Reported 1 day ago
CSX reported a decline in fourth-quarter profits due to lower coal and fuel revenue, alongside costs related to hurricanes that affected traffic to Florida. Despite a 2% increase in overall volume driven by intermodal traffic, operating income fell 16%, impacted by a goodwill impairment charge. The company anticipates ongoing challenges in the coming year from lower export coal volumes and rising operating costs due to construction projects.
Source: YAHOO