CSX(US:CSX)2025-07-23 20:30Financial Performance - Total revenue decreased by 3% year-over-year to $3.574 billion[19, 61] - Operating margin decreased by 320 bps year-over-year to 35.9%[17, 61] - Earnings per share decreased by 10% year-over-year to $0.44[21, 61] - Net earnings decreased by 14% year-over-year to $829 million[61] - Total volume was flat year-over-year[15] but increased 4% quarter-over-quarter[15] Operational Highlights - The company is managing through mixed market conditions, supported by operational momentum, service leadership, and new business wins[13] - Howard Street Tunnel and Blue Ridge projects remain on schedule for Q4 completion[13] - A minor reconfiguration at Avon Yard in Indiana will increase throughput capacity by up to 300 cars per day[47] and is projected to eliminate approximately 2 million out-of-route car miles[47] Segment Performance - Intermodal revenue decreased by 3% to $491 million[57] while intermodal volume increased by 2%[57] - Export coal revenue was impacted by weaker global benchmark prices and mine production constraints[54] - Merchandise revenue decreased by 2% year-over-year[50] Cash Flow and Capital Allocation - Free cash flow before dividends was $444 million year-to-date[66, 73] - Property additions totaled $1.172 billion year-to-date[66] - Shareholder distributions, including buybacks and dividends, totaled $1.201 billion year-to-date[66]