CSX’s (NASDAQ: CSX) net profit for the first quarter of 2021 slipped 8% from a year ago on a 2% increase in expenses and a 1% drop in revenue.
Net income for the first quarter of 2021 was $706 million, or 93 cents per share, compared with $770 million, or $1 per share, for the first quarter of 2020.
First-quarter revenue fell 1% year-over-year to $2.81 billion, with declines in merchandise, coal and fuel surcharge revenues offsetting gains for intermodal and other revenue growth, CSX said.
Meanw...
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