Tag: Oil Shipments

Low oil prices, coal demand slow CSX company profit this year

Workforce reduction expected at CSX OMAHA, Neb. – CSX expects faltering demand for coal and crude oil to slow profit growth this year, but the railroad will limit expenses and work to raise rates to compensate. Railroad executives said Wednesday it will be difficult to deliver results near the upper end of their forecast for mid-to-high single-digit earnings […]