CSX lost out on $1 million a day in Q1 amid hurricane, tunnel work

News Snapshot:

Rebuilding from hurricane damage and a major tunnel project cost CSX a million dollars a day in lost revenue in the first three months of the year, the railroad’s top financial executive told an investor conference. “We got hit in the first quarter; it was a difficult winter,” said Executive Vice President and Chief Financial Officer Sean Pelkey, speaking at the Bank of America conference in New York. “There were a hundred million dollars in revenue opportunities we missed, a million dollars a day, because of constraints on our network.” The railroad (NASDAQ: CSX) continues to rebuild its 60-mile line...