Reported about 10 hours ago
CSX reported a substantial financial impact in Q1, losing $1 million daily amidst challenges from hurricane recovery efforts and tunnel construction. The railroad's CFO, Sean Pelkey, revealed that the company missed out on $100 million in revenue opportunities due to network constraints. As reconstruction progresses in Tennessee and tunnel work in Baltimore is ahead of schedule, CSX anticipates improved performance, with intermodal service reliability contributing to volume growth. The company is also focusing on operational efficiencies and future investments to enhance its service.
Source: YAHOO