What Does CSX on Trains Stand For?

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What Does CSX on Trains Stand For?
What Does CSX on Trains Stand For? (Image: flickr creative commons)

CSX stands for CSX Corporation, the owner of the railroad cars. The company has a long and interesting history in the U.S. transportation industry.

Significance

CSX is one of the largest rail transportation providers in the United States. The company owns more than 21,000 miles of railroad, 3,800 locomotives and 101,000 rail cars. CSX Corporation also owns pipelines, an IT business and numerous shipping terminals.

History

CSX history began in 1828 with the construction of the first common carrier railroad in the United States. In the 1960s, many smaller railroads were merging into larger companies. In 1980, CSX Corporation was officially born and the company continued to acquire railroads through the 1980s.

Potential

CSX Corporation stock trades on the New York Stock Exchange under the symbol CSX. In July 2009, the company had a market capitalization of $13.6 billion and a dividend yield of 2.88 percent.

Geography

CSX railroad business primarily serves the eastern third of the United States and the Canadian provinces of Ontario and Quebec. The company is based in Jacksonville, Fla.

Fun Fact

The company's original roots are the Baltimore & Ohio Railroad, commonly known as the B&O. B&O is one of the four railroad properties on the Monopoly game board.

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