CSX Reports Jump in 1Q Income, Revenue
CSX Corp.’s first-quarter profit jumped 30% on higher prices and demand, the railroad said.
CSX earned $395 million, or $1.06 per share, up from $305 million or 78 cents, a year earlier.
Revenue rose 13%to $2.8 billion, led by a 7% increase in volume, the eastern freight railroad said late Tuesday.
Intermodal shipments, CSX’s largest category, rose 11%.
