CSX Railway
CSX announces second quarter results PDF Print E-mail
Written by CSX   
Saturday, 25 July 2025 01:06
JACKSONVILLE, Fla. — CSX Corporation [NYSE: CSX] today announced second quarter earnings of $308 million, or 78 cents a share, versus $385 million, or 93 cents a share, last year. Excluding the impact of discontinued operations related to The Greenbrier resort, earnings per share from continuing operations declined 24 percent from 95 cents to 72 cents.

Second Quarter Highlights:

* Earnings per share at 78 cents; 72 cents from continuing operations
* Productivity and cost cutting efforts continue
* Operating income at $582 million and operating ratio at 73.4%
* Safety levels strong, contributing to favorable casualty reserve adjustment

Second quarter revenues of $2.2 billion were down 25 percent from the prior year, primarily due to a 21 percent decline in volume and lower fuel surcharge recovery. Volumes continued to decline across the board, although the rate of decline in the coal market accelerated in the second quarter.

"While the economy continues to significantly impact our business, there are some signs that we may be seeing the bottom in many markets," said Michael Ward, president, chairman and CEO. "Even in this difficult business environment, we are still strengthening our operations, optimizing our resources and making the right investments to prepare our network for the future."
Read more
Add comment (0)
Hits: 624
 
CSX says double-digit volume drop to continue in 3Q PDF Print E-mail
Written by Dow Jones   
Wednesday, 15 July 2025 21:26
JACKSONVILLE, Fla. — CSX Corp. (CSX) said railroad freight volume likely will slide by a double- digit percentage rate in the third quarter, albeit not quite as steeply as the second quarter's 21% decline.

Executives of the Jacksonville, Fla.-based railroad said plunging year-over- year volume showed signs of "leveling" in the second quarter for the bulk of its markets.

"All and all, it looks to us that most of these markets are stabilizing.... barring any unforeseen circumstances," said Clarence Gooden, executive vice president of sales and marketing at CSX, speaking Tuesday on a post-earnings conference call.

A slump in coal shipments widened significantly, however, falling by 21% in the second quarter from a 7% first-quarter slump. CSX blamed the decline on reduced usage by electric utilities and lower natural gas prices, as well as on reduced coal exports due partly to lower steel production in Europe.
Read more
Add comment (0)
Hits: 528
 
More Articles...


Page 2 of 4

General Industry News

U.S. Class I workforce slips below 150,000 in Sept

The U.S. Class I workforce not only shrank for the second-straight month in...

One year later: is Metrolink safer now?

CHATSWORTH, Calif. — On Sept. 12, 2008, at precisely 16:22:23 (4:22 p.m.), ...

More in: General Industry News

AAR News

A healthy rail network critical to the nation's re

WASHINGTON, D.C. — Association of American Railroads President and CEO...

U.S. railroads continue to post weak carload, inte

WASHINGTON, D.C. — The Association of American Railroads today reporte...

More in: AAR News

Railroad Retirement Board News

No Railroad Retirement benefit increase in 2010; M

CHICAGO — Railroad retirement annuities, like social security benefits...

Buy-outs and Railroad Retirement benefits

CHICAGO — Railroad employees frequently ask the Railroad Retirement Bo...

More in: Railroad Retirement Board News

Federal Regulatory News

FRA to grant $115 million for rail construction

WASHINGTON, D.C. —
Funds Complement President Obama’s $8 Billion Dow...

NTSB announces 2010 Most Wanted List of Safety I

WASHINGTON, D.C. — The National Transportation Safety Board today issu...

More in: Federal Legislation and Regulation News

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.