CSX reviews challenges, progress in 2024 report

CSX this week released its 2024 annual report, which describes the Class I overcoming significant disruptions, including the Francis Scott Key Bridge collapse at the Port of Baltimore, hurricanes and the longshoremen's strike at East Coast ports.

“Our team rose to every challenge with professionalism, ingenuity, and compassion,” said CSX President and CEO Joe Hinrichs in a press release. “Their commitment allowed us to deliver for customers and position CSX for long-term success.”

In the report, Hinrichs cites CSX employees’ efforts to maintain coal exports, reroute traffic and swiftly repair infrastructure as examples of their work and ingenuity. As a result, CSX increased volume by 2% year over year.

Last year, CSX invested $2.5 billion to strengthen infrastructure and maintain momentum across its network. These strategic investments include acquiring the Meridian & Bigbee Railroad and ongoing efforts to modernize the Howard Street Tunnel in Baltimore.

Additionally, the report reviews how CSX advanced sustainability efforts, such as the unveiling of its first its first hydrogen-powered locomotive and improving fuel efficiency by 4%. Those and other actions helped CSX customers avoid over 10 million tons of CO2 emissions last year.

Moreover, through programs such as SAFE CSX and ONE CSX Academy, the company improved safety, contributed more than 24,000 volunteer hours and over $1 million in disaster relief and charitable giving.

To read the full report, click here.