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CSX revenue falls 13% as coal shipments fall

2016-01-13 02:40:36| Railroads - Topix.net

CSX Corp. said Tuesday that its fourth-quarter revenue fell by 13% as lower coal volumes, which has hurt the entire railroad sector, continued to weigh on the rail giant. The company managed to beat, however, Wall Street expectations for earnings, partly because of lower fuel costs and efficiency gains.

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UPDATE 1-CSX Q4 profit falls on lower freight volumes

2016-01-12 23:35:27| Railroads - Topix.net

"With negative global and industrial market trends projected for 2016, full-year earnings per share are expected to be down compared to 2015, chief executive Michael Ward said in a statement. "CSX will continue to be rigorous about efficiency, resources and service quality in order to maximize shareholder value."

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UK industrial output falls in November

2016-01-12 11:00:12| BBC News | Business | UK Edition

UK industry suffers the biggest drop in output since early 2013 as manufacturing activity contracts.

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Oil price falls fail to dent US shares

2016-01-11 23:00:33| BBC News | Business | UK Edition

Oil prices lose 6% in Monday trading as new fears about China's economy give US share traders a choppy day.

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China markets start week with new falls

2016-01-11 02:48:41| BBC News | Business | UK Edition

Asian shares head lower on Monday as jitters from the sell-off in the markets last week continued to keep investors on edge.

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