CSX railroad's profit soars 25% in Q1 with more shipments

CSX railroad’s profit jumped 25% in the first quarter as the railroad hauled 3% more shipments and cut its expenses.

The Jacksonville, Florida-based railroad said Thursday that it earned $807 million, or $0.43 per share, as it continued to improve efficiency.

That’s up from $646 million, or $0.34 per share, a year ago.

CSX easily topped the expectations of analysts surveyed by FactSet Research.

The railroad cut expenses by 6% to $2.2 billion in the quarter as CEO Steve Angel, who took over last fall, continued to improve operations.