CSX Business Summary

CSX Corporation operates as a leading North American provider of rail-based freight transportation services, generating revenue through the movement of merchandise, intermodal containers, and coal across a 20,000-mile network. The company’s business model is centered on its Merchandise segment—comprising chemicals, agricultural products, automotive, and minerals—which accounted for approximately 64% of its $14.09 billion in 2025 revenue. The Intermodal and Coal segments provide critical links for global supply chains and domestic energy production, respectively, while a smaller trucking segment offers door-to-door logistics. Within the competitive landscape, CSX maintains a dominant duopoly in the Eastern United States alongside Norfolk Southern (NSC), while competing for transcontinental traffic with Union Pacific (UNP), Canadian National (CNI), and Canadian Pacific Kansas City (CPKC). Formed in 1980 through the merger of the Chessie System and Seaboard Coast Line Industries, CSX is currently led by President and CEO Steve Angel, who took the helm in September 2025 after serving as CEO of Linde plc. The executive team includes EVP and CFO Kevin Boone, who returned to the finance lead in late 2025, and EVP and COO Mike Cory, an industry veteran with nearly 40 years of experience in scheduled railroading. The leadership suite is further supported by Chief Digital and Technology Officer Stephen Fortune and Chief Commercial Officer Maryclare Kenney. Governed by a board chaired by John J. Zillmer, the company is backed by major institutional investors including The Vanguard Group and BlackRock, underscoring its status as a foundational component of U.S. industrial infrastructure.