CSX Corporation announced its first-quarter 2025 operating income of $1.04 billion, a 22% decrease from $1.34 billion in the prior year period. Net income for the quarter was $646 million, or $0.34 per diluted share, down 27% from $880 million, or $0.45 per diluted share, in Q1 2024. Total volume decreased 1% to 1.52 million units.
Revenue totaled $3.42 billion for the quarter, a 7% decrease year-over-year, primarily driven by declines in coal revenue (down 27% on 9% lower volume), lower fuel recovery, and decreases in merchandise volume. These declines were only partially offset by higher merchandise pricing and a 2% growth in intermodal volume.
Operating expenses increased 2% to $2.38 billion, significantly impacted by approximately $45 million in additional costs linked to network disruptions, congestion, and severe winter weather, exacerbated by ongoing infrastructure projects. Labor and fringe costs rose $16 million due to inflation, and purchased services and other expenses increased $54 million. CSX withheld its guidance range, citing uncertain tariff policies.
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