CSX Corp. announced first quarter 2023 operating income of $1.46 billion compared to $1.28 billion in the prior year period. Net earnings of $987 million, or $0.48 per share, compared to $859 million, or $0.39 per share, in the same period last year.

First Quarter Financial Highlights

• Revenue reached $3.71 billion for the quarter, increasing 9% year-over-year, driven by solid volume growth in merchandise and coal, higher fuel surcharge, and pricing gains.
• Operating income of $1.46 billion increased 14% compared to the prior year, with an operating ratio of 60.5%.
• Diluted EPS of $0.48 increased 23% from $0.39 for the first quarter of 2022.

-via Press Release