CSX Railway Reports 5% Drop in Fourth-Quarter 2015 Earnings, Plans for $2.4 Billion Capex for 2016
SUGAR LAND--January 14, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)-- Freight rail company CSX Corporation (NYSE:CSX), headquartered in Jacksonville, Florida, reported fourth-quarter 2015 earnings of $466 million, a 5% decline from the same period of last year. Revenues for the quarter decreased 13%, compared to the same period of last year, to $2.8 billion due to lower fuel surcharge revenues and volume declines. The firm is targeting $2.4 billion in capital expenditures (capex) for 2016, a more than $100 million decline from its 2015 target.
Within this article: Details the number and type of active CSX projects Industrial Info is tracking.
