CSX CSX Corp.

Risks

• New legislation or regulatory changes could impact the Company's earnings or restrict its ability to independently negotiate prices.
• Government regulation and compliance risks may adversely affect the Company's operations and financial results.
• CSXT, as a common carrier by rail, is required by law to transport hazardous materials, which could expose the Company to significant costs and claims.
• The Company faces competition from other transportation providers.
• Global economic conditions could negatively affect demand for commodities and other freight.
• Changing dynamics in the U.S. and global energy markets could negatively impact profitability.
• The Company relies on the security, stability and availability of its technology systems to operate its business.
• The Company’s operations and financial results could be negatively impacted by climate change and regulatory and legislative responses to climate change.
• The Company is subject to environmental laws and regulations that may result in significant costs.
• The Company may be subject to various claims and lawsuits that could result in significant expenditures.
• Disruption to a key railroad industry supplier could negatively affect operating efficiency and increase costs.
• Network constraints could have a negative impact on service and operating efficiency.
• Future acts of terrorism, war or regulatory changes to combat the risk of terrorism may cause significant disruptions in the Company's operations.
• Severe weather or other natural occurrences could result in significant business interruptions and expenditures in excess of available insurance coverage.
• Failure to complete negotiations on collective bargaining agreements could result in strikes and/or work stoppages.
• Weaknesses in the capital and credit markets could negatively impact the Company’s access to capital.