CSX faces risks from ongoing litigation, including antitrust lawsuits related to fuel surcharges and environmental proceedings involving potential remediation costs. The company also notes potential for losses exceeding established reserves, particularly in environmental matters. Uncertainties exist regarding the outcome of these legal proceedings and the cost of compliance with various laws and regulations. Interest rate fluctuations could impact future debt costs. Natural events and labor disputes are also potential risks.
Financial Upside
CSX saw a 1% increase in revenue in Q3 2024, driven by higher merchandise and intermodal volumes and pricing gains. Operating income increased by 7% year-over-year. The company repurchased shares, and has $3.6 billion remaining in its share repurchase program. Free cash flow (before dividends) increased in the nine months ended September 30, 2024. The company also issued $550 million in long-term debt.
