CSX

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CSX

CSX to Invest $2 Billion to Strengthen Its Rail Network

January 25, 2011 Railfanning.org News Wire
JACKSONVILLE, Fla. — CSX Corp. will invest $2 billion to increase the quality, flexibility and capacity of its rail network, the company announced as part of its quarterly and full-year earnings report. That’s on top of the $1.8 billion the company invested in 2010, a year in which operating income was $3.1 billion. “CSX believes in the ability of the U.S. economy to continue growing and is committed to supporting its customers as that occurs,” saidMichael J. Ward, CSX chairman, president and chief executive officer. “This is an important time for CSX and other companies to take stock in what we need to do
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CSX

CSX Announces Record Fourth Quarter and Full-Year 2010 Results

January 24, 2011 Railfanning.org News Wire
CSX Corporation announced fourth quarter earnings of $430 million, or $1.14 per share, versus $303 million, or $0.77per share, in the same period last year. This represents a 48 percent year-over-year improvement in earnings per share and a record fourth quarter for the company. Fourth quarter revenue grew to $2.8 billion, a 21 percent increase from the prior year, on a 13 percent increase in volume. The fourth quarter of 2010 included an extra week resulting from the company’s 52/53 week fiscal reporting calendar.  Excluding the extra week, revenue increased 14 percent and volume increased seven percent on a comparable basis. Continued revenue growth, along