CSX (CSX) risk factors, FY2025 10-K

CSX's FY2025 10-K, filed Feb 12, 2026, lists 20 risk factors. Against the prior year's 19: 2 new, 1 dropped.

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Risk factors listed
200 groups
New this year
2vs 19 last year
Dropped
1since the prior 10-K
Substantially reworded
0of those kept
Section length
4k wordsItem 1A

What the changes say

  • CSX added technology and artificial intelligence risks alongside expanded climate and emissions regulatory exposure.

What changed since the prior 10-K

New

  • New

    or other similar incidents attributed to its third-party vendors as they relate to the information CSX shares with them

    Vendor security breaches or failures to adopt new rail and artificial intelligence technology could harm financial results and competitive position.

  • New

    The Company’s operations and financial results could be negatively impacted by climate or weather-related risks as well as regulatory and legislative responses

    Severe weather patterns and new EPA or governmental emission caps and disclosure rules could negatively impact railroad operations and finances.

Dropped

  • Dropped

    There is potential for operational impacts from climate-related risks, including changing weather patterns, in the Company's operational territory, which could impact the Company's network or other assets

All 20 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01New legislation, regulatory changes or other governmental actions could impact the Company's earnings or restrict its ability to independently negotiate prices
  2. 02Government regulation and compliance risks may adversely affect the Company's operations and financial results
  3. 03CSXT, as a common carrier by rail, is required by law to transport hazardous materials and could be adversely impacted by non-compliance with applicable regulations or from regulatory and legislative changes
  4. 04The Company may be subject to various claims and lawsuits that could result in significant expenditures
  5. 05The Company relies on the security, stability and availability of its technology systems to operate its business
  6. 06or other similar incidents attributed to its third-party vendors as they relate to the information CSX shares with themNew
  7. 07Network or supply chain constraints could have a negative impact on service, operating efficiency or volume of shipments
  8. 08CSXT, as a common carrier by rail, transports hazardous materials, which could expose the Company to significant costs and claims in the event of a train accident
  9. 09An epidemic or pandemic and the initiatives to reduce its transmission could adversely affect the Company's business
  10. 10Future acts of terrorism, war or regulatory changes to combat the risk of terrorism may cause significant disruptions in the Company's operations
  11. 11Severe weather or other natural occurrences could result in significant business interruptions and expenditures in excess of available insurance coverage
  12. 12The Company faces competition from other transportation providers
  13. 13Global economic conditions could negatively affect demand for commodities and other freight
  14. 14Changing dynamics in the U.S. and global energy markets could negatively impact profitability
  15. 15Weaknesses in the capital and credit markets could negatively impact the Company’s access to capital
  16. 16The unavailability of critical resources could adversely affect the Company’s operational efficiency and ability to meet demand
  17. 17Disruption to a key railroad industry supplier could negatively affect operating efficiency and increase costs
  18. 18Failure to complete negotiations on collective bargaining agreements could result in strikes and/or work stoppages
  19. 19The Company’s operations and financial results could be negatively impacted by climate or weather-related risks as well as regulatory and legislative responsesNew
  20. 20The Company is subject to environmental laws and regulations that may result in significant costs

Other CSX 10-Ks

  • FY2024 10-K risk factors
    19 risks

    CSX faces heavy regulatory oversight from bodies like the STB, FRA, and EPA impacting operations. The company is bound by common carrier mandates to transport hazardous materials, creating accident and security risks. Labor relations, network constraints, and severe weather threaten operational efficiency and volume.

    Filed Feb 27, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.