AI-extracted from the 10-Q filed 2026-10-21 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
CSX third-quarter revenue rose 12% to $4,017M and operating income jumped 44% to $1,570M, driven by fuel surcharge revenue, volume and pricing gains across merchandise, intermodal and coal.
Biggest Revenue Drivers
Total Merchandise$2,453M+11% YoY
Higher fuel surcharge revenue as well as higher volume and pricing across merchandise, intermodal and coal.
Intermodal$634M+20% YoY
Domestic shipments increased due to wins with key customers, new service offerings and a tightening truck environment.
Biggest Revenue Drivers
Total revenue: $4,017M+12% YoY
Total Merchandise$2,453M+11% YoY
Higher fuel surcharge revenue as well as higher volume and pricing across merchandise, intermodal and coal.
Within Total Merchandise
Chemicals$790M+13% YoY
Increased primarily due to higher shipments of petcoke, waste, plastics and crude oil.
Agricultural and Food Products$430M+13% YoY
Increased due to higher shipments of domestic and export grains and feed ingredients, partially offset by decreased ethanol shipments.
Intermodal$634M+20% YoY
Domestic shipments increased due to wins with key customers, new service offerings and a tightening truck environment.
Coal$537M+10% YoY
Export coal increased due to higher metallurgical and thermal coal shipments, including benefits from re-opened mines.
Largest Expense Items
Fuel$451M+$170M YoY
Mostly due to a 67% increase in locomotive fuel prices as well as higher non-locomotive fuel prices, partially offset by efficiency savings.
Labor and Fringe$834M+$19M YoY
Incentive compensation up $53M on higher expected payouts and wage and healthcare inflation of $38M, offset by lower headcount and prior-year severance.
Purchased Services and Other$657M-$73M YoY
Efficiency savings of $42M net of inflation and lower costs from prior-year network disruptions and technology contract restructuring.
Margins: Operating margin reached 39.1%, up 880 basis points year over year, as revenue growth and cost reductions outpaced the cost increase from fuel prices. The prior-year quarter included a $164M goodwill impairment that does not recur.
Watch Items from the Filing
Operating metrics deteriorated: train velocity down 2%, dwell up 12%, carload trip plan performance down 12% and intermodal trip plan performance down 11% versus prior year.
Automotive revenue fell in volume due to a temporary outage at a customer location tied to re-tooling, with volume down 2%.
Estimated aggregate reasonably possible loss in excess of reserves is $1 million to $75 million, with the Lower Passaic River environmental matter and fuel surcharge appeal still pending.
Working capital deficit of $676M and $1.7B of debt classified as current, though the company cites $1.6B of cash and short-term investments and a $1.2B undrawn revolver.
Free cash flow before dividends rose to $2,648M for nine months from $1,066M, helped by lower property additions after the Blue Ridge subdivision rebuild.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Chow Anne HReporting ownerGrant or award · Feb 26, 2026
Wainscott James LReporting ownerGrant or award · Feb 26, 2026
Halverson Steven TReporting ownerGrant or award · Feb 26, 2026
Congress trading in CSX
33 transactions in CSX reported by 14 members of Congress under the STOCK Act, most recent trade Aug 31, 2026. Reported transactions, not recommendations.
About CSX CORP (CSX): stock profile, AI score and financials
CSX CORP (CSX) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores CSX at 67.6/100 on a composite quality score built from its SEC filings, placing it at rank #355 of 2,925 stocks — the top 25% of the AI-ranked universe. CSX scores in the top quartile across revenue scale (89.9), institutional flow (89.7), profitability (85.9). Areas of concern include revenue growth (27.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), CSX CORP reports quarterly revenue of $4.0B, net income of $1.1B, an operating margin of 39.1%. Top institutional holders of CSX by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. CSX trades on the Nasdaq exchange and files with the SEC under CIK 277948. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CSX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CSX CORP directly from SEC EDGAR.