News / Intermodal services in a dip as CSX 'rationalises' its network to regain reliability

© Jonathan Weiss

US rail operator CSX’s intermodal division may have closed 2018 on the up, but this year has begun with “leaves on the line”.

Its first-quarter earnings statement reveals a 5% dip in revenue ($428m) and volumes, and points the finger of blame at the “rationalisation” of its domestic network.

Chief executive James Foote told investors: “Despite international growth, intermodal declined due to the additional lane rationalisations implemented following peak season.

“Intermodal revenues are expected to remain muted, as we work our way through ...