CSX Corp. announced its first quarter 2025 operating income of more than $1 billion, down 27% from more than $1.3 billion in the prior year.
Net income was $646 million, or $0.34 per diluted share, compared to $880 million, or $0.45 per diluted share, in the same period last year.
Total volume of 1.52 million units for the quarter was 1% lower compared to first quarter 2024. Revenue totaled $3.42 billion for the quarter, decreasing 7% year-over-year, as declines in coal revenue, fuel surcharge, and merchandise volume were only partially offset by the effects of higher merchandise pricing and growth in intermodal volume.
“CSX faced operational challenges to start the year, which contributed to first quarter results that did not meet our expectations,” Joe Hinrichs, president and chief executive officer, said in a release. “In response, our talented and dedicated team of railroaders are working together to lift our performance and drive success through an uncertain market outlook. We are taking targeted actions to address the network constraints posed by two major ongoing infrastructure projects, and we remain committed to safely and reliably serving our customers.”
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