Headquartered in Jacksonville, Florida, CSX Corporation is a holding company that focuses on real estate and rail transportation in North America. As of 2020, it had over 21,000 route miles of track spread across 23 eastern US states; its freight rai
Headquartered in Jacksonville, Florida, CSX Corporation is a holding company that focuses on real estate and rail transportation in North America. As of 2020, it had over 21,000 route miles of track spread across 23 eastern US states; its freight railroad also served in the Canadian provinces of Ontario and Quebec.
While it was founded in the 1980s, its origin has roots as far as in the 1820s when America’s first common carrier was introduced by the Baltimore & Ohio Railroad. B&O began its operations by literally using “horsepower” to pull its railroad carriages throughout the 1830s. In 1836 Louisiana Railroad Company, the predecessor of Chesapeake & Ohio Railway began their operations. Till the 1990s, several railroad companies emerged and eventually established themselves. Between the 1940s-1970s C&O and B&O combined their railroad capabilities to create the most prominent rail force of America.
In 1973, Chessie System assumed the position of B&O, Western Maryland and C&O’s parent company. It was after almost seven years from then that Seaboard Coast Line industries and Chessie System merged and founded CSX Corporation. By 1987, C&O completely merged with B&O and changed its official name to CSX Transportation.
The company offers procurement services for commodities like chemicals, agricultural products, building materials, military, food products, coal, bioenergy, fertilizer, waste, minerals, transportation equipment, metals, manufactures goods, etc. CSX is also a part of various projects and partnerships like Virginia Capacity Project, Virginia Avenue Tunnel, Louisville-to-Indiana Service Improvement Plan, National Gateway and Pittsburgh Intermodal Rail Terminal.
With an employee base of over 20,900, it is also the 267th company in the 2020 Fortune 500 list. It has ten subsidiaries under its umbrella, namely CSX Real Property, Total Distribution Services, Fruit Growers Express, CSX Intermodal Terminals, Powerhouse Logistics, Cybernetics & Services, CSX technology, CSX de Mexico and TRANSFLO Corporation.
It was a component in the NASDAQ 100, Dow Jones Transportation Average and S&P 500 as of 2020. It trades under the symbol CSX in the NASDAQ stock exchange.
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