Hurricane Helene significantly impacted CSX’s operations, causing extensive damage to its network, second only to Hurricane Katrina in the past 30 years. The railroad anticipates a $50 million revenue loss in Q4, following a $15 million hit in Q3, with recovery and rerouting costs estimated at $20 million. CSX’s rebuilding efforts will likely exceed $200 million, extending into the next year. While the company faced challenges from Helene, they reported minor effects from Hurricane Milton and a brief strike by the International Longshoremen Association. Overall, CSX is focused on mitigating supply chain disruptions and maintaining capital expenditures of $2.5 billion for the year.

Source: https://www.supplychaindive.com/news/csx-hurricane-helene-impact-q3-earnings-rail/732181/