Jacksonville, Florida, January 23, 2026
CSX Corporation has reported a 2% decline in profits for the fourth quarter, attributed to weak shipping demand and significant one-time expenses. The railroad company generated $3.51 billion in revenue, representing a slight decrease over the previous year. CEO Steve Angel highlighted ongoing challenges in the shipping industry, but expressed a commitment to improving productivity and controlling costs. CSX also outlined a cautious outlook for modest revenue growth in 2026, as it continues to invest in infrastructure improvements and adapt to market demands.
CSX Corporation Reports Decline in Q4 Profits Amid Economic Challenges
Despite challenges, Jacksonville-based CSX prioritizes efficiency and growth
Jacksonville, Florida – CSX Corporation, the prominent railroad company based in Jacksonville, has reported a 2% decline in fourth-quarter profits, a testament to the ongoing challenges faced in the shipping industry. With a profit of $720 million, or 39 cents per share, this quarter marks a dip from last year’s earnings of $733 million, or 38 cents per share during the same period. The decline stems from weak shipping demand and costs associated with recent layoffs, which amounted to nearly $50 million in one-time expenses affecting per-share profits.
The railroad giant generated revenue of $3.51 billion in the fourth quarter, a slight decrease of 1% from the prior year. CEO Steve Angel acknowledged the obstacles during a challenging year for both CSX and the broader industry, noting subdued demand and limited growth opportunities. However, CSX remains focused on enhancing productivity and controlling operational costs as it navigates a complex economic environment.
Future Outlook and Economic Growth
As CSX looks toward the future, the company projects modest economic growth in 2026, forecasting low single-digit revenue growth while withdrawing its previous financial targets for 2027. This cautious outlook reflects the ongoing uncertainty in the shipping market but also underscores the commitment of local businesses to adapt and thrive despite external pressures.
Infrastructure Improvements Drive Performance
Amid these challenges, CSX has undertaken significant infrastructure projects, including the major renovation of a tunnel in Baltimore. These advancements have yielded positive results, increasing average train speeds to 19.6 mph and improving on-time deliveries to 87%. Such investments position CSX to stay competitive, particularly as it prepares to haul double-stacked containers across its network this year—a move that aligns with the evolving demands of the shipping industry.
CSX’s Position in the Market
CSX operates primarily in the eastern United States and is a key player in the transportation sector, supporting the mobility of goods and services across various industries. The company’s evolving services, including the mentioned double-stacked container offerings, are significant for maintaining its competitive edge, especially with competitors like Norfolk Southern also entering similar markets.
Implications for Jacksonville’s Economic Landscape
As CSX deals with its operational challenges, the situation also casts a spotlight on the overall economic landscape of Jacksonville. The resilience of local entrepreneurs and businesses in the face of uncertainty is vital for fostering economic growth in Duval County. Reduced regulatory burdens can further empower small businesses to innovate and expand, ultimately contributing to a stronger local economy.
Key Takeaways
CSX’s recent performance reflects broader economic trends impacting the railroad and shipping industries. The strategies being employed to enhance productivity and infrastructure investments illustrate the determination of Jacksonville businesses to navigate challenges effectively. As we move forward, it’s essential for the community to support local enterprises and maintain engagement with the region’s economic development.
Frequently Asked Questions (FAQ)
What were CSX’s earnings in the fourth quarter?
CSX reported earnings of $720 million, or 39 cents per share, in the fourth quarter.
How did one-time costs affect CSX’s profits?
One-time costs totaling approximately $50 million reduced profits by 2 cents per share.
What is CSX’s revenue for the quarter?
CSX’s revenue for the quarter was $3.51 billion, a 1% decrease from the previous year.
What are CSX’s expectations for 2026?
CSX anticipates low single-digit revenue growth in 2026 and has withdrawn its financial targets for 2027.
What infrastructure projects has CSX completed recently?
CSX completed a major tunnel renovation, improving train speeds and on-time deliveries.
Key Features of CSX’s Recent Performance
| Metric | Value |
|---|---|
| Fourth Quarter Earnings | $720 million (39 cents per share) |
| Revenue | $3.51 billion (1% decrease) |
| One-Time Costs | $50 million (2 cents per share impact) |
| Average Train Speed | 19.6 mph |
| On-Time Deliveries | 87% |
| Double-Stacked Container Service | Planned for 2026 |
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Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
