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CSX reports Q2 profit down 14% to $829M, cites construction delays; CEO open to merger talks.
CSX, a major US railroad, reported a 14% drop in Q2 profit to $829 million, down from $963 million the previous year, due to ongoing construction projects causing delays and higher costs.
CEO Joe Hinrichs signaled openness to merger talks if beneficial for shareholders and business growth, though he emphasized focus on improving operations.
Despite the profit decline, CSX's performance matched analyst predictions.
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CSX reporta ganancias del segundo trimestre bajando 14% a $829M, citando retrasos en la construcción; CEO abierto a conversaciones de fusión.