CSX Transportation, Inc., founded in 1980 and headquartered in Jacksonville, Florida, is a major player in the North American rail freight industry, providing essential transportation services across various sectors. The company operates an extensive network of railroads, offering services that include transportation of intermodal containers, coal, and freight logistics solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CSX 7.88% 2043-05-15 USDCSX Transportation, Inc., | United States | 2043-05-15 | 7.875 | 5.81 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
CSX began issuing bonds in the mid-1980s to finance its operations and capital projects, with significant bond offerings made throughout its history to fund expansion and modernization initiatives. Notably, in 2017, CSX issued a $600 million bond, which attracted interest due to its strategic focus on improving operational efficiency. The company's current bond yields are competitive within the transport sector, and its bonds are often viewed favorably for their relatively low default risk, supported by a strong credit rating and robust cash flow from ongoing operations.