CSX and BNSF expand intermodal services for efficient coast-to-coast freight shipping across the U.S.
Quiver AI Summary
CSX Corporation and BNSF have announced new intermodal service products aimed at enhancing coast-to-coast shipping efficiency between the western and eastern U.S. The new offerings include direct domestic intermodal services connecting Southern California to Charlotte, North Carolina, and Jacksonville, Florida, as well as a service between Phoenix and Atlanta designed to transition over-the-road freight to rail. Additionally, international intermodal services will be introduced between the Port of New York and New Jersey, Norfolk, Virginia, and Kansas City. Two new 10,000-foot sidings will be established between Phoenix and Flagstaff to facilitate better operations. Both companies emphasize that this collaboration will provide greater flexibility, efficiency, and value for customers while streamlining service across key markets. Further details on these services are expected to be released soon.
Potential Positives
- Announcement of new coast-to-coast intermodal services enhances CSX's market reach and operational efficiency.
- Collaboration with BNSF strengthens service offerings, providing customers with increased flexibility and integrated freight solutions.
- New direct international intermodal services expand CSX’s capabilities in crucial markets, increasing potential customer base.
Potential Negatives
- None
FAQ
What are the new intermodal services announced by CSX and BNSF?
CSX and BNSF announced new coast-to-coast intermodal services connecting Southern California and Charlotte, and Phoenix to Atlanta, among others.
How will these services improve shipping efficiency?
The new intermodal services will provide seamless solutions for OTR freight conversion to rail, enhancing efficiency and reliability in shipping.
Which cities are directly connected by the new intermodal services?
The new services connect major cities including Southern California, Charlotte, Jacksonville, Phoenix, Atlanta, New York, and Kansas City.
What benefits do these new intermodal services offer customers?
Customers will experience increased flexibility, efficiency, and value, with immediate access to streamlined shipping options across the U.S.
Who can provide more information about CSX and BNSF?
For more details, you can contact CSX Investor Relations or BNSF's External Communications teams listed in the press release.
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 10 times in the past 6 months. Of those trades, 3 have been purchases and 7 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 has traded it 2 times. They made 1 purchase worth up to $50,000 on 05/13 and 1 sale worth up to $50,000 on 04/08.
- REPRESENTATIVE JEFFERSON SHREVE has traded it 3 times. They made 1 purchase worth up to $50,000 on 04/17 and 2 sales worth up to $100,000 on 05/12, 03/13.
- REPRESENTATIVE BRUCE WESTERMAN has traded it 2 times. They made 1 purchase worth up to $15,000 on 04/08 and 1 sale worth up to $15,000 on 04/21.
- SENATOR TOMMY TUBERVILLE sold up to $50,000 on 04/15.
- REPRESENTATIVE ROBERT BRESNAHAN has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 04/08, 02/25.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$CSX Hedge Fund Activity
We have seen 677 institutional investors add shares of $CSX stock to their portfolio, and 931 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO removed 19,822,655 shares (-26.0%) from their portfolio in Q2 2025, for an estimated $646,813,232
- LAZARD ASSET MANAGEMENT LLC added 10,074,994 shares (+41.3%) to their portfolio in Q2 2025, for an estimated $328,747,054
- QUBE RESEARCH & TECHNOLOGIES LTD removed 8,053,117 shares (-78.9%) from their portfolio in Q2 2025, for an estimated $262,773,207
- HOLOCENE ADVISORS, LP added 7,313,115 shares (+inf%) to their portfolio in Q2 2025, for an estimated $238,626,942
- PRICE T ROWE ASSOCIATES INC /MD/ added 6,815,219 shares (+26.8%) to their portfolio in Q2 2025, for an estimated $222,380,595
- TOMS CAPITAL INVESTMENT MANAGEMENT LP added 5,612,400 shares (+inf%) to their portfolio in Q2 2025, for an estimated $183,132,612
- MORGAN STANLEY removed 5,299,840 shares (-16.9%) from their portfolio in Q2 2025, for an estimated $172,933,779
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 12 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 07/25/2025
- Barclays issued a "Overweight" rating on 07/24/2025
- Benchmark issued a "Buy" rating on 07/24/2025
- JP Morgan issued a "Overweight" rating on 07/24/2025
- TD Cowen issued a "Buy" rating on 07/21/2025
- B of A Securities issued a "Buy" rating on 07/17/2025
- Raymond James issued a "Outperform" rating on 07/15/2025
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 18 analysts offer price targets for $CSX in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- Fadi Chamoun from BMO Capital set a target price of $38.0 on 08/18/2025
- Daniel Moore from Baird set a target price of $44.0 on 07/25/2025
- Christian Wetherbee from Wells Fargo set a target price of $37.0 on 07/24/2025
- Nathan Martin from Benchmark set a target price of $40.0 on 07/24/2025
- Brian Ossenbeck from JP Morgan set a target price of $41.0 on 07/24/2025
- Brandon Oglenski from Barclays set a target price of $38.0 on 07/24/2025
- Jason Seidl from TD Cowen set a target price of $45.0 on 07/21/2025
Full Release
JACKSONVILLE, Fla. and FORT WORTH, Texas, Aug. 22, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) (CSX) and BNSF today announced several new intermodal service products that will offer customers seamless, efficient, coast-to-coast solutions to ship between the western and eastern U.S.
New services will include:
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The introduction of new, coast-to-coast, direct domestic intermodal services between Southern California and Charlotte, North Carolina and Jacksonville, Florida.
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In addition, a new service will also be launched between Phoenix, Arizona, and Atlanta, Georgia, aiming to convert over-the-road (OTR) freight to rail through a seamless product between the two railroads.
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The introduction of new direct international intermodal services between the Port of New York and New Jersey, and Norfolk, Virginia, and Kansas City.
Between Phoenix and Flagstaff, two new 10,000-foot sidings will further support this growing market by enabling more efficient meet/pass operations on the route connecting to BNSF’s Southern Transcon.
“This collaboration between BNSF and CSX demonstrates the power of partnership, delivering greater flexibility, efficiency and value for our customers,” said BNSF Group Vice President of Consumer Products Jon Gabriel. “We are looking forward to these offerings providing immediate, streamlined service to the supply chain across key markets nationwide.”
"Through this new connectivity, CSX and BNSF are connecting Western and Eastern U.S. markets, creating faster, more reliable service,” said Drew Johnson, Vice President, Intermodal Sales and Marketing at CSX. “Together, we’re opening access to key markets and strengthening options for our mutual customers."
These new, customer-focused service products will offer immediate value for customers by increasing flexibility and optionality, while delivering integrated service for freight moving across the U.S.
Further details about each of these new services will be announced soon.
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 ).
About BNSF Railway
BNSF is one of North America’s leading freight transportation companies. Based in Fort Worth, Texas, BNSF operates approximately 32,500 route miles of track in 28 states and also operates in three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSF’s shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at
www.BNSF.com
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Contact:
Matthew Korn, CFA, CSX Investor Relations
904-366-4515
Austin Staton, CSX Corporate Communications
855-955-6397
[email protected]
Kendall Kirkham Sloan
BNSF, Director of External Communications
[email protected]