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CSX announces Q2 2023 results

(Source: CSX press release, July 20, 2023) JACKSONVILLE, Fla. — CSX Corp. today announced second quarter 2023 operating income of $1.48 billion compared to $1.70 billion in the prior year period. Net earnings of $996 million, or $0.49 per diluted share, compared to...

CSX continues to target truck-to-rail conversions

(Source: Freight Waves, July 21, 2023) CSX is playing a long-term game when looking at encouraging shippers to switch from using trucks to using the railroads, and quantifying what that might look like could take some time, executives said during the eastern U.S....