CSX (CSX) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-02-12. 21 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

0new since FY2024
0reworded
0removed
21unchanged

Headings mentioning a theme: Tariffs 0 · AI 0 · Cybersecurity 0 · China 0 · Interest rates 0. Compare across the S&P 500.

Regulatory, Legislative and Legal

3
  1. New legislation, regulatory changes or other governmental actions could impact the Company's earnings or restrict its ability to independently negotiate prices.
  2. Government regulation and compliance risks may adversely affect the Company's operations and financial results.
  3. CSXT, 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.

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CSX CORPORATION

3
  1. The Company may be subject to various claims and lawsuits that could result in significant expenditures.
  2. Operational, Safety and Business Disruption
  3. The Company relies on the security, stability and availability of its technology systems to operate its business.

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CSX CORPORATION

2
  1. Network or supply chain constraints could have a negative impact on service, operating efficiency or volume of shipments.
  2. CSXT, 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.

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CSX CORPORATION

3
  1. An epidemic or pandemic and the initiatives to reduce its transmission could adversely affect the Company's business.
  2. Future acts of terrorism, war or regulatory changes to combat the risk of terrorism may cause significant disruptions in the Company's operations.
  3. Severe weather or other natural occurrences could result in significant business interruptions and expenditures in excess of available insurance coverage.

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Competitive, Economic and Financial

4
  1. The Company faces competition from other transportation providers.
  2. Global economic conditions could negatively affect demand for commodities and other freight.
  3. Changing dynamics in the U.S. and global energy markets could negatively impact profitability.
  4. Weaknesses in the capital and credit markets could negatively impact the Company’s access to capital.

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CSX CORPORATION

4
  1. Availability of Critical Supplies and Labor
  2. The unavailability of critical resources could adversely affect the Company’s operational efficiency and ability to meet demand.
  3. Disruption to a key railroad industry supplier could negatively affect operating efficiency and increase costs.
  4. Failure to complete negotiations on collective bargaining agreements could result in strikes and/or work stoppages.

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Climate and Environmental

1
  1. The Company’s operations and financial results could be negatively impacted by climate or weather-related risks as well as regulatory and legislative responses.

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CSX CORPORATION

1
  1. The Company is subject to environmental laws and regulations that may result in significant costs.

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Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.