CSX Corporation (CSX) in Jacksonville, Fla., offers rail services, transportation of intermodal containers and trailers, and other related transportation services. Rising operating costs have adversely impacted the company amid continuing global supply chain disruptions and 40-year-high inflation rates. Furthermore, given surging market volatility, the shares of CSX have plunged 5.5% in price over the past three months and 8.9% year-to-date.
CSX’s total expenses increased 28% year-over-year to $2.06 billion for its fiscal year 2021 fourth quarter, ended Dec. 31, 2021. The company’s cash and cash equivalents balance declined 28.4% year-over-year to $2.24 billion.
