Why CSX’s Coal Revenues Declined in 1Q18
CSX’s (CSX) revenue in the first quarter of 2018 was flat compared to 1Q17. It rose only 0.2% to $2.8 billion. Carloads declined 4% to 1.5 million units from 1.6 million units a year ago. In spite of a volume fall, revenue rose marginally, which was most likely from pricing gains. Revenue per unit rose 4% to $1,877 from $1,802.