CSX’s Third-Quarter Income Rises

Eastern freight rail line CSX Corp.’s third-quarter earnings jumped 24% from a year earlier, the railroad said late Tuesday.

Net income rose to $407 million or 91 cents a share, up from $328 million or 71 cents a year earlier.

Revenue rose 3% to a record $2.5 billion, the railroad said in a statement.

The company’s surface transportation business recorded third-quarter operating income of $552 million, up from $489 million last year.