CSX Reports Lower Earnings, Plans Continued Rail Upgrades

SUGAR LAND--October 14, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--)--Freight rail operator CSX Corporation (NYSE:CSX) (Jacksonville, Florida) reported net earnings of $455 million for the third quarter of 2016, down from $507 million in the same period last year. The company's overall volumes were down 8% from third-quarter 2015. Industrial Info is tracking $1.54 billion in active CSX Corporation projects.

Within this article: Strong and weak points of the sector, plans for capital improvements