CSX's Q1 profit up 14%

Wednesday, April 18, 2012

CSX said it had a profit of $449 million in the first quarter of 2012, 14 percent more than the $395 million earned by the railroad in the same 2011 period. Revenue was $2.97 billion, up 6 percent from the $2.81 billion recorded in the first quarter of 2011 and driven by increased volume, pricing gains and fuel recovery. Overall volume was up 1 percent in the quarter when compared to the same period last year. Increased shipments in merchandise and...

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