CSX Corp. reported flat revenue growth in the first quarter and the Jacksonville-based railroad company is facing additional challenges in the second quarter from the Port of Baltimore closing.
However, CSX is still projecting revenue growth by a low to mid single-digit percentage this year.
“Once we get the Baltimore situation resolved we still see strong demand for export coal,” CEO Joe Hinrichs said in an April 18 interview after CSX’s first-quarter earnings report.