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CSX Corporation

CSX Corporation
Public
Traded as NYSECSX
S&P 500 Component
Dow Jones Transportation
Industry Transport
Founded 1980
Headquarters CSX Transportation Building
500 Water Street
Jacksonville, Florida
, U.S.
Area served
Eastern United States
Key people
Michael J. Ward, Chairman, President, and CEO
Services Railroad Transport
Revenue
  • 11px US$ 12.026 billion (2013) [1]
  • 11px US$ 11.763 billion (2012) [1]
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Total assets
  • 11px US$ 31.782 billion (2013) [2]
  • 11px US$ 30.723 billion (2012) [1]
Total equity
Number of employees
11px36,005
Subsidiaries CSX Transportation
Website http://www.csx.com/

CSX Corporation was formed in 1980 by the merger of Chessie System and Seaboard Coast Line Industries and eventually merged the various railroads owned by those predecessors into a single line that became known as CSX Transportation. Based in Richmond, Virginia, USA after the merger, in 2003 headquarters moved to Jacksonville, Florida (predecessor railroad Seaboard had also been headquartered in Jacksonville). The chairman, president, and chief executive officer since 2003 is Michael J. Ward.

The founding chairman was Prime F. Osborn III of Seaboard and the first CEO and second chairman was Hays T. Watkins Jr. of Chessie. Watkins was succeeded by John W. Snow as CEO in 1989 and as chairman in 1991. When Snow left the company in 2003 to become United States Secretary of the Treasury, Ward, who then headed CSX Transportation, was promoted to succeed him.

Subsidiary companies

Divestitures and discontinued operations

  • CSX Hotels, Inc.
  • Sea-Land Corporation split into two shipping lines and a terminal operator:
  • SL Services, Inc. (“SLSI”) sold to Dubai Ports International FZE (“DPI”) in 2005 [8]
  • Orange Blossom Investment Company, Ltd sold to Dubai Ports International FZE (“DPI”) in 2005
  • CSA Acquisition Corp.
  • Texas Gas Transmission Corporation bought in 1983, sold in 1988 to Transco [9]
  • Energy and utilities

References

External links

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