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CSX Fourth-Quarter Net Income Falls; Weaker 2016 Results Expected
2016-01-13 17:10:27| Railroads - Topix.net
CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year's earnings are expected to trail 2015. CSX, whose results were the first fourth-quarter earnings announcement in the transport industry, tied them to weak industrial and commodity markets, such as a 32% decline in coal shipments.
Tags: net
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Category:Transportation and Logistics
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