{"slug":"csx","name":"CSX Corporation","name_en":"CSX Corporation","ticker":"CSX","updated_at":"2026-09-23T08:29:51.464162+00:00","canonical":"https://valuechain.wiki/csx","citable":"밸류체인 그래프 기준 CSX Corporation의 직접 연결 기업은 4곳(관계 기준 공급 1·매출 3)이고, 사슬을 2차까지 넓히면 8곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-23 기준).","citable_en":"Per the valuechain.wiki graph, CSX Corporation is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 8 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-09-23).","kicker":"미 동부 화물철도","kicker_en":"Eastern U.S. freight railroad","lead":"CSX는 미국 동부 철도망에서 일반화물, 복합운송, 석탄과 트럭 운송으로 돈을 번다. 기관차 구매·정비와 공동 철도 인프라 사용에 자금을 쓰며, 자동차와 중전기 고객의 공급망을 연결한다.","lead_en":"CSX earns revenue from merchandise, intermodal, coal and trucking services across its eastern U.S. rail network. It spends on locomotive purchases and maintenance and shared rail infrastructure while connecting automotive and heavy-electrical customers to their supply chains.","categories":[{"key":"rail-transport-operators","ko":"철도 운송 운영","en":"Rail Transport Operators","theme":"industrial-infrastructure","theme_ko":"산업 인프라·중공업","theme_en":"Industrial Infrastructure & Heavy Industry","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"일반화물","note":"FY2025 87억7,300만달러, 총매출의 62%"},{"name":"복합운송","note":"FY2025 20억7,300만달러, 총매출의 15%"},{"name":"석탄","note":"FY2025 19억달러, 총매출의 13%"},{"name":"트럭 운송","note":"FY2025 8억1,600만달러, 총매출의 6%"},{"name":"기타","note":"FY2025 5억3,000만달러, 총매출의 4%"}],"total":"FY2025 총매출 140억9,200만달러","track":"C"},"segments_en":{"parts":[{"name":"Merchandise","note":"$8.773 billion in FY2025, 62% of total revenue"},{"name":"Intermodal","note":"$2.073 billion in FY2025, 15% of total revenue"},{"name":"Coal","note":"$1.900 billion in FY2025, 13% of total revenue"},{"name":"Trucking","note":"$816 million in FY2025, 6% of total revenue"},{"name":"Other","note":"$530 million in FY2025, 4% of total revenue"}],"total":"$14.092 billion total revenue in FY2025"},"returns_yearly":{"2021":25.7,"2022":-16.6,"2023":13.5,"2024":-5.6,"2025":14.1,"2026":31.6},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"coca-cola","name":"Coca-Cola","name_en":"The Coca-Cola Company","tier":3,"returns_yearly":{"2021":11.4,"2022":10.6,"2023":-4.4,"2024":8.9,"2025":15.6,"2026":27.7}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":3,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":4}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":3,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-21.5}},{"slug":"united-rentals","name":"유나이티드 렌탈스","name_en":"United Rentals","tier":2,"returns_yearly":{"2021":43.3,"2022":7,"2023":63.6,"2024":24,"2025":15.9,"2026":31.3}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":2,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":23.4}},{"slug":"aep","name":"American Electric Power","name_en":"American Electric Power","tier":2,"returns_yearly":{"2021":10.7,"2022":10.4,"2023":-11,"2024":18.2,"2025":29.4,"2026":8.9}},{"slug":"ecolab","name":"에코랩","name_en":"Ecolab Inc.","tier":2,"returns_yearly":{"2021":9.4,"2022":-37.1,"2023":37.9,"2024":19.3,"2025":13.2,"2026":7}},{"slug":"steel-dynamics","name":"스틸 