Earnings PerformanceCSX reported a headline 7% earnings miss as weather, mix, and service challenges from network outages negatively impacted the quarter.
Market UncertaintyWith network disruptions expected to continue and end markets challenged for the remainder of the year, the recommendation is to wait out the early stages of the transformation.
Network DisruptionsSevere weather and infrastructure projects led to network disruptions, resulting in higher operating expenses and reduced network fluidity.