 2026 CSX Corporation provided earnings guidance for the full year 2026. The company now expects full year revenue growth in the mid- to high single digits. Operating margin expansion of greater than 350 basis points. Declared Dividend • Jul 24
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 28th August 2026 Payment date: 15th September 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 23
Second quarter 2026 earnings released: EPS: US$0.54 (vs US$0.44 in 2Q 2025) Second quarter 2026 results: EPS: US$0.54 (up from US$0.44 in 2Q 2025). Revenue: US$3.94b (up 10% from 2Q 2025). Net income: US$1.00b (up 21% from 2Q 2025). Profit margin: 26% (up from 23% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Duyuru • Jul 18
Csx Corporation Declares Quarterly Dividend, Payable on September 15, 2026 CSX Corp. announced that the Company’s Board of Directors approved a $0.14 per share quarterly dividend on the Company’s common stock. The dividend is payable September 15, 2026, to shareholders of record at the close of business August 31, 2026. Duyuru • Jun 22
CSX Corporation to Report Q2, 2026 Results on Jul 22, 2026 CSX Corporation announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 Duyuru • Jun 09
Csx Corp. Unveils Commemorative Locomotives CSX Corp. unveiled two commemorative locomotives celebrating the 250th anniversary of the United States, highlighting the railroad’s enduring role in building the nation’s economy. The locomotives—numbered 250 and 2026—were painted at CSX’s Waycross, Georgia, facility. Both are modernized, high-horsepower CM44AH units designed for efficient, reliable mainline service. Each locomotive features a distinct design. Unit 250 celebrates America’s anniversary year with a bold Stars and Stripes theme, while Unit 2026 features the American bald eagle and the phrase “United We Stand,” emphasizing national strength and unity. The locomotives will soon travel to Washington for a ceremonial run through the capital. After the event, both units will enter regular service across the CSX network. Upcoming Dividend • May 21
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (3.9%). Duyuru • May 14
CSX Corporation Declares Quarterly Dividend, Payable on June 15, 2026 CSX Corp. announced that the Company’s Board of Directors approved a $0.14 per share quarterly dividend on the Company’s common stock. The dividend is payable June 15, 2026, to shareholders of record at the close of business May 29, 2026. Duyuru • May 08
Csx Corporation and Canadian Pacific Kansas City Upgrade Southeast Mexico Express with Dedicated Train and Faster Transit Times CSX Corporation and Canadian Pacific Kansas City announced upgrades to the Southeast Mexico Express premium service featuring faster transit times with more origin and destination options for customers looking to reach new markets. The new Southeast Mexico Express premium service schedule and routing options launched May 4, 2026, offer industry-best, truck-competitive transit times between southeastern markets such as Atlanta, Charlotte or central Florida, and markets in Texas and Mexico, including Dallas and Monterrey. The service improvements have reduced transit times for every previously available Southeast Mexico Express option. These reductions range from approximately one-day-faster service between Atlanta and Dallas, and approximately 2.5 days faster between Atlanta and central Mexico. Southeast Mexico Express improvements are the result of capital investments in track, bridges and signal infrastructure on the former Meridian & Bigbee Railroad and continued investments across the corridor in Georgia, Alabama, Mississippi, Louisiana, and Texas offering greater speeds and more efficiency. The new Southeast Mexico Express dedicated train service provides two-day service between Atlanta and Dallas, with three-day service from Monterrey and four-day service from central Mexico to Atlanta. Customers can extend their reach with new Southeast Mexico Express origins and destinations in Charlotte, Jacksonville and Central Florida. Southeast Mexico Express gives intermodal, automotive and carload customers truck-competitive transit times, greater capacity, and environmentally sustainable rail solutions. Advantages of Southeast Mexico Express include: Direct connectivity: Links to Mexico, Texas and U.S. Southeast. Market access: Expanded connectivity to diverse origin points across North America. Faster transit times: Improved time and cost efficiency supported by infrastructure upgrades. Secure transportation: Advanced technology expedites border crossings while enhancing shipment security. Environmental sustainability: Replaces up to 300 semi-trucks per train, reducing emissions. The combined strength of CSX Corporation and Canadian Pacific Kansas City through Southeast Mexico Express continues to meet evolving customer demands and set new standards in North American freight. Buy Or Sell Opportunity • Apr 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €36.39. The fair value is estimated to be €29.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.3%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Duyuru • Mar 31
