CSX posts record third-quarter revenue on gains in intermodal and coal shipping
CSX reported third-quarter revenue up 12% to $4.02 billion, $60 million above Wall Street estimates, with earnings of $0.57 per share, according to Seeking Alpha.
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what happened
According to Seeking Alpha, CSX reported record third-quarter revenue of $4.02 billion, up 12% from a year earlier and $60 million above Wall Street expectations. Higher fuel surcharges, bigger shipment volumes and higher charges across merchandise, intermodal and coal drove the gain.
Intermodal revenue rose 20% to $634 million against an estimate of $651.5 million. Coal revenue climbed 10% to $537 million, versus $528.3 million expected. Earnings reached $0.57 per share, up 54% year over year and three cents above forecasts. Operating margin widened by 880 basis points to 39.1%. Shares rose more than 4% in after-hours trading.
why it matters
Fuel costs rose $170 million to $451 million, partly offset by a $164 million decline in goodwill impairment expenses. The results set a reference point for the US rail sector ahead of Union Pacific and Norfolk Southern reporting on Thursday.
market impact
US rail stocks: CSX's strong results support expectations for the freight transport sector
tags
instruments
sources
- Intermodal and coal help drive CSX to record Q3 revenue — Seeking Alpha, 21 October 2026 at 21:15 UTC
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