CSX Corporation designates eighteen properties in twelve states as CSX Select Sites to promote industrial development and economic growth.
Quiver AI Summary
CSX Corporation has announced the latest designations of its Select Site program, highlighting 18 properties across 12 states that have achieved gold, silver, or bronze ratings based on comprehensive evaluations. This initiative, aimed at fostering industrial development, involves collaboration with 29 communities to identify prime rail-served sites for expanding businesses. CSX's Senior Director of Industrial Development, Kellen Riley, emphasized that these sites represent valuable opportunities for economic growth, streamlining the process for manufacturers looking to invest and create jobs. Additionally, several sites have improved their readiness since the last designation round in 2024. The list includes notable locations like South Coast Logistics Park in Massachusetts and Eastport Logistics Park in Florida.
Potential Positives
- The announcement of 18 high-ranking properties receiving CSX Select Site designation highlights CSX's commitment to economic growth and development across multiple states.
- The Select Site program enhances efficiency for expanding companies by providing them with ready-to-use, rail-served properties, facilitating quicker investments and job creation.
- Upgrades to four existing Select Sites demonstrate ongoing improvement and responsiveness to the needs of manufacturers, further increasing the value of CSX's offerings.
- Collaboration with over 29 communities underscores CSX's role as a partner in regional economic development, strengthening its relationships and reputation in the industry.
Potential Negatives
- None
FAQ
What is the CSX Select Site program?
The CSX Select Site program identifies optimal rail-served properties for economic development and manufacturing investment.
How many sites received the CSX Select Site designation?
Eighteen sites across twelve states received gold, silver, or bronze ratings in the latest designation announcement.
What advantages do Select Sites offer to companies?
Select Sites provide faster site readiness and due diligence, making it easier for manufacturers to invest and create jobs.
Who collaborated on the Select Site evaluations?
CSX collaborated with over 29 communities, landowners, counties, and utility partners to gather data for the evaluation.
Which states are represented in the latest Select Site announcement?
The latest announcement includes sites from states like Florida, Alabama, Massachusetts, Kentucky, and others.
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 Congressional Stock Trading
Members of Congress have traded $CSX stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CSX stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 03/13.
- REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 02/25.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$CSX Insider Trading Activity
$CSX insiders have traded $CSX stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CSX stock by insiders over the last 6 months:
- NATHAN D GOLDMAN (EVP & CLO) has made 0 purchases and 2 sales selling 118,588 shares for an estimated $4,197,315.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CSX Hedge Fund Activity
We have seen 642 institutional investors add shares of $CSX stock to their portfolio, and 779 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 16,687,596 shares (+18.4%) to their portfolio in Q4 2024, for an estimated $538,508,722
- AMERIPRISE FINANCIAL INC added 9,863,587 shares (+89.7%) to their portfolio in Q4 2024, for an estimated $318,297,952
- PRICE T ROWE ASSOCIATES INC /MD/ removed 7,961,244 shares (-13.7%) from their portfolio in Q4 2024, for an estimated $256,909,343
- BANK OF NEW YORK MELLON CORP added 6,730,316 shares (+40.5%) to their portfolio in Q4 2024, for an estimated $217,187,297
- CAPITAL WORLD INVESTORS removed 6,493,505 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $209,545,406
- MITSUBISHI UFJ TRUST & BANKING CORP added 5,568,624 shares (+471.9%) to their portfolio in Q4 2024, for an estimated $179,699,496
- FIDUCIARY MANAGEMENT INC /WI/ added 5,523,970 shares (+inf%) to their portfolio in Q4 2024, for an estimated $178,258,511
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CSX Analyst Ratings
Wall Street analysts have issued reports on $CSX in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 04/02/2025
- Susquehanna issued a "Positive" rating on 03/27/2025
- Citigroup issued a "Buy" rating on 01/24/2025
- Jefferies issued a "Buy" rating on 01/10/2025
To track analyst ratings and price targets for $CSX, check out Quiver Quantitative's $CSX forecast page.
$CSX Price Targets
Multiple analysts have issued price targets for $CSX recently. We have seen 3 analysts offer price targets for $CSX in the last 6 months, with a median target of $34.0.
Here are some recent targets:
- Bascome Majors from Susquehanna set a target price of $37.0 on 03/27/2025
- An analyst from Deutsche Bank set a target price of $34.0 on 03/07/2025
- Rick Paterson from Loop Capital Markets set a target price of $34.0 on 02/03/2025
Full Release
JACKSONVILLE, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced its latest group of high-ranking properties to receive CSX Select Site designation under the industrial development program. Eighteen sites across 12 states have earned a gold, silver, or bronze rating based on an evaluation of a wide range of site characteristics.
CSX worked with more than 29 communities to gather information and identify top candidates for the Select Site program, which connects expanding companies with highly desirable rail-served properties.
“Each Select Site reflects months of collaboration with landowners, counties, and utility partners that now represent a significant opportunity for economic growth,” said Kellen Riley, CSX Senior Director of Industrial Development. “By bringing these sites to market with the right due diligence already in place, we’re making it faster and easier for manufacturers to invest, build, and create jobs for local communities.”
Since the last round of candidate sites were awarded in 2024, four existing Select Sites have increased their site readiness and have been upgraded to gold, silver, and bronze designations.
The Select Sites include:
Gold Level
- South Coast Logistics Park Operated by TransloadX – Middleborough, Massachusetts
- Montgomery Inland Logistics* – Montgomery, Alabama
Silver Level
- Eastport Logistics Park – Jacksonville, Florida
- Central Florida Integrated Logistics Park – Winter Haven, Florida
- 5601 Bucknell Drive – South Fulton, Georgia
- Madisonville Industrial Park II – Madisonville, Kentucky
- Dragway Site – Sandston, Virginia
- Creamer Industrial Park* – Brewton, Alabama
Bronze Level
- Evergreen L.P. Site – Evergreen, Alabama
- Florida Crossroads Industrial Zone – Archer, Florida
- CenterPoint Energy Rail Site – Evansville, Indiana
- The Gil Niceley, Sr. Industrial Park – Elizabethtown, Kentucky
- RGL Rockcastle Mega Site – Mount Vernon, Kentucky
- West Industrial Park – Russellville, Kentucky
- Almonaster Avenue CSX Property – New Orleans, Louisiana
- Timberswamp Road Site – Westfield, Massachusetts
- I-70 Gateway Industrial Park – Hagerstown, Maryland
- US 301 North Industrial Site – Enfield, North Carolina
- Massena Industrial Land – Massena, New York
- Aldridge Site – Lesage, West Virginia
- JFTMA Rail Site* – Atmore, Alabama
- 4 Star Industrial Park - Sandy Lee Watkins Build Ready Site* – Robards, Kentucky
*Notates sites that upgraded from 2024.
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
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http://facebook.com/OfficialCSX
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http://twitter.com/CSX
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Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
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