- Train operator CSX reported disappointing second-quarter earnings on Wednesday that sent shares sliding by as much as much as 12%.
- The loss — which was also driven by the company’s lowered full-year 2019 sales forecast — marked CSX’s biggest since the financial crisis
- The company criticized President Trump’s trade war, which has resulted in tariffs on hundred of billions of dollars in imported goods.
- James Foote, the president and chief executive officer, said the current economic landscape is “one of the most puzzling” he’s seen in his career during a call with analysts.
- Watch CSX trade live.
President Trump’s trade war read more >>>