CSX Cuts Forecast for the Year After Slower-Than-Expected 1Q

April 15, 2015 1:23 PM

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CSX now says that the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak.

Executives remain optimistic about the railroad's prospects because service is improving, but they said Wednesday, a day after posting first-quarter earnings, that mid-to-high single-digit profit growth is likely in 2015.

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