CSX Transportation: you will be researching and learning more about the company you have chosen. Your report should cover the following points. Your submission should be approximately 2 pages long and use at least two credible resources. Research and review the website of the company you chose for most of the information below:
Introduction
Provide an overview of the business you selected.
Industry: Retail, Hospitality/Food Service, Banking/Finance, Health, Etc. (Knowledge/Area of expertise)
Company Valuation: (Capital)
Number of Employees (Labor)
Headquarters location (Land)
Founder/CEO/Leadership (Entrepreneurship)
Explain why you selected this business.
History
Provide a brief history of this business.
Products
Identify and describe the main products (goods and/or services).
Social Responsibility
Describe the company’s social responsibility plan.
According to Investopedia, social responsibility means companies have a duty to act in the best interests of the environment and society as a whole, including employees. Examples include reducing the company’s carbon footprint, donating money to a social cause, or offering top-level benefits to employees.
Full Answer Section
hy CSX?
I chose CSX because it's a powerful example of an infrastructure giant silently contributing to everyday life. It's a company rarely in the spotlight, yet its operations move the building blocks of our economy – from grains and chemicals to consumer goods and automobiles. Understanding CSX is like understanding the unseen gears that keep the nation running.
History:
CSX's story stretches back to the 19th century with the formation of numerous regional railroads. Through mergers and acquisitions over decades, these lines ultimately consolidated into the CSX we know today. This rich history, with its tales of pioneering locomotives and fierce competition, shapes the company's identity and legacy.
Products:
CSX's primary product is rail-based freight transportation. It caters to diverse industries, transporting:
- Bulk commodities: Coal, grain, chemicals, and construction materials
- Intermodal: Containers hauled on combined truck-rail platforms
- Automotive: Finished vehicles and automotive parts
- Merchandise: Consumer goods of all kinds, from furniture to electronics
Social Responsibility:
CSX recognizes its impact on the environment and communities it serves. Its "Corporate Pride in Service" program focuses on various areas:
- Environmental sustainability: Investing in fuel-efficient locomotives, reducing emissions, and minimizing land use.
- Community engagement: Supporting veterans, disaster relief efforts, and educational initiatives.
- Employee well-being: Offering competitive benefits, promoting safety, and fostering diversity and inclusion.
Conclusion:
CSX Transportation is more than just a rail company; it's a complex tapestry woven with history, innovation, and social responsibility. By understanding its operations and values, we gain a deeper appreciation for the silent engine driving a significant portion of America's economic activity.
Sample Answer
CSX Transportation: A Colossus on Rails
Introduction:
CSX Transportation, colloquially known as simply CSX, is a leading freight railroad company operating in the eastern United States and parts of Canada. With a sprawling network of over 21,000 miles of track, it moves a vast array of goods, making it a vital artery for America's economy.
Industry: Transportation & Logistics (Land)
Company Valuation: $55.81 Billion (Market Capitalization as of January 28, 2024)
Number of Employees: 30,000+
Headquarters: Jacksonville, Florida
Founder/CEO: Founded in 1980 through the merger of Chessie System and Seaboard Coast Line Industries, current CEO Joseph Hinrichs joined in 2022.