(Source: Trains.com, October 19, 2023)
CSX Transportation earnings declined alongside a third-quarter volume slump. Quarterly operating income dropped 18%, to $1.3 billion, as revenue fell 8%, to $3.6 billion. Earnings per share declined 19%, to 42 cents. CSX’s operating ratio was 63.8%, up from 59.5% a year ago.
Full story: Trains.com