CSX Corp.

Overview

Date Founded

1978

Headquarters

500 Water Street, 15th Floor, Jacksonville, FL, 32202, USA

Type of Company

Public

Employees (Worldwide)

22.5K

Industries

Railroads
Other Transportation
Other Business & Consulting Services

Company Description

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

Website

http://www.csx.com

Contact Data

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In The News

The Wall Street Journal

October 21, 2019

Activist Investor Behind CSX Overhaul Sells Most of Its Stake

The Wall Street Journal

October 17, 2019

Railroads Stare at an Economic Caution Signal

Associated Press Financial Wire

October 17, 2019

After some wobbling, stocks close higher on solid earnings

Associated Press Financial Wire

October 17, 2019

Solid earnings, Britain-Europe deal push US stocks higher

Associated Press Financial Wire

October 17, 2019

Economic slowdown drags Union Pacific 3Q profit down 2%

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Executives & Employees

James M. Foote

President & Chief Executive Officer

Paul R. Goodwin

Vice Chairman & Chief Financial Officer

Kevin Boone

Executive Vice President & Chief Financial Officer

Kathleen Brandt

Senior Vice President & Chief Information Officer

Mike Pendergrass

Chief Transportation Officer

Nathan D. Goldman

Secretary, Chief Legal Officer & Executive Vice President

Farrukh A. Bezar

Senior Vice President & Chief Strategy Officer

Diana B. Sorfleet

Executive Vice President & Chief Administrative Officer

Stephen A. Crosby

President, CSX Real Property Inc

Angie C. Williams

Vice President, Principal Accounting Officer & Controller

Board of Directors

John Zillmer

Chief Executive Officer at Aramark

Paul Charles Hilal

Founder & Chief Executive Officer at Mantle Ridge LP

Pamela L. Carter

Former Vice President & General Counsel at Cummins, Inc.

David M. Moffett

Former Chief Executive Officer at Fannie Mae

Linda H. Riefler

Former Chief Talent Officer at Morgan Stanley & Co. LLC

Steven T. Halverson

Former Corporate Director at ACIG Insurance Co.

Donna M. Alvarado

Founder at Aguila International, Inc.

J. Steven Whisler

International Paper Co.

James M. Foote

President & Chief Executive Officer at CSX Corp.

John D. McPherson

Former President & Chief Operating Officer at Florida East Coast Railway LLC

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CSX Corp.

Owners & Shareholders

Details Hidden

Capital Research & Management Co. (World Investors)

CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm is committed to maintaining low operating expenses, among the lowest in the fund industry. They utilize fundamental research to gather in-depth information on markets and companies around the world. CWI employs a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

Details Hidden

Capital Research & Management Co. (Global Investors)

Capital World Global Investors (CWGI) is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach (2) long-established, global research (3) a multiple portfolio counselor system that combines teamwork with individual accountability (4) experienced, long-tenured investment professionals and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System. The assets of each fund are divided into smaller, more manageable portions. Each portion is managed by a portfolio counselor who operates autonomously, investing his or her portion as though it were an entire fund (subject to fund objectives and overall guidelines). Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results. Portfolio counselors are free to make their own decisions. As a fund's assets grow, new counselors can be added. Investment decisions are based on internal research. Equity research is comprehensive and bottom-up while at the same time constantly monitoring broader economic, political, currency and interest rate trends. Investment research is proprietary and used solely by CWGI portfolio managers.

Details Hidden

Mantle Ridge LP

Mantle Ridge seeks to generate attractive returns by employing concentrated, research-intensive and value-oriented investment strategies with the willingness to use activism or otherwise effect change that increases the value of its investments.

Recent Transactions

Details Hidden

CSX Corp. purchases Eastern Associated Terminal Co. from Ingram Industries

Details Hidden

Justice Family Group LLC purchases The Greenbrier Resort & Club Management Co. from CSX Corp.

Details Hidden

Justice Family Group LLC purchases The Greenbrier Sporting Club, Inc. from CSX Corp.

