(Source: Associated Press, April 17, 2012)
JACKSONVILLE, Fla. — Higher rates helped freight railroad CSX Corp. boost profits by 14 percent despite a drop in coal shipments. CSX said Tuesday that it earned $449 million, or 43 cents per share, in the first quarter, up from $395 million, or 35 cents per share, a year ago. Analysts expected 38 cents per share, according to FactSet. Revenue rose 6 percent to $2.97 billion. Analysts expected $2.91 billion.
Full story: Miami Herald