CSX Q4 Profit Down on Weak Demand, Severance
CSX reported a 2% profit slip in the fourth quarter. This decline was attributed to weak demand. Severance costs from recent layoffs also impacted results. The railroad earned $720 million, or 39 cents per share. CEO Steve Angel expects only modest economic growth for the coming year.
https://www.abc4.com/news/business/ap-business/ap-csx-railroad-profit-slips-2-as-shipping-demand-remained-weak-and-severance-costs-hurt-results/amp/
Lcation: Jacksonville, Florida