(Source: Associated Press, August 5, 2024)
CSX railroad’s second-quarter profit slipped 2% — even though the volume of its shipments was up by the same rate — as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports. CSX said Monday that it earned $963 million, or 49 cents per share, in the second quarter. That’s down from last year’s $984 million, or 49 cents per share.
Full story: Associated Press