(Source: Associated Press, July 20, 2023)
CSX said that it earned $996 million, or 49 cents per share, during the second quarter. That’s down 15% from a year ago when the railroad’s results were helped by a $122 million land sale. Last year, CSX reported earnings of $1.18 billion, or 54 cents per share. The total number of shipments CSX delivered slipped 3% in the quarter as it handled 10% fewer intermodal shipping containers.
Full story: Associated Press