CSX delivered 3% more shipments in the third quarter to help drive its profit 8% higher. But only modest volume growth is expected in the rest of the year as the Southeast rebuilds after two major hurricanes. The railroad said it earned $894 million, or 46 cents per share.
Italy expands its ban on surrogacy to overseas as critics say it targets same-sex couplesHelene and Milton are both likely to be $50 billion disasters, joining ranks of most costly stormsUnions face a moment of truth in Michigan in this year's presidential raceSerena Williams says she had a benign cyst removed from her neck and 'all is OK'Liam Payne, former One Direction member, dies at 31 in Argentina hotel fallAmazon and Google are dueling with nuclear for data center powerHow to...
The railroad expects the hurricanes to be a $50 million drag on its fourth-quarter results through a combination of rebuilding costs and lost revenue. During the quarter that ended Sept. 30, the railroad said its revenue crept up 1% to $3.62 billion. Analysts were expecting CSX to report revenue of $3.68 billion.
The railroad has been working for years to reduce its expenses by running fewer, longer trains, so it can operate with fewer locomotives and train crews. That work to streamline the railroad’s operations continued this quarter with expenses declining 2% to $2.27 billion.
Hurricanes And Typhoons FL State Wire Earnings Natural Disasters Transportation And Shipping Jacksonville Business F
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov. DeSantis awards infrastructure grants to CSX, JAXPORT, Lake CityGov. Ron DeSantis announced on Friday $18 million in statewide grants to help improve Florida’s supply chain infrastructure.
Read more »
700k people still without power as weary residents in southeast long for relief after HeleneDuke Energy said Friday it hopes to have the lights back on for many customers in the Carolinas this weekend, but it warns that people living in places with catastrophic damage should be prepared to wait weeks or longer.
Read more »
Marjorie Taylor Greene Appears To Claim Democrats ‘Control The Weather’—After Hurricane Helene Strikes SoutheastTy Roush is a New York City-based breaking news reporter who frequently covers Russia’s invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness affecting dogs across the U.S.
Read more »
San Antonio’s Thai Curry shows there’s more to explore in Southeast Asian cuisineIn the dark days BPE — that’s Before Pearl Era — many of San Antonio’s most rewarding restaurants were Thai.
Read more »
Celebrity chef Jose Andres helps Southeast recover from Hurricane HeleneWorld Central Kitchen, a nonprofit founded by Chef Jose Andres, has mobilized in the southeast to serve hot meals and assist with Hurricane Helene recovery efforts.
Read more »
Hurricane Helene Devastates Southeast, Relief Organizations RallyHurricane Helene, a Category 4 storm, ripped through the southeastern United States last week, leaving behind widespread destruction and at least 200 confirmed fatalities. As recovery efforts continue in states like Florida, Georgia, South Carolina, North Carolina, Tennessee, and Virginia, numerous charity organizations have stepped up to provide aid and support to affected communities.
Read more »