CSX Corp. ended 2022 with an increase in revenue, operating income, and earnings per share, as well as an increase in the size of its workforce — but the Jacksonville-based railroad says it is still seeing lower employee retention rates than it hopes for.
"We saw a tremendous improvement in our service metrics, in our operating metrics in Q4, and we're continuing to see improvement so far in January of '23," CSX CEO Joe Hinrichs told the Business Journal in a conversation Wednesday evening.Fourth-quarter revenue for the railroad was $3.73 billion, up 9% year-over-year.
While CSX is continuing to qualify conductors weekly, and is “comfortable” with the number of employees they currently have, it still sees attrition and retention as an issue to address, said Hinrichs, who started as CEO in September.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Q4 market reports: Jacksonville industrial sector short on space, high in demand - Jacksonville Business JournalSeveral local sector reports noted a comedown from the fluctuations of 2021, though fundamentals in 2022 appeared healthy.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Why a CRB opened a Jacksonville office focused on life sciences - Jacksonville Business JournalThe architecture, engineering and construction firm's work includes everything from vaccine rollout to cell and gene therapy to pet food.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Why a CRB opened a Jacksonville office focused on life sciences - Jacksonville Business JournalThe architecture, engineering and construction firm's work includes everything from vaccine rollout to cell and gene therapy to pet food.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Q4 market reports: Jacksonville industrial sector short on space, high in demand - Jacksonville Business JournalSeveral local sector reports noted a comedown from the fluctuations of 2021, though fundamentals in 2022 appeared healthy.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
AT&T expands fiber network throughout Jacksonville - Jacksonville Business JournalAT&T expansion to help close the digital divide in Jacksonville.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Flexcold opens new cold storage wareFlexCold doubles size of Jacksonville facility just months after openinghouse in Jacksonville - Jacksonville Business JournalThe growth in the project led the city to more than double the incentives it is providing.
Source: JaxBizJournal - 🏆 599. / 51 Read more »