
CSX profit up as consumer segments offset coal
Reuters reported that CSX Corp reported higher quarterly profit and revenue and volume were little changed from a year ago, as increases in consumer goods segments helped offset a drop in utility coal shipping.
Jacksonville, Florida based CSX said that net income rose to USD 512 million in the second quarter from USD 506 million a year before. Quarterly operating revenue for the No 2 publicly held US railroad operator held at about USD 3.01 billion in the quarter.
Source - Reuter
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