다이내믹스","name_en":"Steel Dynamics, Inc.","tier":1,"returns_yearly":{"2021":71.4,"2022":60.1,"2023":22.8,"2024":-2,"2025":50.7,"2026":43.6}},{"slug":"ford-motor-company","name":"포드","name_en":"Ford Motor Company","tier":1,"returns_yearly":{"2021":137.5,"2022":-42.2,"2023":15.8,"2024":-13.1,"2025":42.3,"2026":15.3}},{"slug":"hd-hyundai-electric","name":"HD Hyundai Electric","name_en":"HD Hyundai Electric","tier":1,"returns_yearly":{"2021":4.2,"2022":132.5,"2023":159.4,"2024":300.5,"2025":120.2,"2026":-31.3}}],"benefiting":[{"slug":"wabtec","name":"웹텍","name_en":"Wabtec Corporation","tier":1,"returns_yearly":{"2021":26.5,"2022":9.1,"2023":28,"2024":50.1,"2025":13.2,"2026":34.2}}],"analysis":"미 동부 화물철도 기업. 2026년 +37.5%다. 본주(+37.5%)와 수요단(평균 -19.1%)이 같은 보폭으로 움직인다.","analysis_en":"CSX Corporation operates across Eastern U.S. freight railroad. It is +37.5% in 2026. The stock (+37.5%) and its demand side (avg -19.1%) are moving in step. It spends on locomotive purchases and maintenance and shared rail infrastructure while connecting automotive and heavy-electrical customers to their supply chains.","analysis_asof":"2026-09-04"},"edges":[{"direction":"cost","counterparty":"웹텍","counterparty_slug":"wabtec","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-09","basis":"신형 기관차 100대, 현대화 50대와 디지털 솔루션을 포함한 웹텍 계약금액","value":670000000,"period":"2026 agreement","basis_en":"Value of the Wabtec agreement covering 100 new locomotives, 50 modernizations and digital solutions","qualifier":null},"note":"CSX는 웹텍에 신형 기관차 100대, 기존 기관차 50대 현대화와 디지털 솔루션을 발주했다. 2026년 2월 공개된 계약금액은 6억7,000만달러다.","note_en":"CSX ordered 100 new locomotives, 50 locomotive modernizations and digital solutions from Wabtec. The agreement announced in February 2026 is valued at $670 million.","sources":[{"stance":"mentions","publisher":"Simply Wall St","publisher_en":"Simply Wall St","kind":"analysis","lang":"en","published_at":"2026-03-28","url":"https://simplywall.st/stocks/us/transportation/nasdaq-csx/csx/news/is-csxs-locomotive-upgrades-and-maine-branch-revival-alterin","title":"CSX의 기관차 개선과 메인 지선 재가동이 투자 논리를 바꾸는가","title_en":"Is CSX’s Locomotive Upgrades and Maine Branch Revival Altering The Investment Case For CSX (CSX)?","excerpt":"분석은 CSX의 6억7,000만달러 웹텍 계약을 핵심 네트워크의 장기 효율화 투자로 평가했다.","excerpt_en":"The US$670 million Wabtec locomotive deal speaks to efficiency and network utilization."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/277948/000027794826000006/csx-20251231.htm","title":"CSX CORP 10-K (2026-02-12)","title_en":"CSX CORP 10-K (2026-02-12)","excerpt":"CSX는 장기 기관차 계약을 확대했으며 2026년부터 2028년까지 신형 기관차 100대를 구매할 계약상 의무가 있다고 공시했다.","excerpt_en":"CSXT is contractually obligated to purchase a total of 100 new locomotives between 2026 and 2028."},{"stance":"confirms","publisher":"CSX","publisher_en":"CSX","kind":"ir","lang":"en","published_at":"2026-02-09","url":"https://investors.csx.com/news-and-events/news/news-details/2026/CSX-Announces-670M-Locomotive-Fleet-Upgrade-with-Wabtec/default.aspx","title":"CSX, 웹텍과 6억7,000만달러 기관차 차량 현대화 계약 발표","title_en":"CSX Announces $670M Locomotive Fleet Upgrade with Wabtec","excerpt":"CSX는 웹텍과 6억7,000만달러 계약을 체결해 신형 기관차 100대, 현대화 50대와 디지털 솔루션을 도입한다고 발표했다.","excerpt_en":"CSX signed a $670 million deal with Wabtec for 100 new locomotives, 50 modernized locomotives, and digital solutions."