CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight. The railroad said it earned $846 million, or 42 cents per share in the quarter. That was just short of what Wall Street expected. The railroad's results showed mixed demand across the various industries it serves. A strong 19% jump in auto shipments and 9% growth in coal wasn't enough to offset weak demand for imported consumer products and agricultural shipments. CSX said its average train speed hit 17.6 mph in the quarter to show that its network is running smoothly.
CSX railroad profit falls 24% as it delivered 2% fewer accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
OMAHA, Neb. (AP) — CSX reported a 24% drop in the railroad s third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its
CSX boss pledges continued improvements to to shoddy re accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.