CSX Corporation (NYSE:CSX) provides results of governance performance
CSX Corporation (NYSE:CSX) released its Corporate Social Responsibility report for 2012. The report enumerates CSX’s environmental, social, financial and governance performance. The Chairman and CEO, Michael J Ward said that the company is committed in pursuing excellence and operating a transparent and sustainable growth. In addition to this, he remarked that the company’s strong and steady operational and financial performance demonstrates company’s community and employee engagement and environmental stewardship work.
The CSR report has measured environmental performance and has documented the company’s commitment in managing its environmental footprint. The report also enumerated CSX’s continued commitment in fostering profit, responsible growth and maximizing shareholder’s wealth. CSX capital investments for the year 2012 amounted to $2.3 billion which included investments related to public-private partnerships in its network. The main motive for such investment was that the company wanted to ensure its ability to deliver excellent customer service. CSX plans to make capital investments of $2.3 billion in 2013 as well.
CSX Corporation (CSX), together with its subsidiaries, provides transportation services. The Company basically provides rail based transportation services which includes traditional rail service and transportation of intermodal containers and trailers.
CSX announced that it has been ranked 19th amongst the “100 Best Places to Work in IT” by IDG’s Computerworld. CSX was the highest-ranked transportation company, recognized for its dedication which creates a challenging and supportive work environment for IT employees.
The company has announced that it would announce second quarter results on 16th July, 2013 after the market close. Earlier this year, the company had declared a quarterly dividend of $0.15 which was increased by 7% from earlier dividend payments. The stock of CSX showed a decline of 3.07% from the day’s opening at $23.23 and closed at $22.75. The company’s market capitalization is $23.25 billion with 1.02 billion outstanding shares.