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CSX boss pledges continued improvements to to shoddy reliability as quarterly profit falls 24%

Por: ABC News Business October 20, 2023

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OMAHA, Neb. -- CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.The Jacksonville, Florida-based railroad said it earned $846 million, or 42 cents per share, in the quarter. That's down from $1.1 billion, or 52 cents per share, a year ago. The results fell just short of the 43 cents per share that Wall... + full article



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