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(Source: Associated Press, April 20, 2023)

CSX hauled in 15% more profit in the first quarter as the railroad’s higher rates and fuel surcharges offset its higher costs. The railroad said on April 20 that it earned $987 million. That’s up from $859 million a year ago. CSX’s revenue grew 9% to $3.71 billion in the quarter, and expenses were up to $2.24 billion as the cost of fuel and wages increased.

Full story: Associated Press