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CSX’s fourth-quarter profit slips, but railroad predicts profitable 2024

Por: MarketWatch Business January 25, 2024

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The results for the latest quarter were in line with the average of analysts surveyed by FactSet Research. The volume of shipments the railroad delivered rose 1% even with all the uncertainty in the economy, while it posted the best service performance in the industry. CSX said its trains were moving an average of 18.3 mph during the quarter, up from 17.5 mph a year earlier, and they spent less time sitting in railyards — only 9.6 hours on... + full article



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