Intermodal growth raises spectre of congestion at rail ramps
Escalating trucking charges and tender rejection rates are boosting intermodal traffic in the US – ...
ID 227113513
© Macro Studio
| Dreamstime.com
A defensive CSX management team was mildly tested by equity analysts after a sinking US market closed yesterday, 5 August, but there was little in the Jacksonville-based railroad’s Q2 24 numbers to make us all feel cheerful about its prospects.
(Or those of trucking and intermodal, for that matter.)
Flattish revenues and earnings* were spotted on a comparable Q2 24 vs Q2 23 basis, although sequential improvement from Q1 24 was highlighted on merit…
(*Quick recap: $3.7bn sales unchanged vs Q2 23 rose ...
Comment on this article