CSX Stands Alone Among U.S. Railroads

CSX Corp. (CSX) has been receiving awards while delivering for investors. In regards to the former, CSX was just named to the Dow Jones Sustainability Index for North America for the sixth year in a row, and it received the Award of Excellence in Public Safety for its “CSX Rail Respond” mobile-commuting application.

CSX was the only U.S.-based railroad as well as only one of three transportation companies included in the Dow Jones Sustainability Index for North America. It was specifically recognized for the following high-performance areas:

  • Corporate governance
  • Supply chain management
  • Corporate citizenship
  • Philanthropy
  • Management systems
  • Fuel efficiency
  • Operational eco-efficiency

Michael J. Ward, chairman and chief executive officer, released the following statement, “Achieving the ‘right results, the right way’ is one of CSX’s core values, and we aim to live that value every day as we safely and efficiently move the goods that are essential to our communities. By operating with respect for customers, employees, neighbors and the environment, we’re able to create sustainable, long-term value for our investors.”

The Award of Excellence in Public Safety was given by the National Alliance for Public Safety GIS Foundation (NAPSG). CSX’s mobile-commuting application allows emergency responders to access commodities being transported on CSX rails in real time.

Skip Elliott, CSX vice president of Public Safety, Health & Environment, said, “CSX’s Rail Respond mobile application is successful due to a collaborative effort between CSX and our emergency first response partners that incorporated their feedback and usage needs into the development of this tool. The future success of this and similar systems is founded on our ability to continue working with those partners and listening to their feedback. We’re grateful for this recognition of Rail Respond and CSX’s commitment to transparent information-sharing, because timely and fact-based decision making can make the difference in supporting successful responses to rail-related incidents.”

CSX has appreciated 11.26% over the past 12 month versus 8.91% for the S&P 500 over the same time frame. CSX offers a dividend yield of 2.51%.

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