What caused CSX's Q3 2024 EPS to fall short of forecasts?
3/29/2025 06:22pm
The EPS of CSX's Q3 2024 fell short of forecasts due to several factors:
1. **Coal Prices and Fuel Surcharge Reductions**: Lower export coal benchmark pricing and the impact of the Baltimore bridge collapse led to a decline in coal revenues. Additionally, reduced fuel surcharge revenue contributed to the revenue shortfall.
2. **Intermodal Challenges**: Weak trucking market conditions affected domestic intermodal business, leading to muted revenue growth in this segment.
In summary, the shortfall in CSX's Q3 2024 EPS can be attributed to lower coal prices, fuel surcharge reductions, and intermodal challenges. These factors collectively impacted the company's revenue and contributed to the EPS falling short of forecasts.