The Securities and Exchange Commission dropped its probe of CSX Corp.’s previously reported accounting errors and certain non-financial metrics, the company disclosed on Wednesday.
“The company received correspondence from the SEC on July 10, 2025, indicating that the agency had concluded its investigation and does not intend to recommend an enforcement action,” the railroad company said in a regulatory filing.
The SEC sent a subpoena to CSX in October, asking the company to produce documents about accounting mistakes revealed in its prior quarterly financial statement.
Those errors were tied to accounting for engineering scrap and engineering support labor. Miscoding of these items made the company understate purchased services and labor and overstate properties, CSX said at the time.
The company didn’t deem the mistakes big enough to require a formal re-do of its old financial statements. It quietly corrected the errors via what’s called a revision.
CSX didn’t immediately respond to a request for comment.