CSX Corporation, Annual General Meeting, May 12, 2026 CSX Corporation, Annual General Meeting, May 12, 2026. Duyuru • Mar 24
CSX Corporation to Report Q1, 2026 Results on Apr 22, 2026 CSX Corporation announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Duyuru • Feb 27
CSX Corp. Increases Quarterly Dividend on Common Stock, Payable on March 13, 2026 CSX Corp. announced on February 26, 2026 that the Company’s Board of Directors approved a $0.14 per share quarterly dividend on the Company’s common stock, payable on March 13, 2026, to shareholders of record at the close of business on February 27, 2026. This reflects 8% increase over the previous dividend payment of $0.13 per share. Duyuru • Feb 03
CSX Corporation Announces Executive Changes CSX Corporation announced that Executive Vice President and Chief Administrative Officer Diana Sorfleet will retire from the company. Riz Chand is appointed Chief Human Resources Officer, effective February 23, 2026, and will report directly to President and Chief Executive Officer, Steve Angel. Sorfleet retires after nearly 15 years of distinguished service at CSX, during which she played a central role in shaping the company’s people strategy and strengthening its culture. Her leadership was essential in helping guide CSX through pivotal moments and organizational transformations, including the transition of four CEOs, while serving the organization and the Board of Directors with confidence. Riz Chand Named Chief Human Resources Officer. Chand comes to CSX from AEA Investors, a mid-market private equity firm, where he served as Chief Talent Officer and Operating Partner and was responsible for leading talent and organization development, fostering strong cultures, and the advancement of leadership capabilities across their operating companies to drive business performance. His background includes senior human resources leadership roles at BNSF, Energy Future Holdings, Kennametal, Mary Kay Cosmetics, and Aetna International, as well as early-career work with PepsiCo Foods, The Hay Group, and Schlumberger. Chand holds a B.S. in mechanical engineering and an MBA from Southern Methodist University and has held notable community leadership roles, including service on the executive committee of the board of directors for the Health Transformation Alliance and as Chairman of the Board of the United Way of Tarrant County. In his new role at CSX, Chand will oversee Human Resources, Total Rewards, People Systems, and Occupational Health Compliance. He will be based in Jacksonville, FL. Recent Insider Transactions • Jan 30
Insider recently sold €2.1m worth of stock On the 28th of January, Diana Sorfleet sold around 67k shares on-market at roughly €31.41 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €400k more than they bought in the last 12 months. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: US$1.54 (vs US$1.79 in FY 2024) Full year 2025 results: EPS: US$1.54 (down from US$1.79 in FY 2024). Revenue: US$14.1b (down 3.1% from FY 2024). Net income: US$2.89b (down 17% from FY 2024). Profit margin: 21% (down from 24% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Duyuru • Dec 22
CSX Corporation to Report Q4, 2025 Results on Jan 22, 2026 CSX Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 22, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (5.0%). Lower than average of industry peers (3.2%). Declared Dividend • Oct 27
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 27th November 2025 Payment date: 15th December 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Oct 17
CSX Corporation Reports Impairment Charges for the Third Quarter Ended September 30, 2025 CSX Corporation reported impairment charges for the third quarter ended September 30, 2025. For the quarter, the company reported Goodwill Impairment was $164 million. Duyuru • Oct 09
CSX Corporation Declares Quarterly Dividend, Payable on December 15, 2025 CSX Corp. announced that the Company’s Board of Directors approved a $0.13 per share quarterly dividend on the Company’s common stock. The dividend is payable on December 15, 2025, to shareholders of record at the close of business on November 28, 2025. Duyuru • Sep 30
