1857 ET - CSX CEO Joe Hinrichs says on a call with analysts that he expects the company's disappointing first quarter to be a valley for the year, with profitability improving sequentially from here. The railroad operator anticipates volume growth for the full year on the basis of fairly stable demand. "However, the near-term effects of rapidly changing trade and tariff policies are uncertain," Hinrichs says. "This makes it difficult to project a reasonable range." In the long-term, he expects trends toward the expansion of U.S. manufacturing capacity to benefit the company. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 18:57 ET (22:57 GMT)
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