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CSX's Q2 Profit and Revenue Decline Amid Lower Intermodal Volumes and Fuel Prices

  • CSX's second-quarter profit decreased 15% to $996 million compared to a year earlier.
  • Intermodal shipping container volumes dropped 10%, contributing to a 3% decline in total shipments.
  • Revenue was down 3% to $3.7 billion, missing analyst estimates.
  • Lower diesel fuel prices also negatively impacted CSX's results.
  • CSX shares fell around 5% after reporting earnings due to the revenue miss.
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