Ancora Holdings Provides Information to Shareholders of CSX Corp On September 29, 2025, Ancora Holdings Group LLC announced that it criticized Hinrichs for failing to adapt to industry changes, particularly the push for transcontinental rail service, and believes appointment of Steve Angel, who possesses strong M&A experience, positions Company for success in the new era of the transcontinental railroad, the move comes amid growing support for transcontinental railroads, including positive remarks from President Donald Trump about the UNP-NSC transaction. In addition, Ancora Holdings urges Angel and the Company board to pursue opportunities to increase shareholder value, consider potential mergers, evaluate and possibly restructure the leadership team to restore operational excellence. Duyuru • Sep 18
CSX Corporation to Report Q3, 2025 Results on Oct 16, 2025 CSX Corporation announced that they will report Q3, 2025 results After-Market on Oct 16, 2025 Duyuru • Aug 28
CSX Railroad's Merger Prospects Derail as BNSF and CPKC Make Clear They Aren't Interested in A Deal The prospects for additional consolidation in the rail industry derailed this week when both of CSX (CSX Corporation (NasdaqGS:CSX))'s potential partners said they weren't interested in a deal. Investors widely speculated that CSX would be an acquisition target once rumors of merger talks between Union Pacific and Norfolk Southern emerged over the summer, because of the challenge of competing against a nationwide railroad. CSX's stock nearly hit a new 52-week high last week at $37.25 before falling to $32.31 26 August 2025 after it became clear that neither BNSF (BNSF Railway Company) nor Canadian Pacific Kansas City Limited (TSX:CP) railroads is pursuing the Jacksonville, Florida-based railroad, one of the six remaining major freight railroads in North America. The Union Pacific-Norfolk Southern deal still faces a lengthy review by the U.S. Surface Transportation Board that is likely to stretch on for at least two years. When Canadian Pacific acquired Kansas City Southern two years ago in the first major rail merger in more than two decades the board also spent two years reviewing that deal. If the $85 billion megamerger of Union Pacific and Norfolk Southern does get approved that might change the calculus about whether a deal makes sense. But in the meantime, CSX and the other major freight railroads seem focused on finding ways to cooperate more to improve service without merging. Just last week, CSX and BNSF announced an agreement to deliver some shipments seamlessly coast-to-coast without handing them off. Last month, CPKC and CSX announced a similar agreement to streamline shipments between Mexico, Texas and the Southeast. CPKC CEO Keith Creel said he thinks the industry should be more focused on agreements like that and efforts to improve service on each individual railroad. “We believe that a transcontinental merger would trigger permanent restructuring of the industry and result in a disproportionately large railway whose size and scope would require others to take action,” Creel said. “This will likely result in an unnecessary wave of railway mergers that today is not the best way to support American businesses nor the public interest, and has the potential to create more issues than it solves.” Indeed, the STB adopted a high standard for rail mergers in 2001 after a series of prolonged disruptions and delayed shipments that followed major deals in the 1990s. A merger between Union Pacific and Southern Pacific in 1996 led to an extended period of snarled traffic on U.S. rails. Three years later, Conrail was divvied up by Norfolk Southern and CSX, creating serious backups in the East. On 25 August 2025, Warren Buffett, whose Berkshire Hathaway conglomerate owns BNSF, said to CNBC that he's not interested in buying another railroad even though he's sitting on more than $344 billion in cash after several years without completing a major acquisition. Buffett and the man who will take over as Berkshire CEO in January, Greg Abel, did recently meet with CSX CEO Joe Hinrichs to discuss more ways to cooperate while making it clear that Berkshire won't be bidding on CSX. Duyuru • Aug 22
CSX Corporation and BNSF Announce New Intermodal Services, Offering Seamless Coast-To-Coast Rail Solutions CSX Corporation and BNSF announced several new intermodal service products that will offer customers seamless, efficient, coast-to-coast solutions to ship between the western and eastern U.S. New services will include: The introduction of new, coast- to-coast, direct domestic intermodal services between Southern California and Charlotte, North Carolina and Jacksonville, Florida. In addition, a new service will also be launched between Phoenix, Arizona, and Atlanta, Georgia, aiming to convert over-the-road (OTR) freight to rail through a seamless product between the two railroads. The introduction of new direct international intermodal services between the Port of New York and New Jersey, and Norfolk, Virginia, and Kansas City. Between Phoenix and Flagstaff, two new 10,000-foot sidings will further support this growing market by enabling more efficient meet/pass operations on the route connecting to BNSF's Southern Transcon. These new, customer-focused service products will offer immediate value for customers by increasing flexibility and optionality, while delivering integrated service for freight moving across the U.S. Further details about each of these new services will be announced soon. Duyuru • Aug 20
