CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024
10 months, 4 weeks ago

CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024

Associated Press  

CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. CSX CEO Joe Hinrichs said that he’s feeling pretty good about demand in several key sectors heading into this year. Edward Jones analyst Jeff Windau said in a research note that CSX has a reputation for being very efficient, and he expects the railroads mangers to remain focused on that — just like Hinrichs said. But Hinrichs said he still expects Congress to pass a rail safety bill later this year, but the railroads are trying to shape what’s included in the final bill.

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History of this topic

CSX profit slipped as the railroad scrambled to respond to Baltimore bridge collapse
4 months, 2 weeks ago

CSX profit slipped as the railroad scrambled to respond to Baltimore bridge collapse

Associated Press  

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. “I am proud of our railroad’s performance, including our team’s effective response to the disruptions at the Port of Baltimore,” CSX CEO Joe …

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
8 months ago

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter

Associated Press  

CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable service. The Jacksonville, Florida-based railroad said Wednesday that it earned $893 million, or 46 cents per share, in the first three months of the year as …

CSX railroad’s 1Q profit jumps 15% on higher rates
1 year, 8 months ago

CSX railroad’s 1Q profit jumps 15% on higher rates

Associated Press  

— CSX hauled in 15% more profit in the first quarter as the railroad’s higher rates and fuel surcharges offset its higher costs. CEO Joe Hinrichs said the railroad’s service improved in the quarter as CSX cut down on the number of delays many shippers had complained about over the past year. Windau said CSX did “a really nice job …

CSX railroad profit up 9% on higher fuel surcharges, rates
1 year, 10 months ago

CSX railroad profit up 9% on higher fuel surcharges, rates

Associated Press  

— CSX hauled in 9% more profit in the fourth quarter as the railroad hauled less cargo but charged higher shipping rates and tacked on more fuel surcharges. President and CEO Joe Hinrichs, who joined CSX in the middle of last fall’s difficult contract fight with 12 rail unions, said he’s “really proud of the progress we’ve made. The railroad …

CSX 3Q profit up 15% as railroad hauls 2% more freight
2 years, 2 months ago

CSX 3Q profit up 15% as railroad hauls 2% more freight

Associated Press  

— CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months. The Jacksonville, Florida-based railroad said Thursday that it earned $1.11 billion, or 52 cents per share, in the three-month period that ended Sept. 30. Newly hired CEO Joe Hinrichs said …

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