Countering the supply chain crisis
US class I railway CSX plans to invest in thirteen overflow container yards in its major terminals to create additional storage and capacity and thus respond to supply chain disruptions caused by log jams in ports and warehousing.
In Q3/2021, CSX Q3 raised its net earnings to USD 968 million compared to USD 736 million in Q3/2020. In Q3/2021, operating ratio was 56.4% compared to 56.9% in the prior year period.
Revenue for Q3/2021 rose 24% from the prior year to USD 3.29 billion, driven by growth across all business lines, increases in other revenue and the inclusion of Quality Carriers’ results. Operating income improved 26% to USD 1.44 billion for the quarter. (ben)