Market mover

CSX inches up on a challenging outlook

CSX officials expect US coal shipments to fall in 2013.

Mike Groll/Associated Press

CSX officials expect US coal shipments to fall in 2013.


CSX Corp. expects 2013 to be another challenge, with continued weak coal demand being offset by growth in other areas like intermodal, crude oil, fertilizer, and building products. CSX reported a 3 percent decline in fourth-quarter profit as revenue fell 2 ­percent to $2.9 billion. CEO Michael Ward said some coal users will continue to shift to natural gas in 2013, and the weak global economy will hurt demand for industrial coal use.

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