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Rail News: CSX Transportation

CSX joins Nasdaq-100 Index


CSX became a component of the Nasdaq-100 Index as of yesterday's market open, the company announced yesterday.

The index is composed of the 100 largest non-financial stocks listed on the Nasdaq Stock Market based on market capitalization. CSX currently has a market capitalization of about $25 billion, CSX officials said in a press release.

"Inclusion on the Nasdaq-100 Index reflects CSX’s strong track record of delivering shareholder value despite challenging business conditions," said CSX Executive Vice President and Chief Financial Officer Frank Lonegro.

The Nasdaq-100 Index represents more than $5 trillion in market capitalization and includes industry-leading companies in a variety of sectors from science and technology to retail and transportation.

Contact Progressive Railroading editorial staff.

More News from 2/23/2016