This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
3/27/2023
CSX has released its 2022 annual report, which shows the company’s annual revenue climbed 19% to nearly $15 billion from the previous year.
The Class I achieved "significant financial, safety, service and workforce objectives" last year, company officials said in a press release.
"For the first time since the pandemic disrupted supply chains and tightened labor markets, we re-established the momentum that will enable our company to fully realize the potential of our proven operating model centered on safety, service, efficiency and people," said President and CEO Joe Hinrichs.
Net earnings grew 10% to $4.2 billion in 2022 from $3.8 billion in 2021. By the end of 2022, the company’s service performance was approaching record levels, which set the stage for volume growth driven by market share gains versus trucks as well as new rail-served manufacturing plants, CSX officials said.