CSX railway net profit down 5.3pc as revenue rise 2pc in 2013
AMERICAN railway giant CSX posted a 5.3 per cent year on year profit decline to US$426 million in 2013 drawn on revenues of $3 billion, up two per cent.
The third largest railway said the higher revenues were based on increased volume despite challenging weather.
CSX president and CEO Michael Ward said the volume growth of six per cent despite a sharp decline in coal was "supported by the strength of an expanding economy."
