Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/15/2014 4:30:00 PM Write a Letter to the Editor Write a letter to the Editor

CSX Net Income Rises 1.5%


Luke Sharrett/Bloomberg News

CSX Corp. reported second-quarter net income rose 1.5% to $529 million, or 53 cents per share, helped by revenue increases in the intermodal, chemicals and agricultural products freight.

Revenue rose 7% to $3.24 billion from $3.05 billion for the Jacksonville, Florida-based railway. In the year-earlier period, net income was $521 million, or 51 cents per share.

Intermodal revenue rose 6% to $449 million, reflecting a 7% rise in truck-rail shipments. Chemicals revenue climbed 17% to $556 million, and agricultural products increased 15% to $285 million.

“With the broad-based economic momentum we are seeing, the core earning strength of this company is improving and driving value for shareholders,” CEO Michael Ward said in a statement.

CSX also said it was increasing 2014 capital spending, after an 8% rise in freight volume during the second quarter.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement