(Source: Associated Press, January 16, 2020)
JACKSONVILLE, Fla. — CSX said its profit declined 9% in the fourth quarter of 2019 as the railroad hauled 7% less freight. The railroad said Thursday it earned $771 million, or 99 cents per share, in the quarter. That’s down from $843 million, or $1.01 per share, a year ago. For the full year, CSX said its profit grew 1% to $3.33 billion, or $4.17 per share. That’s up from $3.31 billion, or $3.84 per share, a year ago.
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