(Associated Press circulated the following on May 18, 2011.)
JACKSONVILLE, Fla. — CSX Corp., the nation’s third-largest railroad operator, said Wednesday that it expects earnings per share to rise as much as 20 percent each year through 2015 from 2010 levels.
The company has benefitted from higher shipping prices and stronger demand in most of its markets which has helped it offset rising fuel costs. CSX also said it expects to repurchase about $1 billion in stock each year once it completes its $2 billion share repurchase program by the end of next year.
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