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News Summary: CSX profit improves 2 percent in 3Q

(AP) - FREIGHT FORTUNES: CSX railroad's quarterly net income grew 2 percent to $463 million, and the results beat Wall Street expectations.

COAL CONCERN: Revenue from coal shipments declined 9 percent to $720 million for CSX. Weak coal demand has been a challenge for all the freight railroads.

SHIPPING SUCCESS: CSX says its other shipments improved enough to offset the coal decline and total revenue grew 4 percent to nearly $3 billion. Shipments of intermodal containers, construction materials and industrial products all improved.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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