(Source: Transport Topics Online, July 22, 2021)
NEW YORK — Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations. Earlier this year, CSX reached a $525 million rail agreement with the Commonwealth of Virginia as part of a planned multibillion-dollar rail transportation initiative to upgrade service and infrastructure in the state. In the second quarter, the sale added $349 million in income to the railroad’s finances.
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