(Source: Trains.com, January 24, 2024)
For the fourth quarter of 2023, higher costs ate into CSX’s profits. The railroad’s operating income declined 10%, to $1.3 billion, as revenue declined 1%, to $3.6 billion. Earnings per share declined 8%, to 45 cents. CSX’s operating ratio increased 3.2 points, to 64.1%. Overall volume increased 1% for the quarter. Merchandise traffic grew 3%, intermodal volume was flat, and coal traffic was up 3%.
Full story: Trains.com