5 Best Logistics Stocks to Buy

2. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 61

Dollar Value of Hedge Fund Holdings: $4,035,904,000

CSX Corporation (NASDAQ:CSX) is a rail-based freight transportation services provider.

On July 3, it was announced that CSX Corporation (NASDAQ:CSX) has entered into an agreement with Canadian Pacific Kansas City Limited (NYSE:CP) and Genesee and Wyoming (G&W) that will result in the creation of a new freight corridor that will connect the state of Alabama in the Southeastern region with Texas and Mexico. CSX Corporation (NASDAQ:CSX) has a heavy emphasis on the eastern side of the US, as it is targeting 20 new sites in the area for expansion of services.