For 2022, CSX Targeting ‘Double-Digit’ Revenue, Operating Income Growth (UPDATED, Cowen)

CSX on July 20 reported that it would continue to increase its transportation headcount “to restore service and capture increasing rail volume” in 2022. It will also maintain its full-year capex target of some $2 billion. (Photograph Courtesy of CSX)

“Though volatile commodity prices and persistent inflation have added uncertainty to the economy, our efforts remain focused on adding the resources needed to deliver improvements in our network performance, lift customer satisfaction and develop new rail service solutions to drive meaningful growth over the long term,” reported James M. Foote, President and CEO of CSX, during the Class I railroad’s July 20 release of second-quarter 2022 financials, which included net earnings and volumes that were flat with the previous-year period.