CSX Corporation Hits Record Earnings in Q1

CSX Corporation (NYSE:CSX) announced record breaking net earnings for Q1 of $459 million.

As quoted in the press release:

Revenue in the quarter was nearly $3.0 billion, essentially flat from the year before, as gains in merchandise, intermodal and other revenue offset declines in the company’s coal business.

CSX’s Chairman, President and CEO, Michael J. Ward, said:

At the same time, we are prepared for the economy to accelerate and have great confidence in the long-term outlook for the business.

To view the whole press release, click here.