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CSX Reports Gains in 1Q Income, Revenue

4/17/2012 5:00:00 PM
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CSX Corp. on Tuesday said its first-quarter earnings rose on higher volume, pricing gains and fuel recovery.

CSX earned $449 million, or 43 cents per share, up from $395 million, or 35 cents, a year earlier, the eastern freight railroad company said in a statement.

Revenue rose 6% to nearly $3 billion, as volume edged up 1%.

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Emil Estafanous, CPA, CFF, CGMA