CSX says more businesses are shipping via rail to avoid surging fuel costs

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Transportation/Shipping > Earnings Results
CSX says more businesses are shipping via rail to avoid surging fuel costs

Rail operator says plastics shipments are strong, as domestic producers benefit from disruptions abroad. Data-center demand is also driving shipments.

By Bill Peters
Last Updated: April 22, 2026 at 8:18 p.m. ET
First Published: April 22, 2026 at 6:21 p.m. ET


CSX’s stock is up 56% over the past 12 months.
Photo: Getty Images

Shares of CSX jumped after hours on Wednesday after the railroad giant raised its sales outlook for the year, as more businesses choose rail to save on fuel costs in the wake of the Iran war.

The gains in the stock came as Wall Street looks for signs of the war’s impact on the broader economy and the shipping networks that drive it, as a weaker housing market and subdued auto production weigh on CSX’s business.

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