Intermodal revenues and volumes have continued to plummet at CSX, with double-digit declines reported in the second quarter after a weak Q1.
The US rail carrier’s performance directly contrasts that of Canadian Pacific, reporting, on the same day, marked increases in both income and freight transported.
Even so, CSX chief executive James Foote remains convinced the rail operator is on the right path for long-term growth.
“Intermodal declined primarily due to the impact of line rationalisations implemented …
The post A tale of two railroads: CSX and CP report contrasting results appeared first on The Loadstar.
Source: The Loadstar