The CSX Corporation is an American transportation company, based in Jacksonville, Florida, that focuses on providing rail-based transportation services.
CSX is one of the United States’s leading transportation services companies (in terms of revenue).
The company’s main operating subsidiary is CSX Transportation, Inc. (“CSXT”), which has a 21,000 route mile rail network serving major cities in 23 states east of the Mississippi River, and the Canadian provinces of Ontario and Quebec.
Its three primary lines of business include the merchandise business (accounted for 59% of revenue in 2013), the coal business (accounted for nearly 24% of revenue in 2013), and the intermodal business (accounted for 14% of revenue in 2013).
Other subsidiaries that CSX operates are CSX Intermodal Terminals, Inc. (“CSX Intermodal Terminals”), Total Distribution Services, Inc. (“TDSI”), Transflo Terminal Services, Inc. (“Transflo”), and CSX Technology, Inc. (“CSX Technology”).
CSX Corporation was in 1980 following a merger of Chessie System and Seaboard Coast Line Industries. However, the history of the company traces back to 1827, when The Baltimore and Ohio Railroad Company (“B&O”), the nation’s first common carrier, was chartered in 1827.
The company is publicly listed on the New York Stock Exchange, under the stock ticker symbol ‘CSX’.
Overview
- Chairman, President, and CEO: Michael J. Ward
- Type: Public
- Industry: Transportation Services
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: CSX
- S&P 500 Component
- Revenue: $12.026 billion USD (2013)
- Net income: $1.864 billion USD (2013)
- Diluted earnings per share: $1.83 USD (2013)
- Employees: 31,000 (2013)
- Corporate headquarters: 500 Water Street, 15th Floor, Jacksonville, FL
- Corporate contact number: (904) 359-3200
- Investor relations contact number: (904) 359-4812
- Website: http://www.csx.com/
| Operating data (in $ millions) | 2013 | 2012 |
| Revenue | $12,026 | $11,763 |
| Total expense | $8,553 | $8,299 |
| Operating Income | $3,473 | $3,464 |
| Earnings Before Income Taxes | $2,922 | $2,971 |
| Net Earnings | $1,864 | $1,863 |
| Comprehensive Earnings | $2,277 | $1,802 |
| Balance sheet data (in $ millions) | ||
| Total assets | $31,782 | $30,723 |
| Total liabilities | $21,278 | $21,587 |
| Total stockholders’ equity | $10,504 | $9,136 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $3,267 | $2,946 |
| Net cash used in investing activities | $(2,227) | $(2,277) |
| Net cash used in financing activities | $(1,232) | $(668) |
| Cash and cash equivalents at end of year | $592 | $784 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $1.83 | $1.80 |
| Diluted earnings (loss) per common share | $1.83 | $1.79 |
Source: “CSX Corporation Inc. 2013 FORM 10-K Annual Report”