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CSX reports a significant Q1 profit drop, attributing it to severe weather and construction delays.
CSX Corporation reported a 27% drop in Q1 profit to $646 million, citing severe weather and ongoing construction projects as key factors.
The company's CEO remains optimistic about future improvements despite current challenges affecting shipment volumes and revenue.
Construction on a Baltimore tunnel and hurricane repairs have limited CSX's ability to respond to disruptions, leading to congestion and decreased shipments.
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CSX reporta una caída significativa de ganancias en el primer trimestre, atribuyéndola a las condiciones meteorológicas adversas y los retrasos en la construcción.