CSX Corp. this week announced second quarter 2017 net earnings of $510 million, up from up from $445 million.
Revenue for the second quarter increased 8 percent when compared to the previous year, with growth across nearly all markets, the railroad said. This growth was primarily driven by coal-related gains, strength in core pricing and volume across the other markets, and increased fuel recovery.
“We are implementing Precision Scheduled Railroading on an expedited timetable, converting switching operations, balancing the network, streamlining resources and getting more out of our assets,” E. Hunter Harrison, president and CEO of CSX, said in a news release. “Although there still remains a lot to be done, we are confident that these initiatives will drive improved customer service, greater resource efficiency and superior shareholder value.”