}]},{"direction":"cost","counterparty":"Conrail","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-12","basis":"Conrail 임차료·수수료·서비스 비용","value":134000000,"period":"FY2025","basis_en":"Rents, fees and services expense paid to Conrail","qualifier":null},"note":"CSX는 공동 자산 구역의 선로 통행, 장비 임차, 운송·입환·터미널 서비스 대가를 Conrail에 지급한다. FY2025 임차료·수수료·서비스 비용은 1억3,400만달러였다.","note_en":"CSX pays Conrail for right-of-way use, equipment rentals, transportation, switching and terminal services in shared asset areas. Rents, fees and services totaled $134 million in FY2025.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/277948/000027794826000006/csx-20251231.htm","title":"CSX CORP 10-K (2026-02-12)","title_en":"CSX CORP 10-K (2026-02-12)","excerpt":"Conrail은 공동 자산 구역에서 선로 통행, 장비 임차, 운송, 입환과 터미널 서비스 수수료를 부과하며 FY2025 관련 비용은 1억3,400만달러였다.","excerpt_en":"Rents, Fees and Services were $134 million in 2025."}]},{"direction":"investment","counterparty":"Conrail","counterparty_slug":null,"confidence":"high","metric":{"type":"share","unit":"percent","as_of":"2026-02-12","basis":"CSX의 Conrail 경제지분","value":42,"period":"FY2025","basis_en":"CSX economic interest in Conrail","qualifier":null},"note":"CSX는 노퍽 서던과 Conrail을 공동 소유한다. CSX의 경제지분은 42%, 의결권 지분은 50%이며 지분법으로 회계처리한다.","note_en":"CSX jointly owns Conrail with Norfolk Southern. CSX holds a 42% economic interest and a 50% voting interest and accounts for the investment under the equity method.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/277948/000027794826000006/csx-20251231.htm","title":"CSX CORP 10-K (2026-02-12)","title_en":"CSX CORP 10-K (2026-02-12)","excerpt":"CSX는 Conrail의 경제지분 42%와 의결권 지분 50%를 보유하고 지분법을 적용한다고 공시했다.","excerpt_en":"CSX has a 42% economic interest and 50% voting interest in the jointly-owned entity."}]},{"direction":"revenue","counterparty":"포드","counterparty_slug":"ford-motor-company","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2023-04-21","basis":"포드가 CSX에 지급한 철도 운송 대가","value":null,"period":"2022 customer activity","basis_en":"Rail transportation consideration paid by Ford to CSX","qualifier":"confirmed_no_disclosed_value"},"note":"포드는 트럭에서 철도로 화물을 전환해 배출량을 줄인 CSX 고객으로 확인된다. 고객별 운임과 매출 기여액은 공개되지 않았다.","note_en":"Ford is identified as a CSX customer whose highway-to-rail conversions reduced freight emissions. Customer-specific freight rates and revenue contribution were not disclosed.","sources":[{"stance":"confirms","publisher":"CSX","publisher_en":"CSX","kind":"news","lang":"en","published_at":"2023-04-21","url":"https://www.csx.com/index.cfm/about-us/media/press-releases/csx-announces-customer-environmental-excellence-award-winners/?mobileFormat=false","title":"CSX, 고객 환경 우수상 수상 기업 발표","title_en":"CSX Announces Customer Environmental Excellence Award Winners","excerpt":"CSX는 포드를 2023년 도로 운송에서 철도로 전환한 고객 부문 수상 기업으로 명시했다.","excerpt_en":"Highway-to-rail Conversion Awards: Ford."