(Source: Railway Age, April 13, 2016)
NEW YORK — Impacted by lower volume, CSX posted first-quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year. “Service improvements, significant efficiency and resource alignment savings combined to help offset the impact of lower volume,” the company said.
Full story: Railway Age