CSX Railway Sees Second-Quarter Profit Hike, Seeks to Restore Service Levels

SUGAR LAND--July 17, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Reporting a 1.5% increase in second-quarter net earnings from a year earlier, eastern U.S. railway CSX Corporation (NYSE:CSX) (Jacksonville, Florida) plans to spend an additional $100 million this year on infrastructure and locomotives, and to improve lagging customer service, company executives said Wednesday. Industrial Info is tracking 64 CSX projects with a combined investment value of $4 billion.

Within this article: Details on CSX's Virginia Avenue Tunnel reconstruction project in Washington, D.C. and North Baltimore terminal expansion in Ohio.