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7/24/2025
CSX yesterday announced second-quarter 2025 net income of $829 million, or 44 cents per diluted share, declined from net income of $963 million, or 49 cents per share, in the same period a year ago.
The Class I's Q2 2025 operating income of $1.28 billion compared to $1.45 billion in Q2 2024. Total revenue came in at $3.6 billion for the quarter, down 3% from a year ago. CSX officials attributed the decrease in total revenue to the effects of lower export coal prices, reduced fuel surcharge and a decline in merchandise volume. Those trends were only partially offset by higher merchandise pricing, an increase in other revenue and growth in intermodal volume, company officials said in a press release.
Total volume of 1.58 million units for the quarter was flat compared to second quarter 2024 and up 4% sequentially, CSX officials said in a press release. The company posted a Q2 operating margin of 35.9% compared to 39.1% in Q2 2024.
“The skill and commitment of CSX’s railroaders enabled us to deliver significant sequential improvements in network fluidity and cost efficiency that are apparent in our financial results,” said CSX President and CEO Joe Hinrichs. “While uncertainty continues to impact select industrial markets, we remain focused on completing two major infrastructure projects that will strengthen our position to execute on many profitable growth opportunities ahead.”