Florida-based CSX 2Q profit more than doubled as railroad hauled 27% more

Photo: Gift Habeshaw
CSX railroad’s second-quarter profit more than doubled as the economy continued to rebound from the depths of the coronavirus pandemic.
Florida-based CSX says it hauled 27% more freight than a year ago when the economy slowed to a crawl because of restrictions related to the virus.
The railroad said Wednesday that it earned $1.17 billion, or 52 cents per share, during the quarter.
The results included a one-time boost of 12 cents per share related to a property rights sale to the state of Virginia. That beat the 37 cents per share that Wall Street analysts anticipated.
Get The 90.7 WMFE Newsletter
Your trusted news source for the latest Central Florida news, updates on special programs and more.
GET THE LATEST

WMFE Journalistic Ethics Code | Public Media Code of Integrity