11 Best Logistics Stocks to Invest in Right Now

3. CSX Corporation (NASDAQ:CSX)

Number of Hedge Funds: 51

CSX Corporation (NASDAQ:CSX) serves as a leading supplier of rail-based freight transportation in North America. The firm’s rail and intermodal businesses offer rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

The firm is a dominant transportation supplier in the US with nearly two-thirds of Americans living within CSX’s service territory. The firm’s transportation network serves some of the largest population centers in the country and encompasses around 20,000 route miles of track in 26 states, the District of Columbia, and the Canadian provinces of Ontario and Quebec. Additionally, CSX has access to more than 70 ocean, river, and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes, and the St. Lawrence Seaway.

The dominant US transportation supplier was successful in delivering meaningful growth in volume, operating income, and operating margin in the third quarter of 2024. Regardless of the hurricanes the business encountered, CSX’s established network remained resilient.