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Rail Transportation

CSX Corporation is an American holding company that is active in rail transportation and related infrastructure and real estate. The company primarily focuses on rail-based freight transportation and through its expensive network of railways, it plays a crucial role in the North American supply chain, connecting raw materials, finished goods, and import/export markets. CSX is active across the United States, as well as in parts of Canada, and corporate headquarters are located in Jacksonville, Florida. Its shares are listed on the Nasdaq.

Mergers and Consolidation

CSX Corporation has a rich history rooted in the amalgamation of numerous railroads throughout more than a century. Its origins trace back to the early 1800s with a number of small formations of small rail companies, which gradually evolved and grew through mergers. The modern entity of CSX was established in 1980, following the merger of Chessie System and Seaboard Coast Line Industries. These parent companies themselves were products of earlier mergers involving notable railroads like the Baltimore and Ohio, the Chesapeake and Ohio Railway, and the Seaboard Air Line Railroad. This consolidation was part of a broader trend in the industry to streamline operations and improve efficiency in response to the competitive pressures and regulatory changes in the transportation sector. Today, CSX is a major player in railbound freight, playing a significant role in North America's transportation infrastructure.

The Business

CSX Corporation operates under a business model primarily focused on freight rail transportation and logistics services. At the core of its operations is a vast rail network spanning thousands of miles across the eastern United States, which facilitates the movement of various commodities including industrial goods, agricultural products, and consumer items. CSX generates revenue by charging customers for transporting these goods, with pricing based on factors like cargo type, distance, and service levels. Additionally, the company offers intermodal services, combining rail and truck transport, to provide all-encompassing supply chain solutions. CSX also engages in real estate transactions, including leasing and property management, in order to generate alternative sources of revenue.

Being publicly traded is relatively common for North American railway companies. Some examples of publicly traded industry peers are Union Pacific, Canadian National, and Norfolk Southern.

East and West

CSX Corporation's organizational structure is strategically divided into two main geographic regions: East and West.

The Eastern region, managed by one subsidiary, covers a vast area including major hubs and routes in the eastern United States. This division is responsible for freight movements in densely populated and industrially significant areas, handling a variety of commodities and intermodal traffic. Conversely, the Western region, overseen by another subsidiary, focuses on areas west of the Mississippi River. This division typically handles freight specific to the agricultural, industrial, and energy sectors predominant in these regions.