CSX Corporation appointed Ann Begeman to its board of directors, enhancing its transportation policy expertise.
Quiver AI Summary
CSX Corporation has appointed Ann Begeman to its board of directors, emphasizing her extensive experience in transportation policy, particularly from her three-decade career in public service. Joe Hinrichs, CSX's president and CEO, highlighted Begeman's importance in enhancing service quality and driving business growth as the company continues to evolve. Begeman has significant experience, including her tenure as a member and chair of the Surface Transportation Board and her work in the U.S. Senate, where she specialized in transportation legislation. She has been recognized for her contributions, including receiving the Railway Age Women in Rail award in 2020. CSX, based in Jacksonville, Florida, is a leading transportation company that provides a range of rail services across the eastern United States.
Potential Positives
- Ann Begeman's appointment to the CSX board of directors brings extensive transportation policy expertise, enhancing the company's leadership in service excellence and business growth.
- Her previous experience as a member and leader at the Surface Transportation Board (STB) positions her to contribute effectively to regulatory and government affairs, likely benefiting CSX's strategic initiatives.
- Begeman's recognition as a 2020 Railway Age Women in Rail award recipient adds credibility and prestige to the board, potentially improving the company's public image and stakeholder confidence.
Potential Negatives
- Despite the positive tone of the announcement, the appointment of a new board member may raise concerns among stakeholders about potential internal challenges or the need for a change in leadership direction.
- Ann Begeman's extensive background in public service may lead to scrutiny regarding the corporate governance of CSX, especially in relation to regulatory affairs and potential conflicts of interest.
- The press release emphasizes a focus on service excellence and business growth, suggesting that there may have been previous shortcomings in these areas that required urgent attention.
FAQ
Who is Ann Begeman and what is her role at CSX Corporation?
Ann Begeman has been appointed to the board of directors at CSX Corporation, bringing extensive expertise in transportation policy.
What experience does Ann Begeman have in public service?
Begeman has over three decades of experience in government, focusing mainly on transportation policy, and served on the Surface Transportation Board.
What significant legislation did Ann Begeman contribute to?
She played a crucial role in the ICC Termination Act, which dissolved the Interstate Commerce Commission and established the Surface Transportation Board.
What company is CSX Corporation and what services does it provide?
CSX Corporation is a premier transportation company offering rail, intermodal, and rail-to-truck transload services across various markets.
How can I find more information about CSX Corporation?
For more information, visit CSX's official website at www.csx.com or follow them on social media.
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 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 695 institutional investors add shares of $CSX stock to their portfolio, and 689 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ removed 10,992,102 shares (-15.9%) from their portfolio in Q3 2024, for an estimated $379,557,282
- JPMORGAN CHASE & CO added 7,035,585 shares (+8.4%) to their portfolio in Q3 2024, for an estimated $242,938,750
- COHEN & STEERS, INC. added 5,947,423 shares (+2859.0%) to their portfolio in Q3 2024, for an estimated $205,364,516
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 5,819,072 shares (-75.9%) from their portfolio in Q3 2024, for an estimated $200,932,556
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 5,472,797 shares (+146.0%) to their portfolio in Q3 2024, for an estimated $188,975,680
- NEUBERGER BERMAN GROUP LLC removed 5,407,825 shares (-30.1%) from their portfolio in Q3 2024, for an estimated $186,732,197
- VIKING GLOBAL INVESTORS LP added 4,613,203 shares (+97.4%) to their portfolio in Q3 2024, for an estimated $159,293,899
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
JACKSONVILLE, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced that Ann Begeman has been appointed to the company's board of directors.
“Ann brings a wealth of industry expertise and knowledge to our team where she will play a vital role in our commitment to deliver service excellence and business growth,” said Joe Hinrichs, president and chief executive officer of CSX. “We are delighted to have her join our Board as CSX continues to transform and strengthen our company while generating profitable growth through a better customer experience.”
Begeman’s career has spanned more than three decades in public service, primarily in the legislative and executive branches of government where she focused on transportation policy. She played a critical role in contributing to the development of significant legislation, including the ICC Termination Act, which dissolved the Interstate Commerce Commission and established the Surface Transportation Board (STB).
From 2011 through 2021, Begeman served as a two-term presidential appointee as a member of the STB. During her tenure, she improved the STB’s accountability, transparency, and efficiency while holding leadership positions as the Chairman and Acting Chairman from 2017 to 2021, as well as Vice Chairman. Since 2022, Begeman has been leveraging her expertise as a consultant on railroad regulatory and government affairs matters.
In recognition of her work at the STB, she was named a 2020 Railway Age Women in Rail award recipient.
Begeman began her career in public service by spending nearly two decades working in various capacities within the U.S. Senate, including as Republican Staff Director for the U.S. Senate Committee on Commerce, Science, and Transportation. Additionally, she held positions as Deputy Staff Director and Transportation Policy Advisor for the U.S. Senate Commerce Committee, as well as Legislative Director and Acting Chief of Staff for Senator John McCain.
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 ( http://facebook.com/OfficialCSX ) and follow us on X, formerly known as Twitter ( http://twitter.com/CSX ).
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4f022e3-14ad-4b6b-9819-863aeaf86811