CSX Corp.'s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the Jacksonville-based railroad announced plans to repurchase $2 billion of stock.
April 15, 2015 at 08:00 AM
1 minute read
CSX Corp.’s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the railroad announced plans Tuesday to repurchase $2 billion of stock.
CSX reported $442 million in net income, or 45 cents per share, in the first quarter. That’s up from $398 million, or 40 cents per share, a year ago when severe winter weather slowed traffic.
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