Although the company continues to see softer volume growth, it has benefited from a robust pricing environment clubbed with higher fuel surcharges, aiding the average revenue per carload. CSX has also benefited from its acquisition of Quality Carriers – a trucking company focused on bulk liquid chemicals transportation – in 2021, bolstering revenue growth in the recent past. The current high inflationary environment, rising interest rates, and fears of a recession will likely weigh on CSX’s near-term performance.