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CSX Corporation : CSX, City Year, ACTrees and Greenscape of Jacksonville team up with JAXPORT to landscape Jacksonville middle school

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05/27/2012 | 03:30pm CEST

CSX Corporation (NYSE: CSX):

 

What:

Volunteers from CSX (NYSE: CSX), City Year, the Alliance for Community Trees and Greenscape of Jacksonville teamed up with JAXPORT Saturday to construct mural benches, landscape and install borders, remove dead trees and plant more than 80 large trees and shrubs, including Indian Hawthorne, Crepe Myrtle and Fringe Tree, at Matthew W. Gilbert Middle School. For more information on this and other CSX service events, go to http://www.beyondourrails.org/map.

 

Who:

CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, connecting customers to ports, distribution centers and markets across the eastern United States. Through grass-roots volunteerism and focused corporate giving, CSX is committed to supporting the communities where it operates. City Year is an education-focused, nonprofit organization founded in 1988 that partners with public schools to help keep students in school and on track to graduate. In 23 communities across the United States and through two international affiliates, this innovative public-private partnership brings together teams of young AmeriCorps members who commit to a year of full-time service in schools. Corps members support students by focusing on attendance, behavior, and course performance through in-class tutoring, mentoring, and after school programs. Alliance for Community Trees (ACTrees) is a national nonprofit organization dedicated to improving the health and livability of cities by planting and caring for trees. With over 200 member organizations in 44 states and Canada, ACTrees engages volunteers to take action to improve the environment where 93% of people live: in cities, towns, and metropolitan areas. Together, ACTrees member organizations have planted and cared for over 15 million trees with help from over 5 million volunteers. The vision of the Jacksonville Port Authority is to be a major economic engine for Northeast Florida by continuing to be a premier diversified port in the Southeastern United States with connections to major trade lanes throughout the world. Greenscape of Jacksonville is a nonprofit organization founded in 1975 with the mission of enhancing Jacksonville through the planting, protection, and promotion of trees. Since that time, Greenscape is credited with adding over 300,000 trees to the Jacksonville tree canopy.
 

When:

Saturday, May 26, 2012 from 8:00 am - 1:00 pm
 

Where:

Matthew W. Gilbert Middle School
1424 Franklin Street
Jacksonville, Fla. 32206
 

Why:

This service day was a collaboration between CSX and JAXPORT, two key area businesses that support the United Way Achiever's for Life Program of which Matthew W. Gilbert Middle School is a participant. Achiever's for Life works with local businesses to match mentors and advocates with students at risk of dropping out. In addition to engaging in volunteer service for the school, in 2010, CSX leadership packed and donated much-needed school supplies to the entire student body and its teachers.

 

How:

"Trees for Tracks" is CSX's commitment to plant 21,000 trees, one for every mile of track, over the next five years, in the areas most in need of green. CSX is listed on the Dow Jones Sustainability Index for its achievements in environmental performance, including reaching ahead of schedule the company's voluntary goal of reducing greenhouse gas emissions by eight percent and its tree planting initiative.

For CSX Corporation
Eric Hartsock, 443-858-4437
ehartsock@exit10.com


ę Business Wire 2012
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Financials ($)
Sales 2016 10 819 M
EBIT 2016 3 183 M
Net income 2016 1 648 M
Debt 2016 10 573 M
Yield 2016 2,55%
P/E ratio 2016 16,27
P/E ratio 2017 14,77
EV / Sales 2016 3,47x
EV / Sales 2017 3,36x
Capitalization 26 951 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 29,6 $
Spread / Average Target 3,7%
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Managers
NameTitle
Michael J. Ward Chairman & Chief Executive Officer
Clarence W. Gooden President
Cindy M. Sanborn Chief Operating Officer & Executive VP
Frank A. Lonegro Chief Financial Officer & Executive Vice President
Kathleen Brandt Chief Information Officer & Senior Vice President
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