CSX profit jumps on volume and revenue growth
Increased freight boosted CSX Q3 profits, along with higher fuel surcharge revenue and more efficient operations.
CSX’s third-quarter profits increased due to a combination of volume growth, higher fuel surcharge revenue, and efficiency gains, the railroad said.
Operating income increased 44%, to $1.57 billion, while revenue increased 12%, to a record $4.02 billion, the company said Wednesday. Earnings per share increased 54%, to 57 cents. Adjusting for the impact of a one-time goodwill impairment in the third quarter of 2025, operating income was up 25% and earnings per share rose 30%.
The railroad’s (NASDAQ: CSX) operating ratio was 60.9%, an 8.8-point improvement from a year ago, as expenses declined 2%. CSX set what it called an all-time U.S. quarterly record for fuel efficiency, at 0.92 gallons per 1,000 gross ton-miles.
Productivity improved 6% for the quarter, when measured by million gross ton-miles per employee, with overall rail employee headcount down 6.2% compared to last year.
This story was originally published by FreightWaves. Read the full story at FreightWaves →
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