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Railroad operator CSX posts quarterly lead to line with expectations

CSX reported fourthquarter profit and revenue in line with Wall Street approximates on Thursday as a decline in coal earnings offset gains from volume development in its intermodal section.

Intermodal shipping, which includes 2 or more ways of transport for items, saw a 4%. rise in volume throughout the 4th quarter.

Meanwhile, quarterly volume in the coal section fell 7% and income was down 20% compared to. in 2015.

Need for coal, which has been hampered as consumers change to cheap natural gas stockpiles. for energy, is anticipated to decline further.

CSX said that it had likewise been harmed by a fall in fuel surcharge, an included fee that the. business gathered from clients to account for changes in the price of fuel utilized to. operate trains.

The business reported operating revenue of $3.54 billion in the quarter ended Dec. 31,. roughly meeting analysts' estimate of $3.58 billion.

Excluding items, it reported a revenue of 42 cents per share, down 6.7% from in 2015 however in. line with analysts' estimates.

International volume growth in the intermodal segment will moderate in 2025 after a robust. 2024, the business said in its financier discussion.

The company stated its global shipping partners were positive, however also cautious on. matters associated with tariffs in the middle of policy uncertainty.

However, the railway operator is positive about domestic intermodal shipping, expecting to. benefit from services, new consumer positionings and modal conversions.

Shares of the Jacksonville, Florida-based company fell 2.6% in aftermarket trading.

(source: Reuters)