CSX: Weather to Reduce Q3 Operating Income

JACKSONVILLE, Fla. — CSX Corp. said that the financial impact of recent storms in the Gulf Coast and Midwest is now expected to reduce third quarter operating income by $40 million to $50 million and earnings per share by six to eight cents.

The impact is primarily related to asset write downs, business interruption and reroute expenses, the company said.

— PRNewswire-FirstCall