CSX Reports 4Q Profit, Record Operating Income
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For the year, the railroad earned $1.1 billion or $5.04 a share, compared with $339 million or $1.52 the previous year.
astern freight rail line parent CSX Corp. Tuesday reported a fourth-quarter profit of $237 million or $1.03 per share, compared with $66 million or 30 cents a year earlier.
The company said its earnings were led by stronger surface transportation operating income, higher real estate sales and lower interest expense.
CSX had surface transportation revenue, which includes rail and intermodal operations, of $2.22 billion, a quarterly record. That compared with $2.18 billion a year earlier.
Revenue for the year rose to $8.6 billion, from $8 billion in 2004.
