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CSX railroad's 1Q profit jumps 15% on higher rates

Por: Associated Press Business April 21, 2023

OMAHA, Neb. (AP) — CSX hauled in 15% more profit in the first quarter as the railroad’s higher rates and fuel surcharges offset its higher costs.The Jacksonville, Florida-based railroad said Thursday that it earned $987 million, or 48 cents per share. That’s up from $859 million, or 39 cents per share, a year ago.That topped Wall Street expectations of 43 cents per share, according to FactSet.CEO Joe Hinrichs said the railroad’s service... + full article



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