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CSX Q1 2021 profit falls 8%

(Source: Associated Press, April 20, 2021)

OMAHA, Neb. — CSX Corp. said its first-quarter profit declined 8% due to higher expenses, but the railroad said it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville, Florida-based company said Tuesday that it earned $706 million, or 93 cents per share, during the quarter. That’s down from $770 million, of $1 per share, a year ago.

Full story: Associated Press

Wednesday, April 21, 2021

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