Insider Transactions

Details Hidden

J. Steven Whisler

Transaction Advisors

Accountant

Ernst & Young LLP

Advised onCSX Corp. purchases Consolidated Rail Corp.

Legal Advisor

Arnold & Porter LLP

Advised onCSX Corp. purchases Consolidated Rail Corp.

Legal Advisor

Wachtell, Lipton, Rosen & Katz

Advised onCSX Corp. purchases Consolidated Rail Corp.

Counsel

J. Matthew Owens

Advised onDubai Ports International purchases CSX World Terminals LLC /International Terminal Business from CSX Corp.

Legal Advisor

Steven Kaplan

Advised onDubai Ports International purchases CSX World Terminals LLC /International Terminal Business from CSX Corp.

Advisors & Consultants

Legal Advisor

Steven Kaplan

Partner at Arnold & Porter LLP

Consultant

Michael J. Ward

President & Chief Executive Officer at CSX Transportation, Inc.

Consultant

Robert F. Lanzillotti

Director Emeritus at University of Florida - Robert F. Lanzillotti Public Policy Research Center at Warrington College of Business Administration

Clients

Hess Corp.

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Kinder Morgan, Inc.

Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Alliance Holdings GP LP

Alliance Holdings GP, L.P. (AHGP) is a limited partnership formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P. (ARLP). Alliance Resource Partners is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP's predecessor company began mining operations in and has since grown through acquisitions and internal development to become the fourth-largest coal producer in the Eastern United States

Key Stats and Financials As of 2018

Market Capitalization

$53.3B

Total Enterprise Value

$67.2B

Earnings Per Share

$3.84

Revenue

$12.2B

Total Debt

$14.8B

Total Equity

$12.6B

Three Year Compounded Annual Growth Rate Of Revenue

1.22%

Five Year Compounded Annual Growth Rate Of Revenue

0.37%

Debt TEV

0.22x

TEVNet Income

20.3x

Enterprise Value EBITDAOperating

11.24x

Enterprise Value Sales

5.48x

EBITDAMargin

48.77%

EBITDA

$5.97B

Net Profit

$3.31B

Non-Profit Donations & Grants

$10K - $500K

2016

The Conservation Fund

$1,250 - $2,499

2014

Atlanta Fulton County Zoo, Inc.

$50K - $100K

2013

Atlanta Fulton County Zoo, Inc.

Political Donations

$250

2013

David B. Robertson

$500

2012

Karen Arvon

$5,000

2010

Florida Democratic Party

Suppliers

Westinghouse Air Brake Technologies Corp. Railroads | Wilmerding, PA

Wabtec Corporation is a leading supplier of value-added, technology-based products and services for rail, transit and other global industries.

FreightCar America, Inc. Industrial Machinery & Manufacturing | Chicago, Illinois

FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company was founded in 1901 and is headquartered in Chicago, IL.

International Shipholding Corporation Pension Funds & Sovereign Wealth | Mobile, AL

International Shipholding Corp. engages in the operation of diversified fleet and foreign flag vessels. It provides international and domestic maritime transportation services to commercial and governmental customers. The firm operates through the following business segments: Jones Act, Pure Car Truck Carrier (PCTC) and Rail-Ferry. The Jones Act segment deploys bulk carries, belt self-unloading coal carrier, and vessel that transports molten sulphur. The PCTC segment deploys a vessels that transports all types of vehicles, from fully assembled passenger cars to construction machinery and equipment in large numbers on multiple internal decks. The Rail Ferry segment uses two double deck roll on roll off rail ferries. The company was founded by Erik F. Johnsen and Niels W. Johnsen in 1947 and is headquartered in Mobile, AL.

Competitors

Norfolk Southern Corporation Railroads - Norfolk, Virginia

Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers the extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company's services include property leases and sales; wire line or pipeline and fiber optics projects; access property; manage private crossings, promote business with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980 and is headquartered in Norfolk, VA.

Awards & Honors

Rank #239

2016

Fortune Magazine - Fortune 1000 Companies