CSX profit falls 14% in the second quarter even though rail shipments were flat

CSX won’t rule out merger options

CSX’s New York Central heritage locomotive basks in the sun outside the railroad’s Waycross, Ga., paint shop. CSX JACKSONVILLE, Fla. — CSX may not be out shopping for a merger partner, but the railroad will consider proposals that would raise shareholder value, improve service, and lead to profitable growth. “We know there’s been a lot of rumor and speculation about consolidation in the railroad industry in recent weeks,” CSX CEO Joe Hinrichs sa…

CSX CEO signals he would be open to merger talks as profit falls 14% in the second quarter

CSX railroad’s CEO signaled he would be open to merger conversations if a deal would boost shareholder value and help the business grow.

CSX profit falls 14% in the second quarter even though rail shipments were flat

CSX railroad’s profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network

CSX Corp. Announces Second Quarter 2025 Results

JACKSONVILLE, Fla., July 23, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced second quarter 2025 operating income of $1.28 billion compared to $1.45 billion in the prior year period. Net income was $829 million, or $0.44 per diluted share, compared to $963 million, or $0.49 per diluted share, in the same period last year. Total volume of 1.58 million units for the quarter was flat compared to second quarter 2024 and up 4% sequen…

CSX CEO Signals He Would Be Open to Merger Talks as Profit Falls 14% in the Second Quarter

CSX railroad's CEO signaled he would be open to merger conversations if a deal would boost shareholder value and help the business grow.

SEC clears CSX after investigating old accounting errors

The errors were tied to accounting for engineering scrap and engineering support labor.