By Kelly Cloonan
CSX recorded lower profit and revenue in its latest quarter as demand in industrial markets remains subdued.
The railroad operator on Thursday posted a profit of $720 million, or 39 cents a share, in the fourth quarter, compared with $733 million, or 38 cents a share, a year earlier. Analysts expected 41 cents a share, according to FactSet.
Revenue fell 1% to $3.51 billion, missing the $3.54 billion forecast by FactSet analysts.
The decrease was driven by lower merchandise volume and export coal revenue, which offset increases in merchandise and intermodal prices, intermodal volume and fuel surcharge revenue.
"Our quarterly results reflect the subdued industrial demand environment and actions taken to adjust our cost structure," Chief Executive Steve Angel said.
The company is positioned to improve its results this year as it focuses on productivity and controlling costs, Angel said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
January 22, 2026 16:24 ET (21:24 GMT)
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