CSX Reports Volume Increase Due to Higher Truck-to-Rail Conversions
CSX reported a year-over-year volume increase of 3% and a 6% rise in intermodal units due to higher truck-to-rail conversions driven by rising fuel costs. The railroad is optimistic about continued momentum, citing tighter trucking supply and opportunities for new services like the Southeast Mexico Express.
Topics: fuel costs intermodal volume growth rail freight trucking market dynamics