(AP) — CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.
The Jacksonville, Florida-based railroad said it earned $846 million, or 42 cents per share, in the quarter.
Hinrichs said customers are noticing that the railroad's service has been consistently better over the past year, and that is opening the door to more conversations about increasing the amount they ship on the railroad.
Three CSX employees have died on the job since June, prompting unions to call for better training and a review of the use of remote-control locomotives.
CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Persons:
”, Joe Hinrichs, Hinrichs, Mike Cory
Organizations:
— CSX, FactSet Research, CSX, ” Revenue
Locations:
OMAHA, Neb, Jacksonville , Florida