Reported 3 days ago
CSX's profits fell in the third quarter, largely due to an 11% decrease in coal revenue, despite improvements in key operating metrics. The railroad reported adjusted operating income down 8% to $1.25 billion and attributed some of the earnings drop to a $164 million writedown from its acquisition of Quality Carriers. Overall, the company remains optimistic about future growth, citing strong customer relationships and improvements in operational efficiency, even in the face of mixed economic conditions.
Source: YAHOO