Recent Updates — CSX
CSX Corp. reported third-quarter 2026 operating income of $1.57 billion and net earnings of $1.05 billion, or $0.57 per diluted share, compared to $0.37 in the prior year period. Revenue reached a record $4.02 billion, up 12% year-over-year, driven by higher volume, pricing, and fuel surcharges across merchandise, intermodal, and coal segments. Total volume increased 5% to 1.69 million units, with intermodal volumes rising 7%. Operating margin expanded 880 basis points to 39.1%, reflecting disciplined execution and cost efficiencies despite a $170 million increase in fuel expenses. The company operates as a premier transportation provider offering rail, intermodal, and transload services across the eastern United States.
CSX Corporation announced that Executive Vice President and Chief Operating Officer Michael A. Cory is retiring, effective October 12, 2026. Cory will provide transition services until May 8, 2027, receiving his current $780,000 annual base salary, benefits, and bonus eligibility during this period. Upon termination of employment, he will be subject to non-compete and confidentiality restrictions for 24 months. Senior Vice President Doug Ryhorchuk and Casey Albright will report directly to CEO Steve Angel. CSX operates a major freight railroad network in the eastern United States.
CSX Corporation reported second quarter 2026 results with record quarterly revenue of $3.94 billion, a 10% year-over-year increase. Net earnings of $1.00 billion, or $0.54 per diluted share, represented a 21% increase compared to the same period in 2025. Operating income of $1.51 billion rose 17% year-over-year, with an operating margin of 38.3%. Total volume of 1.68 million units increased 6% year-over-year. CSX is a transportation company providing rail, intermodal, and rail-to-truck transload services.
CSX Corporation announced the immediate departure of Executive Vice President and Chief Digital & Technology Officer Stephen Fortune, with Steve Watkins assuming his responsibilities. Additionally, the Board of Directors authorized a new $5 billion share repurchase program, augmenting the approximately $989 million remaining under the company's existing program.