CSX Corp profit misses Wall Street estimates on weak freight volumes

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CSX Corp profit misses Wall Street estimates on weak freight volumes
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Masstown farmer launches pumpkins over a kilometre for charity | SaltWire - U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains.

This has driven down freight volume hauled by rail, particularly in the intermodal segment, which involves shipping goods via two or more modes of transportation. Revenue fell about 8% to $3.57 billion in the quarter ended Sept. 30. However, it came ahead of analysts' estimates of $3.55 billion, according to LSEG data.

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