Even though the railroad delivered 3% more freight in the first quarter, the profit dropped 10%

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter. CSX delivered 3% of goods as shipments it handled shifted to a less-profitable mix. The railroad's first-quarter profit slipped 10% even though the railroad delivered more goods.

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter. CSX delivered 3% of goods as shipments it handled shifted to a less-profitable mix. The railroad's first-quarter profit slipped 10% even though the railroad delivered more goods.

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter. Analysts expected CSX to report earnings per share of 45 cents. CEO Joe Hinrichs said he was pleased the railroad was able to deliver consistent customer service that helped it attract more business.