News / CSX cuts away the 'crazy stuff' and intermodal revamp starts to pay dividends

© Wangkun Jia

US railroad CSX has reported growth in intermodal activities a year after the dismal fourth quarter that followed  turnaround king and CEO Hunter Harrison’s unexpected death.

But these gains will likely be soured by plummeting profits, despite upturns in revenues.

Volumes for the container business climbed 2% for both the final quarter and the full-year 2018, with divisional revenues up 4% (to $492m) and 7% (to $1.9bn), respectively.

Despite the seemingly weak growth figures, chief executive James Foote was surprisingly upbeat and optimistic ...