Current location:Culture Clutch news portal > opinions
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
Culture Clutch news portal2024-05-21 16:50:17【opinions】4People have gathered around
IntroductionCSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its firs
CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable service.
The Jacksonville, Florida-based railroad said Wednesday that it earned $893 million, or 46 cents per share, in the first three months of the year as it handled 3% more freight. That’s down from $987 million, or 48 cents per share, a year ago.
The results were slightly better than Wall Street predicted. The analysts surveyed by FactSet Research expected CSX to report earnings per share of 45 cents.
CEO Joe Hinrichs said he was reminded again of one of the key lessons he’s learned in his first 18 months on the railroad: “There never really is an easy quarter.”
Hinrichs said he was pleased the railroad was able to deliver consistent customer service that helped it attract more business. He said many of the markets CSX serves are seeing “favorable trends” and more customers are willing to give the railroad more of their business because CSX has delivered better service consistently.
Address of this article:http://congorepublicofthe.claboston.org/content-7d899099.html
Very good!(48)
Related articles
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- 'Science city' sees green future become a reality
- China to start second round of shuttle diplomacy on Ukraine crisis
- More outbound flights expected for Spring Festival
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- NPC aims to further enhance the legal system
- EU mulls boosting military spending, relying less on U.S.
- Academicians vow greater contributions
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- GBA integration a focus of attention at CPPCC
Popular articles
Recommended
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Mainland, KMT seek common ground: Promoting exchange, opposing external interference
Wang Yi: China, Russia forging new major country relations
At UN, China calls for aid to make it to Gaza
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
First volume of 'Xi Jinping: The Governance of China' published in Bulgarian
Congressional threat of TikTok ban a living example of protectionism, pan
The only land port between China and Pakistan welcomed its first customs clearance of 2024
Links
- Former NFL coach Jon Gruden loses Nevada high court ruling in NFL emails lawsuit
- Texas university leaders say hundreds of positions, programs cut to comply with DEI ban
- Now Just Stop Oil sell T
- Brewers' Rhys Hoskins goes on 10
- Giancarlo Stanton's HR, Carlos Rodón's 6
- China, other countries to spur trade
- How to watch the Preakness Stakes
- Alanna Smith scores career
- Judge tosses Republican lawsuit that sought to declare Arizona’s elections manual invalid
- 'Don't tag this beach, b**ch!' Mallorca anti