CSX Corporation is “a leading supplier of rail-based freight transportation in North America” (“About Us”). Its story began in the 1830s with the Baltimore and Ohio Railroad. It is not surprising that having such a long history, the organization was initially powered by horses and transferred to more efficient means of transporting only with the course of time. Various companies were created on its basis throughout the USA, but the home of CSX was established in Jacksonville only in the second half of the 20th century. Finally, in 1980, the very corporation was created, and its president allowed railroads to establish private contracts. Today, CSX is a multimodal company that tightly cooperates with numerous stakeholders and unites transporting organizations, covering 23 states.
The main strategy of the organization is to grow as fast as possible. Its management is willing to ensure that its prices are not affected by inflation critically, that its strategic investments are effective and that it can maintain numerous operations successfully without reducing shareholder value (“CSX CFO Reiterates Expectations”). CSX is focused on service excellence. It uses different resources to meet client needs and satisfy other involved parties.
In addition to that, the company emphasizes its willingness to be environmentally friendly, which appeals to its clients. As a rule, the organization works with intermodal containers and trailers. Its competitors deal with rail-based transportation as well.
The corporation is willing to become the safest and the most progressive representative of its sphere. Its mission is to benefit from the efficiency of rail transportation to provide the country with the best services. To reach this goal, CSX focuses on the needs of its clients and provides them with reliable services. It provides opportunities for professional and personal growth, ensuring that no employee is left behind. Safety initiatives are constantly improving to ensure that all staff members are at minimal risk of being harmed. Customer-based performance measures are considered to ensure that services are valid. Finally, the company is willing to affect both its community and the environment positively so that no adverse influences are provided.
Recently, the company has started a CSX of Tomorrow strategy the purpose of which is organizational growth and technological development. This event made the CSX think of the possibilities to improve its performance and urged its personnel to focus on innovations.
Two years ago, the organization began the modernization of the Virginia Avenue Tunnel, which is expected to both improve and streamline the transporting of goods. In 2014, intermodal terminals were established, which enhanced the operations of supply chains significantly. They also ensured the efficient and safe transfer of goods from rail to other transport means. This whole process lasted for several years, but it turned out to be worthy, as a great improvement in the quality of provided services was achieved.
CSX usually earns about $11,000 million per year, and even though its highest revenue of almost $12,700 was in 2014, the company does not face any significant losses. It is also important to notice that CSX’s performance improves with the course of time regardless of the fact that minimal reductions are observed in the short run. However, it is also vital to pay attention to the fact that the tax rate. For example, in the previous year, it reached 37,47% (“CSX Corp”). It is critical because it constantly increases, which affects the company’s revenue adversely.
Works Cited
“About Us.” CSX. Web.
“CSX CFO Reiterates Expectations and Strategy for Long-Term Value Creation.” CSX. 2014. Web.
“CSX Corp.” Morningstar. Web.