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Associated Press News

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Business & Economics

CSX profit drops 27% as railroad shipments decline amid construction projects and flooding

Associated Press News
Summary
Nutrition label

76% Informative

CSX railroad's profit fell 27% in the first quarter as two major construction projects forced them to reroute some trains.

The Jacksonville , Florida -based railroad said it earned $646 million net income, or 34 cents per share, during the quarter .

CEO Joe Hinrichs said the quarter was disappointing but the railroad is committed to improving its performance.

VR Score

86

Informative language

89

Neutral language

83

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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