Reuters

Tayang pada

17 April 2025 pukul 00.00

Railroad operator CSX misses quarterly estimates as coal revenue falls

April 16 (Reuters) - Railroad operator CSX (CSX.O), opens new tab reported first-quarter revenue and profit below Wall Street estimates on Wednesday, as gains in intermodal were offset by a decline in coal revenue and fuel surcharge.

Demand for coal has been hampered by consumers switching to cheaper natural gas stockpiles for energy, but that trend is expected to change after U.S. President Donald Trump signed executive orders earlier this month aiming to boost coal production.

"CSX faced operational challenges to start the year, which contributed to first quarter results that did not meet our expectations," CEO Joe Hinrichs said in a statement.

Intermodal shipping, which involves two or more means of transportation for goods, saw a 2.1% rise in volume during the quarter, while that of coal fell 8.5%.

The company reported revenue of $3.42 billion for the quarter ended March 31, below analysts' estimate of $3.47 billion, according to data compiled by LSEG.

It reported a profit of 34 cents per share, also missing expectations of 37 cents.

CSX's operating margin for the quarter was 30.4%, down from the 36.3% it posted a year ago.

Shares of the Jacksonville, Florida-based company were marginally down in after-hours trading.

Bisnis Indonesia

Tayang pada

17 April 2025 pukul 00.00

17/04/25

10 dari 190 Izin Tambang yang Dibekukan Sudah Bayar Jaminan Reklamasi

IDX Channel.com

Tayang pada

17 April 2025 pukul 00.00

17/04/25

10 Emiten Batu Bara Paling Cuan di 2024, Siapa Saja?

Kontan

Tayang pada

17 April 2025 pukul 00.00

17/04/25

190 IUP Ditangguhkan ESDM: IMA, APBI, dan APNI Pastikan Anggotanya Aman

CNBC Indonesia

Tayang pada

17 April 2025 pukul 00.00

17/04/25

2 Kabar Baik Hari ini: Harga Batu bara Naik, China Balik ke RI Lagi

CNBC Indonesia

Tayang pada

17 April 2025 pukul 00.00

17/04/25

351 Kontainer Isi Batu Bara Ilegal Ditemukan, Negara Rugi Rp5,7 T

Alamat Sekretariat.

Menara Kuningan Building.

Jl. H.R. Rasuna Said Block X-7 Kav.5,

1st Floor, Suite A, M & N.

Jakarta Selatan 12940, Indonesia

Email Sekretariat.

secretariat@apbi-icma.org

© 2025 APBI-ICMA

Situs web dibuat oleh

Alamat Sekretariat.

Menara Kuningan Building.

Jl. H.R. Rasuna Said Block X-7 Kav.5,

1st Floor, Suite A, M & N.

Jakarta Selatan 12940, Indonesia

Email Sekretariat.

secretariat@apbi-icma.org

© 2025 APBI-ICMA

Situs web dibuat oleh

Alamat Sekretariat.

Menara Kuningan Building.

Jl. H.R. Rasuna Said Block X-7 Kav.5,

1st Floor, Suite A, M & N.

Jakarta Selatan 12940, Indonesia

Email Sekretariat.

secretariat@apbi-icma.org

© 2025 APBI-ICMA

Situs web dibuat oleh