US EditionCSX railroad profit slips 2% as shipping demand remained weak and severance costs hurt results
CSX’s fourth-quarter profit fell 2% due to weak freight demand and $50 million in severance costs, despite a 31.6% operating margin and improved intermodal volumes.
- CSX Corporation on Thursday said its profit slipped 2% in the fourth quarter, with revenue of $3.50 billion missing analysts' $3.54 billion estimate.
- Weak freight demand prompted softer industrial activity and about $50 million in one-time severance costs from layoffs last fall that Steve Angel, CSX's new CEO, carried out.
- Operational metrics showed trains averaged 19.6 mph and delivered 87% of shipments on time, while stronger intermodal volumes and merchandise pricing helped cushion the decline.
- CEO Steve Angel said the company will focus on productivity, cost control and capital discipline in 2026, forecasting operating margin expansion of 200 to 300 basis points and shares rose 3.2% in extended trading.
- Last fall, CSX completed the Baltimore tunnel project that will allow double-stacked container hauling this year; competitor Norfolk Southern announced a similar service earlier this week while JP Morgan raised CSX's price target to $43 on Jan. 12, 2026.
13 Articles
13 Articles
CSX misses quarterly results estimates on weak industrial demand, lower coal volumes
Jan 22 – CSX on Thursday reported fourth-quarter revenue and profit that fell short of market expectations, as weaker industrial demand and lower export coal volumes offset pricing gains and stronger intermodal traffic. U.S. railroad operators such as CSX have been facing softer industrial activity and uneven freight demand, prompting companies to rein in their costs and adjust operations. “Our quarterly results reflect the subdued industrial …
CSX railroad profit slips 2% as shipping demand remained weak and seve
CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs from layoffs that new CEO Steve Angel carried out last fall. The Jacksonville, Florida-based railroad said it earned $720 million, or 39 cents per share, in the quarter. That’s down from $733 million, or 38 cents per share. But the results were weighed down by about $50 million in one-time costs that drug down profits by …
Associated Press News
CSX railroad profit slips 2% as shipping demand remained weak and severance costs hurt results
CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs from layoffs that new CEO Steve Angel carried out last fall.
CSX railroad profit falls 2% as transportation demand remains weak and severance pay hurts results
Add thelocalreport.in As A Trusted Source For free real-time breaking news alerts delivered straight to your inbox, sign up for our breaking news emails Sign [...] The post CSX railroad profit falls 2% as transportation demand remains weak and severance pay hurts results appeared first on thelocalreport.in.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
