CSX posts higher profit, announces share repurchase program

April 14, 2015 10:22 PM

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CSX posts higher profit, announces share repurchase program

CHICAGO (Reuters) - U.S. railroad CSX Corp (CSX.N) on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program.

Shares of CSX, the third-largest U.S. railroad, rose nearly 2 percent in after-market trading.

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