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CSX railroad says it hauled in 9% more fourth-quarter profit even though it carried less cargo because it received more money for fuel surcharges and higher shipping rates.
CSX’s revenue declined 3% to $3.7 billion as the decline in diesel prices generated smaller fuel surcharges for the railroad. The revenue was just below the $3.73 billion that analysts predicted.
CSX railroad says it hauled in 9% more fourth-quarter profit even though it carried less cargo because it received more money for fuel surcharges and higher shipping rates.
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