CSX Earnings Slumping

[AdvancedApproach]

CSX earnings slump under the weight of one-time charges and coal decline - Trains

JACKSONVILLE, Fla. — CSX’s profits declined in the third quarter as intermodal growth could not offset an 11% decline in coal revenue. But the railroad’s key operating metrics all improved, even amid detours related to a pair of major construction projects, the Howard Street Tunnel clearance...

www.trains.com

 

[pdkoester]

Not really surprising to me.

 

[OddRails]

If CXS's export coal dropped, I wonder who the international customers have turned to for their supply?
I had thought that coal exports were a promising and profitable facet for the coal industry. Of course with the recent situation of the US's tariffs and policy, we are likely losing international customers.

An interesting data point came from a company that measures how popular different countries are on the world stage. For many years the US has ranked somewhere in the top 10 places of the list. The latest data I heard was that Japan is now #1, Germany is #2 and the US has dropped to #14.