SOURCE: Industrial Info Resources

Industrial Info Resources

April 15, 2010 05:00 ET

Rail and Intermodal Transport Company CSX Points to Economic Recovery for Increased Profits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 15, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Rail and intermodal operator CSX Corporation (NYSE:CSX) (Jacksonville, Florida) recently reported first-quarter net earnings of $306 million, up 24% from the previous year's 1Q net earnings of $246 million. "We're encouraged by what we see in the external environment, as the industrial economy continues to gain momentum," said Chairman, President and CEO Michael Ward in a conference call. "Revenues in the quarter improved 11%, driven by volume gains across most markets." As part of its North American Industrial Database, Industrial Info is covering more than $370 million of rail upgrades being performed by CSX this year.

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