The Fall of CSX’s Merchandise Freight Revenue in 1Q18
Its general merchandise revenue fell $60 million, or 3.3%, to $1.77 billion in 1Q18 from $1.79 billion YoY (year-over-year). Merchandise’s share of CSX’s total operating revenue fell 2.2% to 61.9% in 1Q18 from 64.1% in the same quarter last year. For CSX, growth in general merchandise revenue remains a concern.