CSX Corp reported record second-quarter revenue of $3.94 billion, driven by a 9 percent year-over-year increase in intermodal volume to 792,000 units. Earnings per share rose 23 percent to $0.54, while operating income climbed 17 percent to $1.51 billion. The company benefited from domestic customer wins, new services, infrastructure investments, and tightening trucking capacity, which shifted more containers from long-haul trucking to rail. Management projects 5 to 9 percent revenue growth in 2026 and expects an 80 percent increase in free cash flow. CSX trades at a price-to-earnings multiple of 29 times, compared with 23.6 times for Union Pacific.
CSX CorporationRecord revenue driven by 9% intermodal volume growth from customer wins and new services.
Union Pacific Corporation