CSX profit falls 22% as new CEO takes over but performance is expected to improve

CSX profit falls 22% as new CEO takes over but performance is expected to improve

The Jacksonville, Florida-based company said Thursday it earned $694 million, or 37 cents per share, in the quarter. That’s down from $894 million, or 46 cents per share a year ago. But without a $164 million goodwill impairment charge, the railroad would have earned $818 million, or 44 cents per sh...

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