Ancora Holdings Group Sends Letter to the Board of Directors of CSX Corporation On August 19, 2025, Ancora Holdings Group, LLC disclosed a letter sent to the Board of Directors of CSX Corporation on August 6, 2025. Since sending this letter via private channels, the Company has ignored us and not even confirmed receipt of its correspondence. The Company stated that as this occurred, trusted sources informed Ancora Holdings that the Company’s advisors appeared to be breaching their ethical obligations by talking to members of the media – without attribution – about Ancora Holdings and what was intended to be a private letter. Perhaps this should not be surprised given that the Company’s reported investment bank remains undisclosed, even though the bank has been marketing its representation of CSX in pitch decks disseminated as recently as this week. All of this leads to fear that the Company’s Board is exhibiting poor judgment, insufficient oversight and undermining shareholders’ best interests. Ancora Holdings stated that it asserts the Board should immediately announce the formal retention of an investment bank and plan to vigorously explore mergers as rail consolidation persists. Ancora Holdings also expressed its view that the Company should be conducting ongoing conversations with BNSF Railway Company and Canadian Pacific Kansas City Limited. Ancora Holdings also stated that it notes the Company’s current standalone future is bleak based on Anemic TSR, excessive spending, poor recruitment and the deterioration of operations. Ancora Holdings urges the Board to terminate Joe Hinrichs, if a merger cannot be consummated in a timely manner. Declared Dividend • Aug 18
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 28th August 2025 Payment date: 15th September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 01
CSX Reportedly to Work with Goldman Sachs to Explore Options CSX Corporation (NasdaqGS:CSX) is working with Goldman Sachs Group Inc., people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger. The Jacksonville, Florida-based freight operator has spoken with the Wall Street bank about the merits of a merger, according to the people, who asked not to be identified discussing confidential information. Considerations may not lead to any transaction, the people said. Representatives for CSX and Goldman Sachs declined to comment. The talks come as US railroad operators move toward a period of potential consolidation, led by Union Pacific Corp.’s $72 billion acquisition of Norfolk Southern Corp. The planned tie-up, announced this week, piles pressure on rivals including CSX and Berkshire Hathaway Inc.’s BNSF to pursue deals of their own in order to stay competitive. CSX Chief Executive Officer Joe Hinrichs said this month that he’s open to merger talks with other companies. CSX’s network spans roughly 20,000 route miles of track in 26 states, the District of Columbia and the Canadian provinces of Ontario and Quebec. Reported Earnings • Jul 24
Second quarter 2025 earnings released: EPS: US$0.44 (vs US$0.49 in 2Q 2024) Second quarter 2025 results: EPS: US$0.44 (down from US$0.49 in 2Q 2024). Revenue: US$3.57b (down 3.4% from 2Q 2024). Net income: US$829.0m (down 14% from 2Q 2024). Profit margin: 23% (down from 26% in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Transportation industry in Europe. Declared Dividend • Jul 21
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 28th August 2025 Payment date: 15th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 17
CSX Corporation Declares Quarterly Dividend, Payable on September 15, 2025 CSX Corporation announced that the Company’s Board of Directors approved a $0.13 per share quarterly dividend on the Company’s common stock. The dividend is payable on September 15, 2025, to shareholders of record at the close of business on August 29, 2025. Duyuru • Jun 25
CSX Corporation to Report Q2, 2025 Results on Jul 23, 2025 CSX Corporation announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 23, 2025 Duyuru • May 08
CSX Corporation Announces Quarterly Dividend Payable on June 13, 2025 CSX Corporation announced that the Company’s Board of Directors approved a $0.13 per share quarterly dividend on the Company’s common stock. The dividend is payable on June 13, 2025, to shareholders of record at the close of business on May 30, 2025. 
