CSX revenue and profits declined in the fourth quarter as growth in merchandise and intermodal traffic was not enough to overcome sharp declines in coal and fuel surcharge revenue.
The impact of a pair of hurricanes — both of which affected traffic bound to and from Florida, the railroad’s highest-volume state — also weighed on CSX’s (NYSE: CSX) operations, service metrics, and quarterly results.
“Overall, we executed well through a difficult period. However, we are not satisfied with these...