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The Independent UK

National

Josh Funk

CSX railroad profit slips 2% as shipping demand remained weak and severance costs hurt results

CSX Donald Trump

Earns CSX - (Copyright 2022 The Associated Press. All rights reserved.)

CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs from layoffs that new CEO Steve Angel carried out last fall.

The Jacksonville, Florida-based railroad said it earned $720 million, or 39 cents per share, in the quarter. That's down from $733 million, or 38 cents per share.

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