CSX Reports Jump in First-Quarter Income
astern freight railroad CSX Corp. reported its first-quarter income jumped to $579 million or $2.56 a share, up from $30 million or 14 cents a year earlier.
The earnings included an after-tax gain of $425 million or $1.88 per share from the sale of its international terminals business, CSX said.
The company’s surface transportation operating income was a record $351 million, up from $151 million a year ago, which had been reduced by a $53 million management restructuring charge.
