Stephen Angel

Chief Executive Officer, President & Director, CSX Corporation

Search every verified Stephen Angel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Stephen Angel, president and chief executive officer of CSX, discussed the company's performance and strategy during earnings calls in late 2025 and 2026. In the second quarter of 2026, he reported a 6% increase in volume and a 10% increase in revenue, which he described as a quarterly record, attributing the results to stronger demand and the work of CSX employees. He also stated that the company updated its full-year outlook to reflect mid-to-high single-digit revenue growth, operating margin expansion of greater than 350 basis points, and free cash flow growth of greater than 80%. Angel emphasized a focus on profitability over market share, saying that the most important factor is that added business increases operating income, expands margins, and delivers good returns on invested capital. Earlier in 2026 and in late 2025, Angel addressed softer market conditions and the company's planning process. In the first quarter of 2026, he discussed the potential impact of industry consolidation, noting that such processes take time and present both challenges and opportunities. In the fourth quarter of 2025, he said the company was replacing its multi-year targets with guidance for 2026 only, citing a subdued demand environment and no anticipated meaningful improvement in macroeconomic conditions. He also highlighted safety, customer service, and return on capital as key performance metrics for the company, stating that return on capital is particularly important for a capital-intensive industry.