CSX Delivers 11 Percent More 1Q Profit by Controlling Costs

April 14, 2015 9:48 PM

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CSX Corp.'s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the railroad announced plans Tuesday to repurchase $2 billion of stock.

CSX reported $442 million in net income, or 45 cents per share, in the first quarter. That's up from $398 million, or 40 cents per share, a year ago when severe winter weather slowed traffic.

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