Intermodal, autos boost CSX, KCS earnings

Rail

Wednesday, July 18, 2012

Two major U.S. railroads reported improved results for the second quarter on Tuesday, with their bottom lines boosted by better revenues from hauling intermodal cargo and automobiles. CSX had a profit of $512 million in the second quarter, a 1 percent increase over the $506 million earned in the same 2011 period. The company said it had revenue of $3.012 billion, $7 million less than the same period the prior year. Intermodal revenue was $408 million, up 10 p...

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