Business

CSX optimistic about profits after coal stabilizes

By Josh Funk
Published April 17, 2013 5:01pm ET
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OMAHA, Neb. (AP) — CSX railroad officials expect strong profit growth in 2014 and 2015, once coal shipments stabilize at a lower level this year.

CSX chairman, president and CEO Michael Ward said Wednesday that the railroad has dealt with the current decline in coal shipments, driven by relatively low natural gas prices.

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