Reported 13 days ago
CSX experienced a 22% drop in third quarter profits, leading investors to focus on the strategic direction under new CEO Steve Angel, who aims to enhance the company's performance. Angel hinted at the potential for future mergers but emphasized the importance of running the company effectively in the meantime. Despite recent setbacks from construction and repairs, CSX improved its operational efficiency, achieving faster train speeds and maintaining a high on-time shipment rate.
Source: YAHOO