CSX Corp
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Industrials : Road & Rail | Large Cap Blend
Company profile

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It categorizes its products into primary lines of business such as merchandise, intermodal and coal. Its intermodal business links customers to railroads through trucks and terminals. Its merchandise business consists of shipments in markets, such as agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers. It transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities. Its principal operating subsidiary, CSX Transportation, Inc., provides an important link to the transportation supply chain through its route-mile rail.

Closing Price
$29.57
Day's Change
0.86 (3.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.69
Day's Low
28.82
Volume
(Heavy Day)
Volume:
24,261,775

10-day average volume:
17,625,071
24,261,775

CSX Honors Six Customers with First Annual Customer Environmental Excellence Award

10:00 am ET April 22, 2022 (Globe Newswire) Print

CSX Corp. (NASDAQ: CSX) has recognized six customers with its inaugural CSX Customer Environmental Excellence Awards for contributions to reducing carbon emissions through truck-to-rail conversions.

Part of CSX's climate leadership in the transportation industry, the new initiative honors companies that are lowering their carbon footprint by shipping more freight by rail, which is three to four times more fuel efficient than trucks on average and produces 75 percent fewer greenhouse gas (GHG) emissions.

"As the most efficient, environmentally friendly mode of transportation by land, freight rail represents a major opportunity for customers to reduce their carbon footprint in pursuit of sustainability goals," said Kevin Boone, CSX executive vice president of sales and marketing. "Sustainability is an important theme in our discussions with customers, who have doubled their usage of CSX-provided tools for calculating potential emissions savings from switching to rail from trucks."

In 2021, the freight shipped by all customers on CSX rail instead of the highway avoided 11 million metric tons of carbon dioxide emissions, which is equivalent to the emissions generated from passenger vehicles driving 2.3 million miles.

The first CSX Customer Environmental Excellence Award winners were chosen based on freight conversions from highway to rail over the previous year. CSX will soon add award categories for total carbon savings (highest year-over-year percentage of carbon savings versus trucks based on total rail volume) and for innovation (customers who have demonstrated the greatest environmental ingenuity through their transportation initiatives).

Winners of the inaugural Environmental Excellence Awards include:

-- Active Minerals International, LLC

-- Amazon Logistics, LLC

-- Cemex, Inc.

-- Georgia Pacific, LLC

-- Molson Coors Beverage Company

-- Wal-Mart Transportation, LLC

CSX is recognized as a transportation industry leader in sustainability. In 2020, the company became the first railroad in the United States to align with the Science Based Targets initiative, setting a goal to reduce GHG emissions intensity by 37.3 percent by 2030, using 2014 as a baseline. The company has earned a place on the Dow Jones Sustainability Index for 11 consecutive years, was named to the CDP "A List" for climate leadership in 2021, and is the only transportation company on the Forbes 2021 "Green Growth 50".

To learn more about the CSX Customer Excellence Awards and the company's commitment to sustainability visit csx.com/EnvironmentalAward.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corp. and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).

Contact:

Matthew Korn, CFA, Head of Investor Relations, Service Measures & Pension

904-366-4515

Bryan Tucker, Corporate Communications

855-955-6397

https://ml.globenewswire.com/media/0706585d-e6e3-4d98-98c5-418b5b497693/small/new-csx-blue-rgb-jpg-jpg.jpg

https://ml.globenewswire.com/media/0706585d-e6e3-4d98-98c5-418b5b497693/small/new-csx-blue-rgb-jpg-jpg.jpg

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