CSX railroad reported a 2% decrease in second-quarter profit despite a 2% increase in shipment volume, attributed to the Baltimore bridge collapse in March disrupting coal exports. The company's earnings were $963 million, or 49 cents per share, down from last year's $984 million. However, this exceeded analysts' predictions of 48 cents per share.
CSX CEO acknowledged the effective response to the disruptions at the Port of Baltimore, the nation's second-largest coal export port. The company, along with competitor Norfolk Southern, swiftly rerouted shipments to other ports to mitigate the impact of the bridge collapse.
