CSX Earnings Drop Amid One-Time Charges and Weak Coal Demand

On October 16, 2025, CSX released its third-quarter results and sent a jolt through the markets. Revenue slipped to about $3.59 billion, down nearly 1 % year over year. Net earnings dropped by around 22 %, hit in part by a $164 million goodwill impairment tied to its trucking arm. At the same time, coal revenue plunged 11 % as demand weakened further in a shifting energy landscape. These two headwinds, a one-time accounting charge and soft coal shipment, turned what could’ve been a steady quarter into a clear warning sign.