(Source: Associated Press, October 20, 2021)
OMAHA, Neb. — CSX delivered a 32% jump in third-quarter profit as the volume of goods it hauled increased even beyond last fall’s strong level. Shipping volume was up 3% overall across CSX’s network. The Jacksonville, Florida-based railroad said Wednesday that it made $968 million, or 43 cents per share, in the quarter. That’s up from $736 million, or 32 cents per share, a year ago. The railroad said its revenue grew 24% from last year to $3.29 billion, driven by the volume growth.
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