CSX reports record fourth quarter results

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JACKSONVILLE, Fla. – CSX Corp. reports record fourth-quarter 2014 net earnings of $491 million, a 15 percent increase from $426 million for the same period last year. The company also generated record fourth-quarter earnings per share of $0.49, up 17 percent from $0.42 per share in 2013.

Fourth-quarter revenue increased 5 percent to $3.2 billion, with strength across merchandise, intermodal and coal. Operating income increased 11 percent to $901 million, and the operating ratio improved 140 basis points to 71.8 percent.

For the full-year, CSX produced all-time records for revenue of $12.7 billion, operating income of $3.6 billion, net earnings of $1.9 billion and earnings per share of $1.92. At the same time, the operating ratio was 71.5.

Looking to 2015, the company expects to generate double-digit growth in earnings per share and margin expansion in 2015, progressing toward a mid-60s operating ratio in the long term.
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