CSX, headquartered in Jacksonville, Florida, offers rail-based freight transportation services and employs 23,400 people. Its subsidiary, CSX Transportation, operates a 20,000-route mile network across 26 states and Canada.
CSX has been in the news recently: CSX Corporation is under investigation by multiple law firms for potential federal securities law violations following a 5.8% decline in its share price due to financial misstatements and a subpoena regarding accounting errors. Additionally, Canadian Pacific Kansas City (CPKC) will enhance shipping options by acquiring a 52-mile rail segment in Alabama, which will create a direct connection with CSX.
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