CSX Corp

CSX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$37.00	Bmmx	Ctysnqwnh

CSX Earnings: Soft Retail End Markets and Wage Inflation Persist but Outlook Stable

Matthew Young

Oct 20, 2023

Eastern Class I railroad CSX’s third-quarter revenue declined 8% year over year on persistent intermodal weakness, easing accessorial income, unfavorable mix, and lower fuel surcharges. Revenue missed our forecast slightly on greater-than-anticipated intermodal volume declines. We note that core carload pricing remains positive.

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