Rate
CSX railroad profit up 9% on higher fuel surcharges, rates
10 days ago | By Chron
OMAHA, Neb. - CSX railroad hauled in 9% more profit in the fourth quarter even though it carried less cargo because it received more money for fuel surcharges and higher shipping rates.
The Jacksonville, Florida-based railroad said Wednesday that it earned $1.02 billion, or 49 cents per share, in the quarter. That's up from $934 million, or 42 cents per share, the year before.
The results topped Wall Street expectations as the railroad continued to improve its operations. The 27 analysts surveyed by FactSet expected CSX to report earnings of 47 cents per share.
President and CEO Joe...
Read more ...
Search by Tags
RateEU will face fuel shortages and soaring energy prices - Hungary
The bloc agreed a price cap on Russian oil products earlier this week following heated debate EU member states will inevitably be hit by fuel shortages and skyrocketing energy... Read more ...
Schedule for Week of February 5, 2023
This will be light week for economic data. The key report this week is the December trade deficit. --- Monday, February 6th --- No major economic releases scheduled... Read more ...
Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month
I can't take it anymore. Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don't even realize that they are... Read more ...
EU will face supply shortages after Russian oil ban - Bloomberg
New refineries in the Middle East are reportedly facing delays With a looming ban on the supply of Russian petroleum products, the European Union needs to find alternative... Read more ...
A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets
The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk. Read more ...
EU agrees on new price caps for Russian oil
Limits on refined oil products will go into effect on February 5 The European Union will set the price of refined petroleum products imported from Russia at $100 per barrel for... Read more ...
Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded...
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders A brief excerpt: Note from Bill... Read more ...
US adds a surprisingly strong 517,000 jobs despite Fed hikes
U.S. employers added a robust 517,000 jobs in January in a sign of a still-strong labor market despite Fed rate hikes. Read more ...
Fact sheet: Employers are charged with violating federal law in nearly 40%...
Employers regularly employ illegal tactics to suppress unions. An analysis of the latest government data on unfair labor practice charges and union elections shows that... Read more ...
A call for data-first security
Massive data breaches and data leaks occur all too often. It's time for a new evolution of cybersecurity: data-first security. Here's why: Read more ...