News Summary: CSX railroad's 1Q profit up 2 pct.

News Summary: CSX offsets coal decline to boost 1Q profit 2 pct., boosts outlook through 2015

Associated Press

DELIVERING PROFITS: CSX said its first-quarter net income grew 2 percent to $459 million, or 45 cents per share, on $2.96 billion in revenue. That beat Wall Street's expectations.

RATE REWARDS: CSX said rate increases for other shipments helped the railroad offset a 13 percent decline in coal revenue.

ROLLING ALONG: CSX predicts its earnings will be relatively flat in 2013 but should grow 10 to 15 percent in 2014 and 2015.

View Comments (0)