(Source: Associated Press, October 18, 2011)
JACKSONVILLE, Fla. — Higher shipping rates on everything from coal to cars boosted the third-quarter profit of freight railroad CSX Corp. CSX reported a 12 percent increase in net income to $464 million, or 43 cents per share, matching the forecast of analysts surveyed by FactSet. A year earlier, the company earned $414 million, or 36 cents per share. Revenue grew 11 percent to $2.96 billion. Analysts had forecast $2.97 billion.
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