CSX Profit Dips Despite Increased Shipping Volume
The Baltimore bridge collapse disrupted coal exports, impacting CSX's second-quarter earnings.
- CSX's Q2 profit fell 2% to $963 million, slightly beating analyst expectations.
- Shipping volume increased by 2%, but revenue remained flat at $3.7 billion.
- The Baltimore bridge collapse in March significantly disrupted coal exports.
- Expenses rose due to higher labor costs, affecting operating margins.
- CSX shares rose over 4.5% in extended trading following the earnings report.
Associated Press 
Baltimore Sun 
Benzinga 