{"id":13012,"date":"2015-04-15T16:34:50","date_gmt":"2015-04-15T21:34:50","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=13012"},"modified":"2015-04-15T16:34:50","modified_gmt":"2015-04-15T21:34:50","slug":"csx-profit-grows-despite-dropping-coal-exports","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/","title":{"rendered":"CSX profit grows despite dropping coal exports"},"content":{"rendered":"

By Sean Froelich<\/p>\n

CSX Corp., a Jacksonville Florida train transportation company, reported an 11 percent increase in net income in the first quarter, outperforming analyst expectations.<\/p>\n

<\/p>\n

For the\u00a0quarter<\/a> ended March 27, net income rose to $442 million from $398 million and earnings per share rose to $0.45 from $0.40. Revenue slightly increased from $3.01 billion to $3.03 billion. CSX said the increases were due to low natural gas prices as well as improved pricing.<\/p>\n

Analysts had expected net income of $431.4 million which was 2.4 percent below the reported outcome and estimated earnings per share of $0.44.<\/p>\n

\u201cThe strength and diversity of CSX\u2019s demand base remains their strength,\u201d said a first-look report from the Stifel Equity Research Group in Baltimore, Maryland. The Stifel report showed that 12 of 22 major CSX commodity carloads, including petroleum and fracking sand recorded growth.<\/p>\n

\u201cWith continuing broad-based demand for freight transportation, we see better pricing vibrancy than in previous years,\u201d CEO Michael Ward said during a conference call<\/a> with analysts. Ward also said that CSX is expected to pursue growing markets to off-set weakening coal exports.<\/p>\n

CSX also experienced unfavorable trends in paper and newsprint demand and in the steel market. However, CSX has strengthened through demand increases in the construction market and frozen food and municipal waste shipments.<\/p>\n

\u201cWe expect the positive trends we\u2019ve seen over the past few weeks to gain momentum in the second quarter and accelerate in the second half of the year as we progress towards the record level of service we saw in 2012 and 2013,\u201d Ward said about the future.<\/p>\n

CSX also announced a dividend increase of 13 percent, rising from $0.16 to $0.18 starting in the second quarter, and a $2 billion stock buy-back program over the next 24 months.<\/p>\n

Shares of CSX fell $0.35 to close at $32.86 Wednesday.<\/p>\n

Photo at top: CSX transports commodities in a network that covers 23 states and 21,000 miles throughout the Midwest and East Coast. (Don O’Brien<\/a>\/Creative Commons)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Sean Froelich CSX Corp., a Jacksonville Florida train transportation company, reported an 11 percent increase in net income in the first quarter, outperforming analyst expectations.<\/p>\n","protected":false},"author":125,"featured_media":13052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,436],"tags":[192],"class_list":["post-13012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-spring-2015","tag-promo"],"yoast_head":"\nCSX profit grows despite dropping coal exports - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CSX profit grows despite dropping coal exports - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Sean Froelich CSX Corp., a Jacksonville Florida train transportation company, reported an 11 percent increase in net income in the first quarter, outperforming analyst expectations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"Medill Reports Chicago\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-15T21:34:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"seanfroelich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"seanfroelich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/\",\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/\",\"name\":\"CSX profit grows despite dropping coal exports - Medill Reports Chicago\",\"isPartOf\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg\",\"datePublished\":\"2015-04-15T21:34:50+00:00\",\"author\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/fb77a835c91edc76d9f4f8dfd1af7a1d\"},\"breadcrumb\":{\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage\",\"url\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg\",\"contentUrl\":\"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg\",\"width\":1200,\"height\":920,\"caption\":\"CSX transports commodities in a network that covers 23 states and 21,000 miles throughout the Midwest and East Coast. (Don O'Brien\/Creative Commons)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/news.medill.northwestern.edu\/chicago\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CSX profit grows despite dropping coal exports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#website\",\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/\",\"name\":\"Medill Reports Chicago\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/fb77a835c91edc76d9f4f8dfd1af7a1d\",\"name\":\"seanfroelich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1449fbe113c7d03e4121b5ab0b10998acc58c54b57b0f1f7d64a400c2718322?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1449fbe113c7d03e4121b5ab0b10998acc58c54b57b0f1f7d64a400c2718322?s=96&d=mm&r=g\",\"caption\":\"seanfroelich\"},\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/author\/seanfroelich\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CSX profit grows despite dropping coal exports - Medill Reports Chicago","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/","og_locale":"en_US","og_type":"article","og_title":"CSX profit grows despite dropping coal exports - Medill Reports Chicago","og_description":"By Sean Froelich CSX Corp., a Jacksonville Florida train transportation company, reported an 11 percent increase in net income in the first quarter, outperforming analyst expectations.","og_url":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/","og_site_name":"Medill Reports Chicago","article_published_time":"2015-04-15T21:34:50+00:00","og_image":[{"width":1200,"height":920,"url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg","type":"image\/jpeg"}],"author":"seanfroelich","twitter_card":"summary_large_image","twitter_misc":{"Written by":"seanfroelich","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/","url":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/","name":"CSX profit grows despite dropping coal exports - Medill Reports Chicago","isPartOf":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage"},"image":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage"},"thumbnailUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg","datePublished":"2015-04-15T21:34:50+00:00","author":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/fb77a835c91edc76d9f4f8dfd1af7a1d"},"breadcrumb":{"@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#primaryimage","url":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg","contentUrl":"https:\/\/s3.amazonaws.com\/medill.wordpress.offload\/WP%20Media%20Folder%20-%20medill-reports-chicago\/wp-content\/uploads\/sites\/3\/2015\/04\/Don-OBrien-CSX-1200.jpg","width":1200,"height":920,"caption":"CSX transports commodities in a network that covers 23 states and 21,000 miles throughout the Midwest and East Coast. (Don O'Brien\/Creative Commons)"},{"@type":"BreadcrumbList","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/csx-profit-grows-despite-dropping-coal-exports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news.medill.northwestern.edu\/chicago\/"},{"@type":"ListItem","position":2,"name":"CSX profit grows despite dropping coal exports"}]},{"@type":"WebSite","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#website","url":"https:\/\/news.medill.northwestern.edu\/chicago\/","name":"Medill Reports Chicago","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.medill.northwestern.edu\/chicago\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/fb77a835c91edc76d9f4f8dfd1af7a1d","name":"seanfroelich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.medill.northwestern.edu\/chicago\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1449fbe113c7d03e4121b5ab0b10998acc58c54b57b0f1f7d64a400c2718322?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1449fbe113c7d03e4121b5ab0b10998acc58c54b57b0f1f7d64a400c2718322?s=96&d=mm&r=g","caption":"seanfroelich"},"url":"https:\/\/news.medill.northwestern.edu\/chicago\/author\/seanfroelich\/"}]}},"_links":{"self":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/13012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/comments?post=13012"}],"version-history":[{"count":0,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/posts\/13012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media\/13052"}],"wp:attachment":[{"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/media?parent=13012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/categories?post=13012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.medill.northwestern.edu\/chicago\/wp-json\/wp\/v2\/tags?post=13012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}