(Source: Associated Press, January 17, 2017)
OMAHA, Neb. — CSX Corp.’s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak. The Jacksonville, Florida-based railroad said Tuesday it generated $458 million in net income, or 49 cents per share, in the fourth quarter. That’s down from $466 million net income, or 48 cents per share, a year earlier. The railroad reported $3.04 billion in revenue, up from $2.78 billion a year earlier.
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