CSX's fourth quarter profit slipped 13%, but the railroad reported hauling slightly more freight and kept its trains running smoothly.
The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter.
The results for the latest quarter were in line with what the analysts surveyed by FactSet Research predicted on average.
CSX's expenses crept up 4% to $2.36 billion during the quarter.
CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Persons:
railyards, Joe Hinrichs
Organizations:
FactSet Research, CSX
Locations:
Jacksonville , Florida