CSX says its rail service is improving after major delays

OMAHA, Neb. (AP) — CSX railroad said Wednesday that its service is improving after a summer marked by delays as it overhauled its operations.

But despite the reported improvements, the Jacksonville, Florida-based railroad trimmed its profit outlook. It now expects profit to improve between 20 and 25 percent over last year's earnings per share of $1.81. Previously, CSX had predicted 25 percent profit growth.

New CEO Hunter Harrison said in a statement that the railroad has made good progress implementing his operating model, but the extensive changes involved did delay some deliveries over the summer.

"The railroad is now returning to a normal operating rhythm, and our performance metrics are improving," Harrison said.