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

CSX says more businesses are shipping via rail to avoid surging fuel costs(2 min)(2 min)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 CSX business. About the AuthorBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.A Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.