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Category: CSX

  • CSX Q4 profits sink on lower coal and fuel revenue, hurricane-related costs

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    Investor Empires

    (Photo: Shutterstock/Wangkun Jia) CSX’s revenues and profits declined in the fourth quarter because growth in cargo and intermodal traffic was not enough to offset sharp declines in coal and fuel revenues. The impact of a pair of hurricanes—both of which affected interconnected traffic to and from Florida, a high for…

  • Union Pacific delivers 7% more profit as investors get good view of industry with CSX also reporting

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    Investor Empires

    OMAHA, Neb. (AP) — Union Pacific reported a 7% increase in fourth-quarter profit as it managed to deliver more freight with fewer employees and continued to make the railroad more efficient. The Omaha, Nebraska-based railroad company reported earnings of $1.76 billion on Thursday, or $2.91 per share, easily beating Wall…

  • CSX beats second-quarter profit on better volumes, strong pricing By Reuters

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    Investor Empires

    (Reuters) – U.S. railroad CSX Inc (NASDAQ:CSX) narrowly beat second-quarter profit estimates on Monday, helped by higher freight volumes and strong rates, sending its shares up 5% after the open. Improving intermodal volumes, or goods moved across two or more modes of transportation, has helped railroads post profits along with…