CSX Railway Reports 11% Rise in First-Quarter Profits, Lowers Earnings Expectations

SUGAR LAND--April 16, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Eastern U.S. freight rail carrier CSX Corporation (NYSE:CSX) (Jacksonville, Florida) reported first-quarter net earnings of $442 million, up 11% from the same quarter last year, but lowered its earnings growth expectations for all of 2015. Revenue for the quarter ended March 27 was nearly flat at just more than $3 billion, as market growth and improved pricing were offset by the impact of low natural gas prices, lower fuel recoveries and the stronger U.S. dollar, the company said. Industrial Info is tracking 42 active CSX projects with a cumulative investment value of $2.76 billion.

Within this article: First-quarter earnings for CSX Corporation, with details on projects, including the 2015 statewide freight rail network upgrade and rehabilitation program for Ohio.