From Yahoo Finance: 2025-04-16 19:06:00

CSX’s first-quarter profits fell due to congestion, reducing volume and revenue. Operating income declined by 22%, revenue by 7%, and earnings per share by 24%. The operating ratio increased to 69.6%, with expenses rising by 2%. Overall volume declined by 1%, with coal slumping by 9%.

CEO Joe Hinrichs emphasized the importance of consistent, reliable service to strengthen customer relationships and drive volume growth. CSX faced operational challenges due to harsh storms and ongoing infrastructure projects. The trade war prompted executives to reduce their outlook for the year, but CSX remains optimistic about future industrial development projects.

CSX’s key operational metrics reflected the impact of congestion, with average train velocity falling and terminal dwell increasing. Service metrics, including intermodal trip plan compliance and carload trip plan compliance, declined compared to a year ago. Safety performance improved, with personal injury and train accident rates declining from a year ago.

CSX is taking steps to address congestion issues, such as placing extra locomotives in service and boosting mechanical staffing. Flooding in Nashville and Cincinnati further complicated operational recovery efforts. Despite challenges, CSX remains focused on improving network performance and maintaining safety standards.

Read more: Congestion nicks CSX’s earnings, volume and revenue