CSX Corporation (CSK) is a premier transportation company. It offers rail, intermodal, and rail-to-truck transload services and solutions to customers in various markets, including energy, industrial, construction, agricultural, and consumer products.
In the second quarter, CSX's earnings per share were 8.3% higher than expected, while revenue exceeded the consensus estimate by 4%. In addition, the company’s coal revenues increased 47% in the first half of 2022, owing to increased export demand for coal. Intermodal revenues increased by 15% in the first half of 2022, owing to strong demand, primarily on the domestic front.
