CSX Corporation (NASDAQ:CSX) is one of the most promising stocks under $100. On September 26, CSX Corporation reopened the expanded Howard Street Tunnel in Baltimore, Maryland. This infrastructure project is valued at over $450 million and was completed ahead of schedule. It aims to modernize freight rail transportation along the East Coast and strengthen Maryland’s economy.
The tunnel was built between 1890 and 1895 and has been vital for over 125 years. The project was a collaborative investment involving CSX, the State of Maryland, the Federal Railroad Administration, and the US Department of Transportation to modernize the 19th-century tunnel while preserving its history.
US Transportation Secretary Sean P. Duffy noted that President Trump’s admin invested around $125 million into the project. Once additional clearance projects are complete in early 2026, the tunnel will clear a key I-95 corridor bottleneck, which will then enable double-stacked intermodal trains to move through Baltimore.
CSX Corporation (NASDAQ:CSX) provides rail-based freight transportation services in the US and Canada. It operates through two segments: rail and trucking.
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Disclosure: None. This article is originally published at Insider Monkey.