}]},{"direction":"revenue","counterparty":"HD Hyundai Electric","counterparty_slug":"hd-hyundai-electric","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-03-16","basis":"HD Hyundai Power Transformers USA가 CSX에 지급하는 철도 물류 대가","value":null,"period":"2026 partnership","basis_en":"Rail logistics consideration paid by HD Hyundai Power Transformers USA to CSX","qualifier":"confirmed_no_disclosed_value"},"note":"CSX는 HD현대일렉트릭 북미 법인의 앨라배마 변압기 공장에 대형 화물 철도 물류를 제공하는 장기 파트너다. CSX가 받는 운임이나 계약금액은 공개되지 않았다.","note_en":"CSX is a longstanding rail logistics partner to HD Hyundai Electric's Alabama transformer operation, supporting complex and oversized moves. The freight rate and contract value paid to CSX were not disclosed.","sources":[{"stance":"confirms","publisher":"더구루","publisher_en":"The Guru","kind":"news","lang":"ko","published_at":"2026-03-16","url":"https://v.daum.net/v/20260316084625648","title":"HD현대일렉트릭, 미 전력 영토 확대 우군 확보, CSX와 변압기 신공장 물류 협력","title_en":"HD Hyundai Electric Secures CSX Logistics Partnership for New U.S. Transformer Plant","excerpt":"CSX는 HD현대일렉트릭 북미 법인의 물류 파트너로 선정됐으며, 특수 화물 운송과 공장 내 변압기 이동을 지원한다.","excerpt_en":"CSX was selected as the logistics partner for HD Hyundai Electric's North American subsidiary and will support oversized transformer moves."},{"stance":"confirms","publisher":"CSX","publisher_en":"CSX","kind":"ir","lang":"en","published_at":"2026-03-09","url":"https://www.csx.com/index.cfm/about-us/csx-customer-hd-hyundai-power-transformers-advances-200m-expansion/","title":"CSX 고객 HD현대 파워 트랜스포머, 2억달러 증설 추진","title_en":"CSX Customer HD Hyundai Power Transformers Advances $200M Expansion","excerpt":"CSX는 HD현대 파워 트랜스포머와 몽고메리 지역사회의 오랜 파트너이며, 복잡한 대형 화물 이동을 지원한다고 밝혔다.","excerpt_en":"CSX has been a longstanding partner to HD Hyundai Power Transformers and the Montgomery community."}]},{"direction":"revenue","counterparty":"스틸 다이내믹스","counterparty_slug":"steel-dynamics","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2024-11-04","basis":"Pittsboro 공장 고철 철도 운송비","value":null,"period":"current shipping specification","basis_en":"Rail freight for scrap delivered to the Pittsboro mill","qualifier":"confirmed_no_disclosed_value"},"note":"CSX Corporation은 Steel Dynamics의 Pittsboro Engineered Bar Division으로 고철을 철도 반입할 때 최종 운송사로 지정되며, 운임과 연간 물동량은 공개되지 않았다.","note_en":"CSX Corporation is designated as the final rail carrier for scrap deliveries to Steel Dynamics' Engineered Bar Division in Pittsboro, while freight spend and annual volume are not disclosed.","sources":[{"stance":"confirms","publisher":"Steel Dynamics","publisher_en":"Steel Dynamics","kind":"ir","lang":"en","published_at":"2024-11-04","url":"https://www.steeldynamics.com/wp-content/uploads/2025/04/Iron-Steel-Specifications-Nov-2024.pdf","title":"Iron & Steel Scrap Specifications Manual: Sales, Terms, and Conditions","title_en":"Iron & Steel Scrap Specifications Manual: Sales, Terms, and Conditions","excerpt":"Pittsboro의 Engineered Bar Division으로 들어오는 고철 철도 운송의 최종 운송사는 CSX다.","excerpt_en":"Consignee: Steel Dynamics, Engineered Bar Division Rail. Final Rail Carrier: CSX."}]}]}