JACKSONVILLE, Fla. – CSX made some employment changes on Thursday and about 125 managers were laid off to support a company-wide realignment, a spokesperson said.
The Jacksonville-based company employs around 23,000 people, and a spokesperson said the changes to its management structure reached “various functions of the organization.”
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According to a statement made to News4JAX, about 125 management employees were let go in a “difficult decision.”
CSX said those former employees will be supported with competitive severance and employment transition services.
Read the full statement below:
We can confirm that CSX has implemented changes to its management structure as part of the company’s ongoing efforts to continually improve business performance and ensure the company’s long-term success. Approximately 125 management employees were impacted by this difficult decision. These employees will be provided with robust support during this transition, including competitive severance and employment transition services. The decision reflects the company’s commitment to aligning resources with business needs and will help ensure that CSX continues to deliver for all of our stakeholders.
CSX spokesperson
According to a new report from the Jacksonville Daily Record, CSX stock recorded a minimal gain (1%) in the first half of 2025.
Jacksonville’s other big freight transportation company, Landstar System Inc., dropped 19%.
Baird analyst Daniel Moore, who rates both companies at “outperform,” thinks President Donald Trump’s tax and spending cut bill could help transportation and logistics companies.
“While still advancing through the legislative process, the House version offers a blend of business and household incentives that aligns with the kind of stimulus that has historically marked the beginning of a freight recovery,” Moore said in a July 1 report before Congress passed the bill July 3.
Moore thinks the bill could trigger bigger stimulus in the first year than some estimates are suggesting. The reasons include investment incentives that could encourage near-term capital spending and some business benefits that phase out after 2028.
Also, he cited “targeted household tax relief designed to boost discretionary income among middle-income consumers; and conservative scoring models that likely understate behavioral response and may not fully capture freight’s role as the conduit between policy incentives and real economic activity.”
Moore has a $38 price target for CSX, which closed June 30 at $32.63, and a $166 target for Landstar, which closed at $139.02.
