CSX benefits from intermodal in 2Q

Richmond, VA-based railroad CSX said its net income rose 24% to $135 million on revenues of $2.07 billion in the second quarter largely because of strong intermodal business. Chairman & CEO John Snow the company's "sharp, sustained focus" on improving intermodal service is bringing new freight business from highway transportation and has enabled the railroad to increase prices in selected markets.

Sean Kilcarr

July 26, 2002

Richmond, VA-based railroad CSX said its net income rose 24% to $135 million on revenues of $2.07 billion in the second quarter largely because of strong intermodal business.

Chairman & CEO John Snow the company's "sharp, sustained focus" on improving intermodal service is bringing new freight business from highway transportation and has enabled the railroad to increase prices in selected markets.

"Our auto, merchandise and intermodal revenues are all up for the quarter, more than offsetting continued weakness in the coal sector due to prevailing, higher-than-normal utility stockpiles," he said.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.