CSX - CSX Corporation (CSX) Q1 2024 Earnings Call Transcript
2024-04-17 21:05:24 ET
CSX Corporation (CSX)
Q1 2024 Earnings Call Transcript
April 17, 2024, 04:30 PM ET
Company Participants
Matthew Korn - Head of IR
Joe Hinrichs - President and CEO
Mike Cory - EVP and COO
Kevin Boone - EVP and CCO
Sean Pelkey - EVP and CFO
Conference Call Participants
Justin Long - Stephens
John Chappell - Evercore ISI
Tom Wadewitz - UBS
Brian Ossenbeck - JPMorgan
Scott Group - Wolfe Research
Brandon Oglenski - Barclays
Ken Hoexter - Bank of America
Jordan Alliger - Goldman Sachs
Bascome Majors - Susquehanna
Jason Seidl - TD Cowen
Ben Nolan - Stifel
Amit Mehrotra - Deutsche Bank
Walter Spracklin - RBC Capital Markets
Stephanie Moore - Jefferies
Ravi Shanker - Morgan Stanley
JD Millan - Bernstein Research
Jeff Kauffman - Vertical Research Partners
Presentation
Operator
Good afternoon, everyone. My name is Brianna and I will be your conference operator today. At this time, I would like to welcome everyone to the CSX Corporation First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the conference over to Matthew Korn, Head of Investor Relations. You may begin your conference.
Matthew Korn
Thank you, Brianna. Hello everyone and good afternoon and welcome to our first quarter earnings call. Joining me this afternoon are Joe Hinrichs, President and Chief Executive Officer; Mike Cory, Executive Vice President and Chief Operating Officer; Kevin Boone, Executive Vice President, and Chief Commercial Officer; and Sean Pelkey, Executive Vice President and Chief Financial Officer.
In presentation accompanying this call, you will find slides with our forward-looking disclosure and our non-GAAP disclosures for your review. With that, it is now my pleasure to introduce Mr. Joe Hinrichs.
Joe Hinrichs
All right. Thank you, Matthew. Hello, everyone. Thank you for joining our first quarter call. CSX had a solid start to 2024 that was in line with our expectations. I've learned that when it comes to routing, it never really is an easy quarter. And this year has already brought us a number of challenges. Thankfully, we have a great ONE CSX team of over 23,000 people. And as you've seen in our weekly volume performance, our railroad has kept moving forward after the early periods of severe weather in January. The latest incident, of course, has been the tragic Francis Scott Key Bridge collapse. CSX had a deep historical relationship with Baltimore and we have important operations there, particularly with our export coal business. We're committed to doing our part to help the city recover. We are happy to see the progress already being made for reopening the port. Later in the call, Mike Cory and Kevin Boone will tell you more about what we are doing now to mitigate the impact of this event for our customers....
CSX Corporation (CSX) Q1 2024 Earnings Call Transcript