CSX launches a resource site for stakeholders regarding the Union Pacific and Norfolk Southern merger review by the STB.
Quiver AI Summary
CSX Corp. has launched a public resource website, www.csxstayingontrack.com, to assist shippers, communities, and stakeholders in engaging with the Surface Transportation Board's review of the merger application between Union Pacific and Norfolk Southern. The site offers insights into the review process, links to public documents, guidance on submitting comments, and confidential feedback options for the Department of Justice. CSX emphasizes the importance of maintaining a competitive Class I freight rail system, highlighting that the proposed merger could lead to reduced options for shippers and create an industry imbalance. CEO Steve Angel noted the necessity for customers and communities to have their voices heard in this crucial review.
Potential Positives
- CSX Corp. has launched a public resource website to assist stakeholders in engaging with the Surface Transportation Board’s review of a significant merger application, demonstrating its commitment to transparency and stakeholder involvement.
- This initiative positions CSX as a proactive player in maintaining a competitive rail industry, highlighting its dedication to ensuring that customers and communities' interests are represented in regulatory discussions.
- By providing guidance on the STB review process and options for providing feedback, CSX is reinforcing its role as a mediator between regulatory bodies and the public, which may enhance its reputation and stakeholder trust.
- CSX emphasizes the importance of a balanced freight rail system, advocating for competition and diverse routing options, which underlines its customer-centric approach and focus on industry health.
Potential Negatives
- The launch of the resource page suggests that CSX is concerned about the potential negative impacts of the Union Pacific and Norfolk Southern merger on competition, indicating vulnerability to market changes.
- The reference to a "competitively balanced" rail system may imply that CSX perceives existing competitive threats, raising concerns about its market position in light of potential consolidation.
- By facilitating feedback on the merger to the DOJ, CSX may be acknowledging that the proposed merger could disrupt current industry dynamics significantly, which could have adverse effects on its operations and customer relationships.
FAQ
What is the purpose of the new website launched by CSX?
The website supports shippers and stakeholders interested in engaging with the STB's merger application review between UP and NS.
How does the proposed merger affect competition in the rail industry?
The merger would reduce viable options for shippers, creating an industry imbalance by forming a single transcontinental carrier alongside four regional carriers.
What resources are available on the CSX public resource site?
The site offers information on the STB review process, links to the public docket, and guidance on filing comments to the STB.
Who can participate in the STB review process?
Shippers, communities, and stakeholders can participate by providing feedback on the merger application to the STB and DOJ.
What role does CSX play in the U.S. freight rail system?
CSX is a key transportation company, providing extensive rail services that connect major U.S. metropolitan areas and support economic growth.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CSX Insider Trading Activity
$CSX insiders have traded $CSX stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CSX stock by insiders over the last 6 months:
- DIANA B SORFLEET (EVP & CAO) has made 0 purchases and 2 sales selling 156,667 shares for an estimated $6,239,079.
- STEPHEN FORTUNE (EVP - CD & TO) sold 31,456 shares for an estimated $1,215,774
- STEPHEN F ANGEL (President & CEO) purchased 25,000 shares for an estimated $1,006,750
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$CSX Revenue
$CSX had revenues of $3.5B in Q1 2026. This is an increase of 1.72% from the same period in the prior year.
You can track CSX financials on Quiver Quantitative's CSX stock page.
$CSX Congressional Stock Trading
Members of Congress have traded $CSX stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CSX stock by members of Congress over the last 6 months:
- SENATOR MARKWAYNE MULLIN sold up to $50,000 on 11/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.
$CSX Hedge Fund Activity
We have seen 763 institutional investors add shares of $CSX stock to their portfolio, and 781 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 49,500,566 shares (-80.5%) from their portfolio in Q4 2025, for an estimated $1,794,395,517
- PRICE T ROWE ASSOCIATES INC /MD/ added 33,047,720 shares (+88.4%) to their portfolio in Q4 2025, for an estimated $1,197,979,850
- FMR LLC removed 11,940,903 shares (-40.0%) from their portfolio in Q4 2025, for an estimated $432,857,733
- CAPITAL WORLD INVESTORS added 10,578,012 shares (+135772.2%) to their portfolio in Q4 2025, for an estimated $383,452,935
- LAZARD ASSET MANAGEMENT LLC removed 10,030,003 shares (-32.7%) from their portfolio in Q4 2025, for an estimated $363,587,608
- JPMORGAN CHASE & CO added 7,235,371 shares (+34.4%) to their portfolio in Q4 2025, for an estimated $262,282,198
- DEUTSCHE BANK AG\ removed 7,132,140 shares (-34.6%) from their portfolio in Q4 2025, for an estimated $258,540,075
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$CSX Price Targets
Multiple analysts have issued price targets for $CSX recently. We have seen 14 analysts offer price targets for $CSX in the last 6 months, with a median target of $45.5.
Here are some recent targets:
- Dan Moore from Baird set a target price of $47.0 on 04/24/2026
- Ken Hoexter from B of A Securities set a target price of $49.0 on 04/23/2026
- Jason H. Seidl from TD Cowen set a target price of $45.0 on 04/23/2026
- Walter Spracklin from RBC Capital set a target price of $47.0 on 04/23/2026
- Jonathan Chappell from Evercore ISI Group set a target price of $44.0 on 04/23/2026
- Christian Wetherbee from Wells Fargo set a target price of $50.0 on 04/23/2026
- Brandon Oglenski from Barclays set a target price of $47.0 on 04/23/2026
Full Release
JACKSONVILLE, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today launched a public resource at www.csxstayingontrack.com to support shippers, communities, and other stakeholders interested in engaging with the Surface Transportation Board’s review of the refiled merger application between Union Pacific (UP) and Norfolk Southern (NS). The site provides information on the STB review process, links to the public docket, guidance on filing comments on the record with the STB, and options for providing feedback to the Department of Justice (DOJ) on a confidential basis.
Today’s U.S. Class I freight rail system is competitively balanced, consisting of six carriers: two western railroads, two eastern railroads, and two Canadian carriers providing north-south service. This industry structure has supported routing options and competitive choices for rail shippers. The proposed combination would create a single transcontinental carrier alongside four regional carriers, resulting in an industry imbalance that would reduce viable options for shippers. These are among the matters the STB will consider to determine whether the proposed transaction is in the public interest and enhances competition.
“Our customers depend on a competitive and healthy freight rail system. Customers and the communities we serve have a stake in this review, and we are here to help them be heard,” said Steve Angel, Chief Executive Officer of CSX.
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 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook and follow us on X , formerly known as Twitter.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Austin Staton, Corporate Communications
855-955-6397
