US railroad CSX announces hundreds of track maintenance worker layoffs - World Socialist Web Site
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Track maintenance workers at CSX are being "rewarded" for their contributions to a record-setting second quarter with 165 job cuts and as many as 1,062 furloughs in the maintenance of way department. These workers build, maintain and inspect the tracks that run through many communities and cities in the eastern half of the United States, where CSX is one of only two Class I railroads with a substantial presence. On July 22, 2026, CSX announced second quarter operating income of $1.51 billion and net earnings of $1.00 billion, or $0.54 per diluted share. This was up from the second quarter of 2025, where the company reported operating income of $1.28 billion and net earnings of $829 million, or $0.44 per diluted share. On a year-over-year basis, operating income increased 17 percent, net earnings 21 percent, and EPS increased 23 percent. Total volume of 1.68 million units for the quarter was 6 percent higher compared to second quarter 2025. Revenue totaled $3.94 billion for the quarter, increasing 10 percent year-over-year. The shareholders and executives are awash in record revenues while workers prepare for a cold winter of layoffs. On September 11 the Brotherhood of Maintenance of Way Employees Division of the Teamsters (BMWED) announced on their website that CSX "is moving forward with 165 permanent MOW position abolishments, the closure of multiple headquarters and as...
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