CSX Transportation reportedy has agreed to pay up to $10 million to the city of Baltimore for costs related to rebuilding the 26th Street wall that collapsed last spring, spilling automobiles and a portion of the road onto CSX’s own right-of-way below.
CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up from $521 million, or 51 cents per share, in the comparable quarter in 2013. CSX also beat Wall Street consensus per share estimates, recently raised, of 52.2 cents.
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik Eliasson, CSX Corp. executive vice president and chief financial officer, said Thursday, May 8, 2014, addressing investors and analysts at the Bank of America Merrill Lynch Global Transportation Conference in Boston.