Sector: Industrials|Industry: Railroads|Market Cap: $61.86B|Employees: 23K
CSX Corporation is a leading transportation company providing rail-based freight services, including traditional rail, intermodal, and bulk commodity transport. Operating a 20,000-mile rail network across 26 states in the Eastern US and parts of Canada, CSX connects major markets and ports, serving diverse industries. The company's competitive advantages lie in its extensive network, scheduled service model, and ability to offer cost-effective and environmentally efficient transportation solutions.
Q2 2024 revenue was $3.701B, a marginal increase from $3.699B in Q2 2023. Total expenses rose to $2.253B from $2.233B in the same period, indicating a slight increase in operational costs.
Operating income decreased to $1.448B from $1.466B, and net earnings fell to $963M from $984M year-over-year. These declines suggest a minor contraction in profitability.
Both Q2 2024 and Q2 2023 reported diluted earnings per share of $0.49, indicating no change in per-share profitability despite fluctuations in revenue and expenses.