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.
Q3 revenue reached $3.619 billion, a 1% increase compared to $3.572 billion in Q3 2023, driven by merchandise and intermodal volume increases, partially offset by lower coal revenue.
Operating income increased to $1.354 billion in Q3 2024, up 7% from $1.271 billion in Q3 2023, due to decreased expenses and modest revenue growth.
Earnings per diluted share increased to $0.46 in Q3 2024, a 12% increase compared to $0.41 in Q3 2023, reflecting improved operating performance.