CSX Corp Q3 2023 Earnings Call Summary - Thomson StreetEvents

CSX Corp Q3 2023 Earnings Call Summary

CSX Corp Q3 2023 Earnings Call Summary - Thomson StreetEvents
CSX Corp Q3 2023 Earnings Call Summary
Published Oct 19, 2023
17 pages (11070 words) — Published Oct 19, 2023
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Abstract:

Edited Brief of CSX.OQ earnings conference call or presentation 19-Oct-23 8:30pm GMT

  
Brief Excerpt:

...A. Our merchandise business remained steady, and our coal shipments were very strong. B. Our domestic intermodal volumes are growing well compared to last year, while our international intermodal business though down year-over-year has stabilized. C. First, we moved over 1.5 million carloads this quarter, which was down just slightly from a year ago with flat year-over-year performance in merchandise and 9% growth in coal. D. Our operating ratio ticked up in the low 60s and as we face challenges that we have been talking about all year, with lower fuel recovery, reduced intermodal storage revenue, lower export coal prices and higher cost of inflation, most notably with our labor contract. E. As in previous quarters, our margin does include the impact of the quality carriers trucking business. F. Second, we generated $3.6 billion in revenue, which was 8% lower than the previous year. G. Last year, we benefited from high diesel prices and record export coal benchmarks that were both much...

  
Report Type:

Brief

Source:
Company:
CSX Corp
Ticker
CSX.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "CSX Corp Q3 2023 Earnings Call Summary" Oct 19, 2023. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CSX-Corp-Earnings-Call-B15753269>
  
APA:
Thomson StreetEvents. (2023). CSX Corp Q3 2023 Earnings Call Summary Oct 19, 2023. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CSX-Corp-Earnings-Call-B15753269>
  
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