PALM BEACH, Fla. — CSX expects to take a $40 million hit in the fourth quarter due to lower than expected coal and automotive shipments. An Oct. 25 coal train derailment in Providence Forge, Va., and subsequent cleanup shut the railroad’s route to its Newport News, Va., export terminal for 12 days. [See “CSX coal […]
October coal train derailment to dent CSX fourth quarter financials
