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.