CSX Reports Higher Second-Quarter Earnings

July 27, 2005 1:00 PM, EDT

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astern freight railroad CSX Corp. reported Wednesday that its second-quarter income rose to $165 million or 73 cents a share, from $119 million or 53 cents a year earlier.

The railroad’s surface transportation revenue rose more than 8% to $2.2 billion. Surface transportation operating income rose to $422 million, from $280 million last year.

Intermodal revenue rose $5 million to $330 million, CSX said, driven by increased pricing and fuel charges. Intermodal operating income improved to $55 million from $31 million.

“In the foreseeable future, we expect a continuation of favorable economic conditions, industry growth and a strong pricing environment,” said Michael Ward, CSX’s chairman and chief executive officer.