CSX Corporation (CSX)

The company now

CSX reported record third-quarter 2026 revenue of $4.02 billion, up 12 percent from a year earlier, and net earnings of $1.05 billion, or $0.57 per diluted share 1.

Operating income rose to $1.57 billion from $1.09 billion, and the operating margin, the share of revenue left after operating costs, widened 880 basis points to 39.1 percent 1.

The company said revenue rose because of higher fuel surcharge revenue, meaning fees that follow diesel costs, together with higher volume and pricing in merchandise, intermodal and coal 1.

Fuel expense rose to $451 million from $281 million, which the quarterly report ties mostly to a 67 percent increase in locomotive fuel prices 2.

Trains ran slower: velocity fell 2 percent and dwell, the time cars sit in yards, rose 12 percent from a year earlier 2.

On 12 October the company announced that chief operating officer Mike Cory is retiring 4.

The open question is the proposed Union Pacific and Norfolk Southern merger, which needs approval from the Surface Transportation Board 3.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.