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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.
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."
Tags: lower
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falls
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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.
Tags: november
industrial
output
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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.
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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