CSX Reports Record Third Quarter Revenue Driven by Intermodal and Coal Growth
CSX reported record third-quarter revenue of $4.02 billion, representing a 12% increase compared to the previous year. This performance exceeded Wall Street expectations by approximately $60 million, fueled by higher fuel surcharges, increased shipping charges, and robust volumes across several key segments. The growth was primarily driven by strong performance in the intermodal and coal sectors, alongside gains in merchandise segments. These diverse revenue streams helped offset broader economic fluctuations, positioning the company with stronger top-line momentum heading into the final quarter.
Tickers: $CSX