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Wall Street encouraged by CSX report

2016-04-18 19:04:34| Logistics - Topix.net

CSX Corp. reported lower first-quarter earnings and a drop in revenue that was even bigger than analysts were expecting, but investors were pleased overall with the Jacksonville-based railroad company's report. Analysts said they were encouraged by CSX's efforts to manage the business in the face of lower freight volumes, particularly a sharp drop in coal shipments.

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