(Source: Freight Waves, July 22, 2020)
CHATTANOOGA, Tenn. — Second-quarter net profits for CSX slipped 43% amid a pandemic-induced 26% drop in revenue. Second-quarter revenue fell 26% to $2.26 billion amid lower economic activity driven by the COVID-19 pandemic, CSX said. Volumes fell 20% to 1.26 million units, while revenue per unit slipped 7% to $1,794.
Full story: Freight Waves