CSX, one of the largest U.S. railroads, aid it expects record financial results in 2011 when it reported 2010 quarterly earnings and revenue on January 24.
CSX is the second major U.S. railroad to report fourth-quarter results. Union Pacific (UNP.N), the largest, also had profit and revenue that topped analyst estimates despite rising fuel costs and said it was encouraged by signs of a slowly strengthening economy.
CSX said record 2010 earnings were driven by strengthening volume, revenue, productivity and operating leverage.
The full story appears at Reuters.com.